UTI India Lifestyle Fund declares tax-free dividend of 12% (Rs. 1.20 per unit on face value of Rs.10/) under dividend option-existing plan and dividend option –direct plan. The record date for the dividend is September 24, 2015, as stated in the press release issued by the company.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI India Lifestyle Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option -existing plan and dividend option-direct plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.
The NAV of UTI India Lifestyle Fund on September 18, 2015 under dividend option-existing plan was Rs.19.3911 and under dividend option-direct plan was Rs.19.7097.
UTI India Lifestyle Fund is an open ended equity oriented scheme. The investment objective of the scheme is to provide long term capital appreciation and/or income distribution from a diversified portfolio of equity and equity related instruments by primarily investing in sectors, areas, companies and themes that are expected to benefit from changing Indian demographics, Indian lifestyles and rising consumption pattern.
Lalit Nambiar is the fund manager of the scheme.
