Financial Daily from THE HINDU group of publications
Saturday, Aug 27, 2005
Financial Daily from THE HINDU group of publications Saturday, Aug 27, 2005 |
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Markets
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Mutual Funds UTI Mutual declares dividends on ETSP, Basic Ind schemes Our Bureau
Mangalore , Aug. 26 UTI Mutual Fund has announced tax-free dividends of 40 per cent under the UTI Equity Tax Savings Plan (UTI-ETSP) and 20 per cent under the UTI Basic Industries Fund. A press release by UTI Mutual Fund said here on Friday that the record date for the dividend under both the schemes is September 15. Those investors who join under the dividend option of these schemes on or before September 15 will also be eligible for the dividend. As on August 24, the NAVs under the dividend option of UTI-ETSP and UTI Basic Industries Fund were Rs 21.85 per unit Rs 15.53, respectively, it added.
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