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Monday, May 25, 2009

UTI Dividend Yield Fund offers dividend

Record date for dividend is 29 May 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Dividend Yield Fund. The record date for the declaration of dividend is 29 May 2009.

The quantum of dividend will be up to 60% of distributable surplus available as on record date. The NAV for retail plan was at Rs 11.2200 per unit as on 21 May 2009.

UTI Dividend Yield Fund, n open ended equity oriented scheme launched in April 2005. The fund seeks to provide medium to long term capital gains and / or dividend distribution by investing predominantly in equity and equity related instruments which offer high dividend yield.

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