UTI Equity Fund declares 10% dividend

UTI Equity Fund has declared a tax-free dividend of 10 per cent (Re 1 per unit on a face value of Rs 10).

The record date for the dividend is April 16, a press release issued here today said. All unit holders registered under the dividend option of UTI Equity Fund as on April 16 will be eligible for this dividend. Also investors who will join tho dividend option of the scheme on or before the record date will be eligible for the dividend, the release said.

The NAV per unit as on April 9 was Rs 25.71 under the dividend option.