UTI – Transportation and Logistics Fund declares tax-free dividend of 12% (Rs. 1.20 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 and statutory levy (if applicable).
The record date for the dividend is June 27, 2011
All unitholders registered under the dividend option of UTI – Transportation and Logistics Fund as on June 27, 2011 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.
The NAV per unit as on June 21, 2011 was Rs.13.96 under the dividend option.
The detailed scheme performance vis-à-vis its benchmark is given below:
| Fund Performance (Growth Option) as on June 15, 2011 Performance Comparison with Benchmark Index | ||
| Compounded Annualised Returns | NAV | UTI- Transportation & Logistic Index |
| One year | 5.94% | 6.00% |
| Three years | 24.76% | 21.04% |
| Since Inception (April 2008) | 21.14% | 17.33% |
| 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 | ||
UTI Transportation and Logistics Fund is an open-end equity oriented scheme. Investment Objective of the scheme is ‘capital appreciation’ through investments in stocks of the companies engaged in the transportation and logistics sector.
The investment universe of the fund comprises of auto/auto ancillary, railways, ports, airports, roads, shipping, courier, logistics and other ancillary sectors catering to transportation and logistics.
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Mr. Anoop Bhaskar is the Fund Manager of the Scheme.
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 had investor accounts of 9.88 million under its 82 domestic schemes as on March 31, 2011. The Average Assets under Management (AAUM) for the quarter of January – March 2011 of UTI Mutual Fund was Rs. 67,188.82 crore (source: AMFI website).
UTI TRANSPORTATION & LOGISTICS FUND: Nature of the scheme – An open end equity oriented scheme. Investment Objective: Investment Objective of the scheme is ‘capital appreciation’ through investments in stocks of the companies engaged in the transportation and logistics sector.Load Structure: Entry Load: Nil. Exit Load : 1% for <1 year & nil for >= 1 year. General Services: Daily NAV, Sale Price / Redemption Price available for Sale / Redemption on all business days.Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Statutory Details: UTI Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Sponsors: State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India. (Liability of sponsors limited to Rs. 10,000/-) Trustee: UTI Trustee Co. (P) Ltd. (Incorporated under the Companies Act, 1956) Investment Manager: UTI Asset Management Company Ltd. (Incorporated under the Companies Act, 1956). Risk Factors: All investments in Mutual Funds and securities are subject to market risks and the NAV of funds may go up or down depending on the factors and forces affecting the securities markets. All Mutual Fund and Securities investments are subject to market risks and hence there can be no assurance or guarantee that the Fund’s objective will be achieved. Past performance of the Sponsor / Mutual Fund / Scheme(s) / AMC is not necessarily an indicative of future results, and may not necessarily provide a basis for comparison with other investments . UTI Transportation & Logistic Fund is only the name of the fund/scheme/plan and does not in any manner indicate the quality of the fund/scheme, its future prospects or returns. There may be instances where no Income Distribution could be made. Realisation of all assurances and promises made, if any are subject to the laws of the land as they exist at any relevant point of time. The scheme is subject to risks relating to Credit, Interest rates, Liquidity, Securities Lending, Reinvestment, Default, Investment in Overseas markets, Trading in Equity and Debt derivatives (the specific risk could be Credit, Market, Illiquidity, Judgmental Error, Interest Rate Swaps and Forward Rate Agreements and scheme specific risks. For information on general services offered, Entry/Exit load etc please read the Scheme Information Document carefully before investing.