UTI Mutual Fund today declared tax-free dividend of 8% for its scheme UTI - Opportunities Fund.
The record date for the dividend is May 2, the company said in a statement.
All unitholders registered under the dividend option of UTI-Opportunities Fund as on the record date will be eligible for this dividend, it said.
The net asset value (NAV) per unit as on April 26, 2011 was Rs 15 under the dividend option, it added.
Launched in 2005, UTI Opportunities Fund is 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, it said.
