Wednesday, December 23, 2009

UTI Transportation & Logistics Fund Declares 15% Dividend

Record date for dividend is 29 December 2009 

UTI Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of UTI Transportation & Logistics Fund. The record date for dividend has been fixed as 29 December 2009.

The quantum of dividend will be 15% (Rs 1.50 per unit) subject to availability of distributable surplus as on the record date. The scheme recorded NAV of Rs 14.83 per unit as on 21 December 2009.

UTI Transportation & Logistics Fund is an open ended equity oriented scheme with the investment objective as capital appreciation through investments in stocks of those companies engaged in transportation & logistics sector.