0.7% Dividend declared by UTI Mutual Fund
14/11/2017 15:04
UTI Mutual Fund has announced 0.70 per cent dividend under dividend payout option of scheme named as “UTI Spread Fund” on the face value of Rs 10 per unit.

The record date for the dividend was November 13. The latest NAV of the scheme is Rs 15.92.

The investment objective of the open ended equity scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity & equity related securities, derivatives and the balance portion in debt securities.

The performance of the scheme was benchmarked against Nifty 50 Arbitrage. Kaushik Basu is the fund manager of the scheme.