The fund has declared a tax-free dividend of 15 per cent (Rs 1.50 per unit on face value of Rs 10).
Post-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 December 29, 2009.
The fund had earlier declared (June, 2009) a dividend of 20 per cent (Rs 2.00 per unit on face value of Rs.10).
The NAV per unit as on December 22, 2009 was Rs.14.89 under the dividend option.
UTI Transportation and Logistics Fund is an open-ended equity-oriented scheme investing in stocks of 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.
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 has assets under management (average) of Rs 79,895.22 crore and investor accounts of over 9.81 million under its 74 domestic schemes (as of November 30, 2009).