UTI-SPrEAD Fund declares tax-free dividend of 6% (Rs.0.60 per unit on face value of Rs.10/-). 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 May 18, 2010.
All unit holders registered under the dividend option of UTI-SPrEAD Fund as on May 18, 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 May 12, 2010 was Rs. 11.6493 under the dividend option.
UTI-SPrEAD Fund is an open-ended equity fund investing in a mix of equity, equity derivatives, debt and money market instruments.