Published:
UTI Mutual Fund declares dividend for dividend yield fund
UTI Mutual Fund has declared dividend for UTI Dividend Yield Fund, an open ended equity scheme.
The quantum of dividend will be 4% or up to 90% of distributable surplus available as on the record date, whichever is lower, to be rounded off to multiple of 0.50% on the lower side, so as to remain within the limit of 90% of distributable surplus.
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. The record date for dividend distribution is 30th November 2011.
