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Our Bureau

Mangalore, Nov. 28

UTI Mutual Fund has declared dividends in two of its schemes. A press release said here on Tuesday that UTI-Growth Sector Fund-Petro (UTI-GSF-Petro) has declared tax-free dividend of 20 per cent, and UTI Dividend Yield Fund has declared tax-free dividend of 8 per cent.

Pursuant to the payment of dividend, the NAV of the dividend option of the schemes would fall to the extent of payout and statutory levy, if any. The record date for the dividend in both the schemes is December 1. On November 27, NAV of UTI-GSF-Petro was Rs 20.21 and of UTI Dividend Yield Fund was Rs 13.07, under the dividend option.

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