UTI Mutual Fund Capital Protection Oriented Scheme Series VI – II has declared the dividend under the dividend payout option of regular and direct plans. The fund house has announced October 05, 2018, as the record date for declaration of dividend under the scheme.
The amount of dividend of the UTI Capital Protection Oriented Scheme Series VI – II (1100 days) fund on the face value of 10 Rupees per unit will be 100 percent of distributable surplus as on the record date.
The closed-end conservative hybrid scheme, which was launched in September 2015 with a fund size of 75.45 Crore Rupees, is benchmarked against CRISIL Hybrid 85+15 Conservative Index.
The NAV of the UTI Capital Protection Oriented Scheme Series VI – II fund as on September 28, 2018, is 12.6445 Rupees, and its AUM is 77.33 Crore Rupees. The expense ratio of the scheme is 2.32 percent.
UTI Mutual Fund has appointed V Srivatsa and Sunil Patil as the fund managers of the UTI Capital Protection Oriented Scheme since September 2015.
Mr. Srivatsa has worked with Ford, Rhodes Parks & Co., Chartered Accountants and Madras Cements Ltd, before joining the UTI AMC. He has B.Com (H), Chartered Accountant, CWA. and PGDM as his educational qualifications.
Mr. Patil has been working with UTI AMC for about 20 years. He has completed M.Com, MFM and CA LLB-I.
The primary investment objective of the UTI Mutual Fund Capital Protection Oriented Scheme is to protect the capital through investments in high quality fixed income instruments. The scheme also aims to generate capital appreciation through investments in equity and equity-related instruments.
The scheme invests a major portion of 70 percent to 100 percent of assets in debt instruments and other securities excluding equity instruments, according to The Economic Times. The scheme also invests 30 percent in equity instruments.
The fund house has announced the dividend declaration of UTI Mutual Fund Capital Protection Oriented Scheme Series VI – II on October 01, 2018, according to KJMC.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]