UTI Balanced Fund declares tax-free dividend of 18 pc
Mumbai, Mar 16 (UNI) UTI Balanced Fund (formerly known as UTI US-95) has declared a tax-free dividend of 18 per cent (Rs 1.80 per unit on face value of Rs 10).
The record date for the dividend is March 22.
All the unitholders registered under the dividend option of UTI Balanced Fund as on March 22 will be eligible for this dividend.
Also, investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend, a release said.
UTI Balanced Fund has been a consistent performer with 11 years of uninterrupted track record of dividend distribution.
The NAV per unit as on March 14 was Rs 49.81 under the growth option and Rs 21.49 under the dividend option (post-dividend distribution, NAV will fall to the extent of the pay out), the release added.
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