Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

UTI Mutual Fund : UTI Dividend Yield Fund declares tax free dividend of 5%

06/14/2013 | 09:18am US/Eastern
Recommend:
0

PRESS RELEASE

UTI Dividend Yield Fund declares tax-free dividend of 5%
UTI Dividend Yield Fund declares tax-free dividend of 5% (Re.0.50 per unit on face value of Rs.10) under dividend option-existing plan. Pursuant to the payment of dividend, the NAV of the dividend option-existing plan of the scheme would fall to the extent of payout.
The record date for the dividend is June 19, 2013.
All unit holders registered under the dividend option-existing plan of UTI Dividend Yield Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option-existing 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 Dividend Yield Fund on June 13, 2013 under dividend option-existing plan was Rs.12.9103.
UTI-Dividend Yield Fund is an open-ended equity oriented scheme. The investment objective of the scheme is to 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. Dividend Yield may be considered as high if it is greater than the dividend yield of the Nifty last released/ published by NSE.
Ms Swati Kulkarni is the fund manager of the scheme.
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of
India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of
9.73 million under its 91 domestic schemes / plans as on May 31, 2013.

Sponsors: State Bank of India, Punjab National Bank, Bank of Baroda, Life Insurance Corporation of India

Corporate Office: UTI Tower, 'Gn' Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Tel: 6678 6666

Website:www.utimf.com

PRESS RELEASE

Mumbai
June 14, 2013

Registered Office: UTI Tower, 'Gn' Block, Bandra - Kurla Complex, Bandra (E), Mumbai
- 400 051. Phone : 022-66786666. For more information please contact the nearest UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund independent Financial Advisor (IFA) for a copy of Statement of Additional Information, Scheme Information Document and Key Information Memorandum cum Application Form. Mutual Fund Investments are subject to market risks, read all scheme related
documents carefully

Sponsors: State Bank of India, Punjab National Bank, Bank of Baroda, Life Insurance Corporation of India

Corporate Office: UTI Tower, 'Gn' Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Tel: 6678 6666

Website:www.utimf.com

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago CALLAWAY GOLF : Researchers Submit Patent Application, "Golf Club Head with Improved Aerodynamic Characteristics", for Approval
1m ago UNIVERSAL ENTERTAINMENT : Patent Issued for Gaming Machine
1m ago ARCELORMITTAL : clarifies support against Ebola (Liberia)
1m ago YESCO Electronics Manufactured and Installed New Video System at LSU Tiger Stadium
1m ago CALLAWAY GOLF : Patent Application Titled "Customizable Golf Club Head" Published Online
1m ago NEW GEN TCH : TuneCore opens Nashville Office to Deepen Music-Industry Relationships and Grow Career-Building Opportunities for the New Generation of...
1m ago YUME : The Latest Frontier in Cross-Screen Digital Video Research: Hispanics
1m ago Patent Application Titled "Suggestive Content Based on Habit" Published Online
1m ago SFX ENTERTAINMENT : Announces Receipt of Requisite Consents and Expiration of Consent Solicitation Relating to Its 9.625% Second Lien Senior...
1m ago RUDOLPH THE RED-NOSED REINDEER™ : The Musical to Perform in 25 North American Cities This Holiday Season
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Investors seek injunction on sale of insurer by BES successor
DIXONS CARPHONE : to keep on 800 Phones 4u staff
DRESSER RAND : Modification/Amendment - Sole Source Services contract to Dresser-Rand for OEM Equipment Maintenance
Endo offers to buy Auxilium Pharma for about $2.2 billion
OWENS ILLINOIS : DE/ : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
Most Read News
1d ago ADOBE SYSTEMS : revenue forecast misses, shares slip
1d ago BARCLAYS : N.Y. says Barclays move to toss fraud case should be denied
1d ago RAYTHEON : House Ways and Means Committee - Hearing
1d ago DELTA AIR LINES : announces Los Angeles-San Antonio nonstop flights, starting in April
53m ago Wall St. edges higher after Fed; Dow sets record
Most recommended articles
7m agoDJGRAIN HIGHLIGHTS : Top Stories Of The Day
10m agoDJContinental Resources Names Insider as Chief Operating Officer
10m ago LENNAR : Fed renews zero rate pledge, but hints at steeper rate hike path
24m agoDJDollar Hits Six-Year High Vs Yen on Fed Guidance
29m ago EXCLUSIVE : Jimmy Choo to pledge industry-beating growth in expected IPO
Dynamic quotes  
ON
| OFF