UTI-Opportunities Fund declares tax-free dividend of 15% (Rs.1.50 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout.
The record date for the dividend is January 22, 2010.
All unitholders registered under the dividend option of UTI-Opportunities Fund as on the record date 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.
During this fiscal year in July 2009, the scheme had declared a dividend of 10% (Rs.1.00 per unit on face value of Rs.10/-)
The NAV per unit as on January 15, 2010 was Rs.14.63 under the dividend option.
The scheme has consistently outperformed the benchmark BSE 100 as per table given below:
| Fund Performance as on January 11, 2010 Performance Comparison with Benchmark Index | ||
| Compounded Annualised Returns | NAV | BSE 100 |
| One year | 102.48% | 93.38% |
| Three years | 20.70% | 10.64% |
| Since Inception | 22.18% | 21.27% |
| Assuming that all pay outs during the period have been reinvested in units of the fund at the immediate ex-dividend NAV Past Performance may or may not be sustained in the future | ||
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UTI Opportunities Fund was launched in July 2005 as an open-ended equity scheme. The investment objective of the scheme is to generate capital appreciation and/or income distribution by investing in equity and equity related instruments. The main focus of the scheme is to capitalize on opportunities arising in the market by responding to the dynamically changing Indian economy by moving investments amongst different sectors as prevailing trends change. UTI Opportunities Fund predominantly invests in 4 to 5 sectors that are expected to outperform the broader market in short to medium term.
Mr. Harsha Upadhyaya, Fund Manager of UTI Opportunities Fund said, ”At any given point the fund invests only in select sectors and dynamically changes the allocation from one sector to another depending on the potential risk reward. “
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
UTI Mutual Fund has assets under management (average) of Rs.78203.44 crore and investor accounts of 1 crore under its 74 domestic schemes (as of December 31, 2009).