UTI Unit Scheme for Charitable and Religious Trusts and Registered Societies (UTI CRTS) has declared a gross dividend of 2.42 per cent (Rs.2.42 per unit on a face value of Rs.100). The net dividend payout for CRTS investors would be 2 per cent (Rs.2.00 per unit on a face value of Rs.100). The record date for the dividend is November 24, 2004.
UTI CRTS is an open-ended income oriented scheme with an objective of primarily providing regular income to its investors by investing not more than 30% of the funds in equity/ equity related instruments and balance in debt and money market instruments with low to medium risk profile. The scheme caters to the investment needs of Charitable, Religious and Educational Trust as well as Registered Societies.