UTI – Transportation and Logistics Fund declares tax-free dividend of 20% (Rs. 2.00 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 applicable).
The record date for the dividend is June 15, 2009.
All unitholders registered under the dividend option of UTI – Transportation and Logistics Fund as on June 15, 2009 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 June 08, 2009 was Rs.12.52 under the dividend option.
UTI Transportation and Logistics Fund is an open-ended equity oriented scheme. The Investment Objective of the scheme is ‘capital appreciation’ through investments in stocks of the companies engaged in the transportation and logistics sector.
Also Read
The Fund looks to invest atleast 80% of its net assets in equity and equity related instruments of the companies principally engaged in providing transportation services, companies principally engaged in the design, manufacture, distribution, or sale of transportation equipment and companies in the logistics sector.
Mr. Anoop Bhaskar 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 has assets under management (average) of Rs. 63,437.86 crore and investor accounts of over 9.69 million (as of May 31, 2009).
