Stocks

UTI Top 100 Fund to pay 15%

Our Bureau Chennai | Updated on September 20, 2013

UTI Top 100 Fund had declared a dividend of 15 per cent (face value Rs 10) under the dividend option — existing plan and dividend option — direct plan. The record date is September 25.

Unit holders whose names are registered under the dividend option — existing plan and dividend option — direct plan on that date would be eligible for the dividend payout.

The NAV of UTI Top 100 Fund as on September 19 under the dividend option — existing plan was Rs 24.4032 and under the dividend option — direct plan was Rs 24.4585.

Swati Kulkarni, Fund Manager of UTI Top 100 Fund, said: “The scheme invests 65 per cent of its assets in the top 100 companies by market capitalisation and the balance in those companies which have attractive growth prospects and potential to outperform the broad market indices.”

Published on September 20, 2013

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