Jan 19 set as record date for div under “UTI Equity Tax Saving Plan - DP” 15/01/2015

Jan 19 set as record date for div under “UTI Equity Tax Saving Plan - DP”
15/01/2015 10:54
UTI Mutual Fund has announced 22 per cent dividend under dividend payout option of scheme named as “UTI Equity Tax Saving Plan - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is January 19. The latest NAV of the scheme is Rs 24.26. The investment objective of the open-ended equity fund scheme is to invest a minimum of 80 per cent in equity and equity related instruments. It aims at enabling members to avail tax rebate under section 80C of the IT Act and provide them with the benefits of growth. The performance of the scheme is benchmarked against BSE 100 Index. Swati Kulkarni is the fund manager of the scheme.