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Monday, March 02, 2009

UTI SPrEAD Fund offers 8% of dividend

Record date for dividend is 6 March 2009

UTI Mutual Fund has announced dividend of 8% or Rs 0.80 per unit on a face value of Rs 10 under dividend options of UTI SPrEAD Fund, an open-ended equity oriented fund. The record date for declaration of dividend is set on 6 March 2009.

The NAV per unit as on 26 February 2009 was Rs 11.7462 under the dividend option.

UTI SPrEAD Fund was launched in June 2006 with an investment objective of providing capital appreciation and dividend distribution through arbitrage opportunities arising out of price difference between the cash and derivative market by investing predominantly in equity and equity related securities, derivatives and the balance portion in debt securities.

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