Recent Dividend Announcements from Mutual Fund Houses

Taurus MF declares dividend under “Taurus Dynamic Income Fund”

Taurus Mutual Fund has declared 100 per cent distributable surplus as dividend under dividend payout option of scheme named as “Taurus Dynamic Income Fund” on the face value of Rs 10 per unit. The record date for the dividend is June 21. The NAV of scheme as on June 14, 2013 was at Rs 10.7133. The investment objective of the open ended equity scheme is to generate optimal returns with high liquidity through active management of the portfolio by investing in Debt and Money Market Instruments. The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index and Rahul Pal is the fund manager of the scheme.

UTI MF declares dividend under “UTI Dividend Yield Fund - Direct Plan”

UTI Mutual Fund has declared 5.0000 per cent as dividend under dividend payout option of scheme named as “UTI Dividend Yield Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is June 19. The NAV of scheme as on June 14, 2013 was at Rs 13.1281. The investment objective of the open ended equity diversified scheme is to provide medium to long term capital gains and/or dividend distribution by investing predominantly in equity and equity related instruments which offer high dividend yield. The performance of the scheme is benchmarked against BSE 100 Index and Swati Kulkarni is the fund manager of the scheme.