UTI Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of UTI Contra Fund. The record date for dividend has been fixed as 17 February 2010.
The quantum of dividend will be 10% (Rs 1 per unit). The NAV of the scheme stood at Rs 12.68 as on 10 February 2010.
UTI Contra Fund is an open ended equity oriented scheme which has the investment objective to provide long term capital appreciation / dividend distribution through investments in listed Indian equities and equity related instruments. The Fund's investment policies are based on insights from behavioral finance. The fund offers an opportunity to benefit from the impact of non-rational investors behavior by focusing on stocks that are currently undervalued because of emotional and behavioral patterns present in the stock market.
Source: http://www.bloombergutv.com/stock-market/mutual-fund/commentary/374729/uti-mf-declares-dividend-for-contra-fund.html
The quantum of dividend will be 10% (Rs 1 per unit). The NAV of the scheme stood at Rs 12.68 as on 10 February 2010.
UTI Contra Fund is an open ended equity oriented scheme which has the investment objective to provide long term capital appreciation / dividend distribution through investments in listed Indian equities and equity related instruments. The Fund's investment policies are based on insights from behavioral finance. The fund offers an opportunity to benefit from the impact of non-rational investors behavior by focusing on stocks that are currently undervalued because of emotional and behavioral patterns present in the stock market.
Source: http://www.bloombergutv.com/stock-market/mutual-fund/commentary/374729/uti-mf-declares-dividend-for-contra-fund.html
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