UTI Mid Cap Fund declares tax-free dividend

Posted by: at 2/23/2017 03:03:00 am
 UTI Mid Cap Fund declares tax-free dividend


UTI Mid Cap Fund declares tax-free dividend of 25% (Re.2.50  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 February 27, 2017.


All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Mid Cap 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 Mid Cap Fund on February 21, 2017 under dividend option-existing plan was Rs.52.3043 and under dividend option-direct plan was Rs.55.3332.


UTI-Mid Cap Fund is an open-ended equity scheme. The investment objective of the Fund is ‘capital appreciation’ by investing primarily in mid cap stocks.


The portfolio of UTI-Mid Cap Fund is primarily invested in dynamic and well managed medium sized enterprises having higher growth potential vis-à-vis their well established counterparts. The fund primarily invests in stocks which only constitute the Nifty Free Float Midcap 100 index.


Mr Lalit Nambiar 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 219 domestic schemes / plans as on December 31, 2016.


Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Phone : 022-66786666. For more information please contact the nearest UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund independent Financial Advisor (IFA) for a copy of Statement of Additional Information, Scheme Information Document and Key Information Memorandum cum Application Form. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully


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