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Tuesday, June 09, 2009

UTI MF announces 20% dividend for three funds

Record date for dividend is 15 June 2009

UTI Mutual Fund has announced dividend under dividend option of below mentioned schemes. The record date for the declaration of dividend is 15 June 2009.

UTI – Master Value Fund

The fund house has decided to offer 20% i.e. Rs 2.00 per unit as dividend on face value of Rs. 10 per unit. The NAV for the scheme was at Rs 18.31 per unit as on 05 June 2009.

UTI – Master Value Fund is an open-ended equity oriented value fund. The investment objective of the scheme is capital appreciation through investment in stocks that are relatively under valued to their expected long-term earning growth. The fund will utilize in depth fundamental research to evaluate factors such as a company's financial structure its competitive position in the market and its management commitment to increasing shareholder value while selecting the universe of stocks for investments by this fund.

UTI –Mid Cap Fund:

The Fund house has decided to offer 20% i.e. Rs 2.00 per unit as dividend on the face value of Rs 10 per units. The NAV of the scheme was at Rs 17.36 per unit as on 05 June 2009.

UTI – Mid Cap Fund is an open ended equity scheme. The objective of scheme is capital appreciation by investing primarily in mid cap stocks.

UTI - Transportation & Logistics Fund:

The Fund house has decided to offer 20% i.e. Rs 2.00 per unit as dividend on the face value of Rs 10 per units. The NAV of the scheme was at Rs 12.99 per unit as on 05 June 2009.

UTI - Transportation & Logistics Fund is an open ended equity oriented scheme that seeks to generate capital appreciation through investment in stocks of the companies engaged in the transportation & logistics sector.

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