UTI- Wealth Builder Fund declares tax-free dividend of 10% (Rs. 1.00 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 3rd June, 2010.
All unit holders registered under the dividend option of UTI- Wealth Builder Fund as on June 3, 2010 will be eligible for this dividend.
The NAV per unit as on May 27, 2010 was Rs. 13.9100 under the dividend option.
UTI-Wealth Builder Fund is a close-ended equity scheme with a maturity period of 5 years with automatic conversion into an open-ended scheme upon maturity of the scheme.
The objective of the scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments. The scheme invests in equity and equity related instruments to the extent of 65 -100% and 0-35% in debt and money market instruments