UTI- PSU Fund declares dividend of 15 pc
Mumbai, Mar 31 (UNI) UTI-PSU Fund has declared a tax-free dividend at 15 per cent (Rs 1.50 per unit on face value of Rs 10), stated a release issued here today.
The record date for the dividend is April 20.
The release stated that all unitholders registered under the dividend option of UTI- PSU Fund as on April 20, will be eligible for this dividend. Besides, investors who join the dividend option of the scheme on or before the record date will also be eligible for the dividend.
The NAV as on March 30 this year under the dividend option was Rs 16.34, stated the release, adding that post-dividend-distribution, the NAV would fall to the extent of the pay out.
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