UTI Opportunities Fund declares tax-free dividend of 12.5% (Rs 1.25 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 Apr. 22, 2014.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Opportunities 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 Opportunities Fund on Apr. 16, 2014 under dividend option-existing plan was Rs.15.93 and under dividend option-direct plan was Rs 17.21.