UTI MF declares tax-free dividend of 15 pc on two schemes

MUMBAI: UTI Mutual Fund today declared tax- free dividend of 15 per cent each on two of its schemes -- UTI Transportation and Logistics Fund and UTI Equity Tax Savings Plan.

The record date for the dividend for both the schemes is December 29, the company said in a statement.

All unit-holders registered under the dividend options of both the schemes as on December 29 would be eligible for dividends.

As on December 22, the NAV per unit of UTI Equity Tax was Rs 16.57 while NAV of UTI-Transportation and Logistics was Rs 14.89 under the dividend options.