UTI Mutual Fund has approved the declaration of dividend under the dividend option of UTI Dividend Yield Fund. The quantum of declaration will be Rs 0.50 per unit.
The record date is May 30, 2011.
UTI Dividend Yield Fund launched in May 2005, has been rated as a 5-star fund in Equity- Large and Mid-Cap category as on April 30, 2011. The fund is ranked 1st out of 43 funds based on trailing 5-year performance as on May 24, 2011. This is the 16th dividend declared by the fund since its launch. Prior to this, it declared a dividend of Rs 0.70 per unit in December 2010.