UTI Bluechip Flexicap Fund declares tax-free dividend

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newznew (Chandigarh) :  Bluechip Flexicap Fund declares tax-free dividend of 15% (Re.1.50 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan. Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout.

The record date for the dividend is March 6, 2017

All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Bluechip Flexicap Fund  as on the record date will be eligible for this dividend. Also investors who join the dividend option-existing plan and dividend option-direct plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.

The NAV of UTI Bluechip Flexicap Fund on February 28, 2017 under dividend option-existing plan was Rs.22.4935 and under dividend option-direct plan was Rs.22.7889.

UTI Bluechip Flexicap Fund is an open-ended equity oriented scheme. The investment objective of the scheme is to achieve long term capital appreciation and/or dividend distribution by investing in stocks that are “Leaders” in their respective industries/sectors/sub-sectors. “Leaders” tend to be companies with higher market shares, better operating efficiencies, better access to capital and significant/sustainable competitive advantages. Normally at least 65% of the investments will be restricted to the top five leading companies of an industry/sector/sub-sector in terms of sales turnover/market share/market capitalization.

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