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). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.
The record date for the dividend is 30th May, 2011.
All unitholders registered under the dividend option of UTI Dividend Yield Fund as on 30th May, 2011 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.
The NAV per unit as on May 24, 2011 was Rs. 14.34 under the Income (dividend) option.
The scheme performance vis – a - vis its benchmark index is as per table given below:
Fund Performance (Growth Option) as on April 30, 2011Performance Comparison with Benchmark Index | ||
Compounded Annualised Returns | NAV | BSE 100 |
| One year | 14.03% | 6.53% |
| Three years | 16.01% | 2.79% |
| Five Years | 16.56% | 9.82% |
| Since Inception (3rd May ‘05) | 22.14% | 20.02% |
| Assuming that all pay outs during the period have been reinvested in units of the fund at the immediate ex-dividend NAV Past Performance may or may not be sustained in the future | ||
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 had investor accounts of 9.88 million under its 82 domestic schemes as on March 31, 2011. The Average Assets Under Management (AAUM) for the quarter of January – March 2011 of UTI Mutual Fund was Rs. 67,188.82 crore (source: AMFI website).
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