UTI – Transportation and Logistics Fund declares tax-free dividend of 20% (Rs 2.00 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 October 6, 2010
All unitholders registered under the dividend option of UTI – Transportation and Logistics Fund as on October 6, 2010 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 September 30, 2010 was Rs 18.30 under the dividend option.
During the last one year the scheme has generated a return of 42.45% as compared to the benchmark return of 38.38%. The detailed scheme performance is given below:
| Fund Performance as on September 23, 2010 Performance Comparison with Benchmark Index | ||
| Compounded Annualised Returns | NAV | Transportation and Logistic Index |
| One year | 42.45% | 38.38% |
| Since Inception | 33.84% | 27.75% |
| 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-ended 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.
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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.
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 has assets under management (average) of Rs 64172.80 crore and investor accounts of 1 crore under its 80 domestic schemes (as of August 31, 2010).