UTI Infrastructure Fund declares tax-free dividend of 9%

Chandigarh, March 14, 2016: UTI Infrastructure Fund declares tax-free dividend of 9% (Rs.0.90 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan. Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout.
The record date for the dividend is March 16, 2016.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Infrastructure Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option-existing plan and dividend option-direct plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.
The NAV of UTI Infrastructure Fund on March 9, 2016 under dividend option-existing plan was
Rs.20.0534 and under dividend option-direct plan was Rs.20.3250. .
UTI Infrastructure Fund is an open ended equity scheme which aims to provide income distribution and/or medium to long term capital appreciation by investing predominantly in equity and equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian Economy. However, there is no assurance that the investment objective of the scheme will be achieved.
Mr. Sanjay Dongre is the fund manager of the scheme.