UTI Mutual Fund has declared tax-free dividend of 8% (Rs.0.80 per unit on face value of Rs.10 per unit) under UTI- Wealth Builder Fund-Series II. Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.
The record date for the dividend is 16 April 2009. UTI Wealth Builder Fund-Series II has declared its first dividend within a span of 5 months from the closure of NFO.
All unitholders registered under the dividend option of UTI- Wealth Builder Fund-Series II as on 16 April 2009 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.
The NAV per unit as on 9 April 2009 was Rs.11.51 under the dividend option.
UTI Wealth Builder Fund-Series II is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments alongwith investments in Gold ETFs and Debt and Money Market instruments.
The record date for the dividend is 16 April 2009. UTI Wealth Builder Fund-Series II has declared its first dividend within a span of 5 months from the closure of NFO.
All unitholders registered under the dividend option of UTI- Wealth Builder Fund-Series II as on 16 April 2009 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.
The NAV per unit as on 9 April 2009 was Rs.11.51 under the dividend option.
UTI Wealth Builder Fund-Series II is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments alongwith investments in Gold ETFs and Debt and Money Market instruments.
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