UTI Infrastructure Fund and UTI Top 100 Fund Declares Tax-free Dividend

UTI Infrastructure Fund declares tax-free dividend of 10% (Rs.1.00 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.

UTI Top 100 Fund declares tax-free dividend of 25% (Rs.2.50 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 27, 2017.

All unit holders registered under the dividend option-existing plan and dividend option - direct plan of UTI Infrastructure 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 Infrastructure Fund on March 21, 2017 under dividend option-existing plan was Rs.26.0125 and under dividend option - direct plan was Rs. 26.4933.

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UTI Infrastructure Fund is an open ended equity scheme which aims to provide income distribution and/or medium to long term capital appreciation by investing predominantly in equity and equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian Economy. However, there is no assurance that the investment objective of the scheme will be achieved.

Mr. Sanjay Dongre is the fund manager of the UTI Infrastructure Fund scheme.

UTI Top 100 Fund is an open ended equity scheme which aims to provide long term capital appreciation / dividend distribution by investing predominantly in equity and equity related instruments of top 100 stocks by market capitalization. There can be no assurance that the investment objective of the scheme will be realized. The NAV of UTI Top 100 Fund on March 21, 2017 under dividend option-existing plan was Rs. 34.1463 and under dividend option-direct plan was Rs. 34.7612.

Ms. Swati Kulkarni is the fund manager of the UTI Top 100 Fund scheme.

About UTI Mutual Fund

UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of   Baroda and Life Insurance Corporation of India.

UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of over 1 crore under its 219 domestic schemes / plans as on December 31, 2016.