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UTI Top 100 Fund declares tax-free dividend of 21%

By
UTI Mutual Fund, IPO

UTI Top 100 Fund declares tax-free dividend of 21% (Rs.2.10 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 March 16, 2016.

All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Top 100 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 Top 100 Fund on March 09, 2016 under dividend option-existing plan was Rs.29.4232 and under dividend option-direct plan was Rs.29.7730. UTI Top 100 Fund is an open ended equity scheme which aims to provide long term capital appreciation / dividend distribution by investing predominantly in equity and equity related instruments of top 100 stocks by market capitalization. There can be no assurance that the investment objective of the scheme will be realized.

Ms Swati Kulkarni is the fund manager of the scheme.

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