UTI Mutual Fund has declared a dividend of 15% (Rs 1.5 per unit on a face value of Rs 10), in UTI Equity Tax Savings Plan and UTI Transportation & Logistics Fund. The record date for dividend is December 29, 2009.
All unit holders registered under the dividend option of the schemes as on December 29, 2009 will be eligible for this dividend. The NAV of the schemes under dividend option as on December 24, 2009 was Rs 17.06 and Rs 15.28 respectively. (Check out - Recent MF Dividends)
UTI Equity Tax Savings Plan is an open ended ELSS scheme. The investment objective of the scheme is to invest the funds collected into equities, fully convertible debentures / bonds and warrants of companies, investment may also be made in issues of partly convertible debentures / bonds including those issued on rights basis subject to the condition that as far as possible the non-convertible portion of the debentures / bonds so acquired or subscribed shall be disinvested within a period of twelve months from their acquisition.
UTI Transportation & Logistics Fund is an open ended equity scheme. The objective of the scheme is to seek capital appreciation through investments in stocks of those companies engaged in transportation & logistics sector.
Source: http://www.moneycontrol.com/news/mf-news/uti-mutual-fund-declares-dividend2-schemes_432942.html
All unit holders registered under the dividend option of the schemes as on December 29, 2009 will be eligible for this dividend. The NAV of the schemes under dividend option as on December 24, 2009 was Rs 17.06 and Rs 15.28 respectively. (Check out - Recent MF Dividends)
UTI Equity Tax Savings Plan is an open ended ELSS scheme. The investment objective of the scheme is to invest the funds collected into equities, fully convertible debentures / bonds and warrants of companies, investment may also be made in issues of partly convertible debentures / bonds including those issued on rights basis subject to the condition that as far as possible the non-convertible portion of the debentures / bonds so acquired or subscribed shall be disinvested within a period of twelve months from their acquisition.
UTI Transportation & Logistics Fund is an open ended equity scheme. The objective of the scheme is to seek capital appreciation through investments in stocks of those companies engaged in transportation & logistics sector.
Source: http://www.moneycontrol.com/news/mf-news/uti-mutual-fund-declares-dividend2-schemes_432942.html
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