UTI Mutual Fund has announced 24 July 2009 as the record date for declaration of dividend under the dividend option of UTI Dividend Yield Fund. The fund house has decided to distribute 5% or upto 90% of distributable surplus available as on the record date, whichever is lower as dividend on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 11.56 per unit as on 16 July 2009.
UTI Dividend Yield Fund is an open ended equity oriented scheme. The investment objective of the fund is provide medium to long term capital gains and/or dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield.
UTI Dividend Yield Fund is an open ended equity oriented scheme. The investment objective of the fund is provide medium to long term capital gains and/or dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield.
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