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UTI Mutual Fund Source Name: UTI Mutual Fund

UTI Opportunities Fund Declares Tax-free Dividend of 15%

Apr 20, 2015   16:18 IST 
New Delhi, Delhi, India


UTI Opportunities Fund declares tax-free dividend of 15% (Re.1.50 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 is April 23, 2015.


All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Opportunities 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 Opportunities Fund on April 16, 2015 under dividend option-existing plan was Rs. 20.5752 and under dividend option-direct plan was Rs.22.5287.


UTI Opportunities Fund was launched in July 2005 as an open-ended equity scheme. The investment objective of the scheme is to generate capital appreciation and/or income distribution by investing the funds of the scheme in equity and equity related instruments. The main focus of the scheme is to capitalize on opportunities arising in the market by responding to the dynamically changing Indian economy by moving its investments amongst different sectors as prevailing trends change. UTI Opportunities Fund predominantly invests in 4 to 5 sectors that are expected to outperform the broader market in short to medium term.


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 is one of the largest mutual funds in India with investor accounts of 9.65 million under its 154 domestic schemes / plans as on March 31, 2015.


UTI Asset Management Company Ltd (Investment Manager for UTI Mutual Fund) E-mail: [email protected] Corporate Identity Number (CIN) U6599IMH2002GO1137867


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