UTI Variable Investment Scheme- Index Linked Plan (UTI-VIS-ILP) to declare a dividend resulting in a gross pay out of 12% (Rs.1.20 per unit on a face value of Rs.10/-). This pay out includes the applicable income distribution tax. The record date for the dividend is December 1, 2004.
This is the second dividend declared by the scheme since its launch in November 2002. Earlier in December 2003 the scheme had declared a dividend of 12% (Rs.1.20 per unit on face value of Rs.10. Ex-dividend NAV- Rs.11.8315).
After payment of income distribution tax, it translates into a dividend pay out of 10.613% (Rs.1.0613 per unit on a face value of Rs.10/-) for individual and HUF investors and of 9.925% (Rs.0.9925 per unit on a face value of Rs.10/-) for other categories of investors.