UTI Long Term Advantage Fund- Series III declares tax-free dividend of 15% (Re.1.50 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 and statutory levy (if applicable).
The record date for the dividend is January 11, 2018.
The NAV of UTI Long Term Advantage Fund- Series III on January 5. 2018 under dividend option-regular plan was Rs.15.6307 and under dividend option-direct plan was Rs.16.2135.
UTI Long Term Advantage Fund- Series III is a 10 year close-ended equity linked savings scheme. Investment Objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity related instruments of companies alongwith income tax benefit. However there can be no assurance that the investment objective of the schemes will be realized.
Mr Lalit Nambiar is the fund manager of the scheme.