(Gross Distributable Amount-30%)
UTI Equity Fund declares dividend (gross distributable amount) of 30% (Re.3.00 per unit on face value of Rs.10) under dividend option-regular plan and dividend option –direct plan.
Distribution of above dividends are subject to the availability of distributable surplus as on record date. Dividend payout to the investor will be lower to the extent of Dividend Distribution Tax.
Pursuant to the payment of dividend, the NAV of the dividend option-regular plan and dividend option-direct plan of the scheme would fall to the extent of payout and statutory levy (if applicable).
The record date for the dividend is August 5, 2019.
All unit holders registered under the dividend option-regular plan and dividend option- direct plan of UTI Equity Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option-regular 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 Equity Fund on July 29, 2019 under dividend option-regular plan was Rs.99.2097 and under dividend option-direct plan was Rs.102.0916. .
UTI Equity Fund was launched in May 1992 and has completed 27 years of Wealth Creation. The Scheme has withstood the changing weather of the Indian economy, from liberalization to digitization.
UTI Equity Fund is an open ended equity scheme investing across large cap, midcap and small cap stocks. The primary objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Mr Ajay Tyagi 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 over 1 crore under its 187 domestic schemes / plans as on June 30, 2019.