UTI Mutual Fund has announced a dividend of 15 per cent (i.e. Rs.1.50 per unit on a face value of Rs.10) under UTI PEF Unit Scheme. The record date for the dividend would be October 3, 2003. The scheme has earlier paid out two dividends: 15 per cent in December 2000 and 10 per cent in November 2002.
UTI PEF Unit Scheme is an open-ended equity scheme launched in 1995. The scheme primarily aims at providing medium to long term capital appreciation through investment in equity and equity related instruments with special emphasis on primary equities.