UTI Mutual Fund has announced 0.88 per cent dividend under dividend payout option of scheme named as “UTI Multi Asset Fund-Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend was June 12. The latest NAV of the scheme is Rs 19.43.

The investment objective of the open ended equity scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments.

The performance of the scheme was benchmarked against S&P BSE 100. V Srivatsa is the fund manager of the scheme.