UTI Top 100 Fund declares tax-free dividend of 27% (Rs.2.70 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 Dividend Yield Fund declares tax-free dividend of 7.50% (Re.0.75 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.
The record date for the dividend of both the funds is March 21, 2018
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Top 100 Fund and UTI Dividend Yield Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option-existing plan and dividend option-direct 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 Top 100 Fund on March 16, 2018 under dividend option-existing plan was Rs. 35.8211 and under dividend option-direct plan was Rs. 36.7325. .
The NAV of UTI Dividend Yield Fund on March 16, 2018 under dividend option-existing plan was Rs.16.9162 and under dividend option-direct plan was Rs.18.6133.
UTI Top 100 Fund is an open ended equity scheme which aims to provide long term capital appreciation / dividend distribution by investing predominantly in equity and equity related instruments of top 100 stocks by market capitalization. There can be no assurance that the investment objective of the scheme will be realized.
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. There can be no assurance that the investment objectives of the scheme will be realized. “High Dividend Yield” means dividend yield is greater than the dividend yield of the Nifty last released/ published by NSE.
Mr V Srivatsa is the fund manager of UTI Top 100 Fund and Ms Swati Kulkarni is the fund manager of UTI-Dividend Yield Fund.