The UTI mutual fund has announced the declaration of dividend under dividend option of UTI Dividend Yield Fund. The record date for dividend will be 9 May 2008. The quantum of dividend is 7% i.e. Rs. 0.70 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 12.88 as on 30 April 2008.
UTI Dividend Yield Fund is open-ended equity fund with an aim to provide medium to long term capital gains and dividend distribution by investing predominantly equity and equity-related securities, which offer high dividend yield.
UTI Dividend Yield Fund is open-ended equity fund with an aim to provide medium to long term capital gains and dividend distribution by investing predominantly equity and equity-related securities, which offer high dividend yield.
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