UTI Mutual Fund has announced a dividend of 10 per cent (Rs.1.00 per unit on a face value of Rs.10), under the Dividend Plan of Unit Scheme 95. The investors existing in the books of the Dividend Plan on the close of business of July 25, 2003, are eligible for the dividend. The dividend is tax free in the hands of the investors as well as for the scheme.
US 95 is an equity-oriented hybrid scheme with an objective to invest between 40 to 60 per cent in equity and equity related securities and the balance in fixed income securities.
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