UTI Long Term Equity Fund (Tax Saving) declares tax-free dividend of 25% (Re.2.50 per unit on face value of Rs.10) under dividend option-existing plan and 15% (Re.1.50 per unit on face value of Rs.10) under dividend option –direct plan, says a press release issued by the company.
The record date for the dividend is January 25, 2016.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Long Term Equity Fund (Tax Saving) as on the record date will be eligible for this dividend.
The NAV of UTI Long Term Equity Fund (Tax Saving) on January 19, 2016 under dividend option-existing plan was Rs.19.2898 and under dividend option-direct plan was Rs.21.1510.
Lalit Nambiar is the fund manager of the scheme.
