UTI MF has declared dividend under three schemes
Author(s): City Air NewsUTI Balanced Fund (5%), UTI CRTS (6.5%) and UTI Mid Cap Fund (45%) UTI Balanced Fund declares tax-free dividend of 5% (Rs. 0.50 per unit on face value of Rs.10/) under dividend option-existing plan and dividend...
cityairnews
Dec 8, 2015 12:30
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UTI Balanced Fund (5%), UTI CRTS (6.5%) and UTI Mid Cap Fund (45%)
UTI Balanced Fund declares tax-free dividend of 5% (Rs. 0.50 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.
UTI Unit Scheme for Charitable and Religious Trusts and Registered Societies (UTI-CRTS) declares a dividend resulting in gross pay out of 6.5% (Rs.6.5 per unit on a face value of Rs.100/-) under dividend option-existing plan and dividend option –direct plan. This pay out includes the applicable dividend distribution tax.
UTI-Mid Cap Fund declares tax-free dividend of 45% (Re.4.50 per unit on face value of Rs.10) under dividend option-existing plan and 35% (Re.3.50 per unit on face value of Rs.10) under 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 dividends is December 9, 2015.
Date:
Tuesday, December 8, 2015
