UTI Mid Cap Fund declares dividend (gross distributable amount) of 40% (Rs.4.00 per unit on face value of Rs.10) under dividend option-regular plan and dividend option –direct plan.
Distribution of above dividends are subject to the availability of distributable surplus as on record date.
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 and statutory levy (if applicable).
The record date for the dividend is March 15,2021.
All unit holders registered under the dividend option-regular plan and dividend option- direct plan of UTI Mid Cap Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option-regular plan and dividend option-direct plan of the scheme on or before the cut off time of the record date and whose names appear in the register of unit holders as on March 15, 2021 will be eligible for the dividend.
The NAV of UTI Mid Cap Fund on March 9, 2021 under dividend option-regular plan was Rs.74.1493 and under dividend option-direct plan was Rs.82.0088. .
UTI Mid Cap Fund is an open ended equity scheme predominantly investing in mid cap stocks. The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.