UTI Focussed Equity Fund Series I (1100 days) declares tax-free dividend of 9% (Rs. 0.90 per unit on face value of Rs.10/) under dividend option-regular plan and dividend option direct plan. Pursuant to the payment of dividend, the NAV of the dividend option-regular plan and dividend option-direct plan of the scheme would fall to the extent of payout.
The record date for the dividend is November 7, 2016.
All unit holders registered under the dividend option-regular plan and dividend option- direct plan of UTI focused Equity Fund Series I as on the record date will be eligible for this dividend.
The NAV of UTI Focussed Equity Fund Series I (1100 days) on November 1, 2016 under dividend option-regular plan was Rs.11.7274 and under dividend option-direct plan was Rs.12.1514.
UTI Focussed Equity Fund Series I (1100 days) is a closed ended equity scheme which primarily aims to generate long term capital appreciation by investing predominantly in equity and equity related securities of listed companies. The scheme will without any capitalization bias endeavor to invest in either growth stocks or value stocks or both. The scheme will normally hold up to 30 stocks in the portfolio. The scheme does not guarantee/indicate any returns. There can be no assurance that the schemes objectives will be achieved.
Mr Lalit Nambiar is the fund manager of the scheme.