UTI Mutual Fund has declared dividend under dividend option of UTI Equity Tax Savings Plan, an open-end equity scheme. The record date for the dividend has been set as February 21, 2011.
The fund house has decided to distribute Rs 1.00 per unit (10%) as dividend on the face value of Rs 10 per unit. The NAV of the scheme as on February 14, 2011 stood at Rs 16.3000 per unit.
The fund house shall invest the funds collected under the scheme in equities as well as fully convertible debentures / bonds and warrants of companies. Moreover, the investment may also be made in issues of partly convertible debentures/bonds including those issued on right basis subject to the condition that, so far as possible, the non-convertible portion of the debentures / bonds so acquired or subscribed shall be disinvested within twelve months from their acquisition.
Source: http://money.oneindia.in/news/2011/02/16/uti-mf-declares-dividend-equity-tax-savi.html
The fund house has decided to distribute Rs 1.00 per unit (10%) as dividend on the face value of Rs 10 per unit. The NAV of the scheme as on February 14, 2011 stood at Rs 16.3000 per unit.
The fund house shall invest the funds collected under the scheme in equities as well as fully convertible debentures / bonds and warrants of companies. Moreover, the investment may also be made in issues of partly convertible debentures/bonds including those issued on right basis subject to the condition that, so far as possible, the non-convertible portion of the debentures / bonds so acquired or subscribed shall be disinvested within twelve months from their acquisition.
Source: http://money.oneindia.in/news/2011/02/16/uti-mf-declares-dividend-equity-tax-savi.html
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