UTI-SPrEAD Fund declares tax-free dividend of 0.65% (Rs. 0.065 per unit on face value of Rs.10/) under dividend option-existing plan. The record date for the dividend is November 16, 2015. All unit holders registered under the dividend option-existing plan of UTI-SPrEAD Fund as on the record date will be eligible for this dividend, as stated in the press release issued by the company.
The NAV of UTI-SPrEAD Fund on November 10, 2015 under dividend option-existing plan was Rs. 15.6417.
The investment objective of the scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity and equity-related securities, derivatives and the balance portion in debt securities. However there can be no assurance that the investment objective of the scheme will be realized.
UTI-SPrEAD Fund is an open-ended equity fund investing in a mix of equity, equity derivatives, debt and money market instruments.
Kaushik Basu is the fund manager of the scheme.
