Monday, March 2, 2009

UTI Mutual Fund Has Announced Dividend - March 2, 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. The record date for the same is March 6, 2009.

The NAV under the dividend option as on 26 February 2009 was Rs 11.7462. UTI SPrEAD Fund was launched in June 2006 with an objective to provide capital appreciation and dividend distribution through arbitrage opportunities by investing in equity and equity related securities as well as derivatives and the balance portion in debt securities.

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