UTI- Wealth Builder Fund-Series II declares tax-free dividend of 12% (Rs.1.20 per unit on face value of Rs.10/-).
According to reports, pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.
The record date for the dividend is April 29, 2010.
All unit holders registered under the dividend option of UTI- Wealth Builder Fund-Series II as on April 29, 2010 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.
The NAV per unit as on April 23, 2010 was Rs.15.20 under the dividend option.
UTI Wealth Builder Fund-Series II is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market instruments.