UTI Transportation and Logistics Fund declares tax-free dividend of 30% (Re.3.00 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 February 15, 2016, 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 Transportation and Logistics 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 Transportation and Logistics Fund on February 9, 2016 under dividend option-existing plan was Rs.38.7576 and under dividend option-direct plan was Rs.39.8501.
UTI Transportation and Logistics Fund is an open-end equity oriented scheme. Investment Objective of the scheme is ‘capital appreciation’ through investments in stocks of companies engaged in the transportation and logistics sector.
The investment universe of the fund comprises of sectors/sub-sectors including auto/auto ancillary, railways, ports, airports, roads, shipping, courier, logistics and other ancillary sectors catering to transportation and logistics.
Daylynn Pinto is the fund manager of the scheme.
