Mumbai, Sept. 14
UTI Growth & Value Fund under its half-yearly dividend plan has declared a tax-free dividend of 15 per cent (Rs 1.50 per unit on face value of Rs10). Pursuant to the payment of dividend, the NAV of the half-yearly dividend plan of the scheme would fall to the extent of payout and statutory levy, an official statement said. The record date for the dividend is September 15.All unit holders registered under the half-yearly dividend plan of UTI Growth & Value Fund as on September 15, will be eligible for this dividend. Also investors who join the said plan on or before the record date will be eligible. The NAV per unit was Rs 15.27 as on September 12, 2006 under the scheme.