The Hindu Business Line : Dividend spree fron UTI MF

UTI Mutual Fund has announced a flurry of dividends. It has declared dividends of 50 per cent each on UTI Petro Fund and UTI Dynamic Equity and 15 per cent on UTI Software Fund.

The record date for all three is December 27. A dividend of 50 per cent has also been declared on UTI MNC Fund, the record date for which is December 12.

Birla Mutual has declared a dividend of 50 per cent on Birla Advantage Fund.

The record date is December 16. It has also announced a dividend of 70 per cent for Birla Sun Life Frontline Equity, the record date for which is December 27.

DSP Merill Lynch Mutual has declared a dividend of Rs 6 per unit on DSPML Equity Fund. The record date is December 19.

Tata Mutual Fund has declared a dividend of 10 per cent in Tata Dividend Yield Fund. The record date is December 20.

UTI Mutual has declared a bonus in the ratio of one for every five units in UTI Retirement Benefit Pension Fund. The record date is December 23. This is the third bonus declared for this fund.

Taurus Mutual Fund has declared a dividend of 35 per cent for Taurus Libra TaxShield. The record date for dividend is December 23.

Kotak Mutual has announced a dividend of 10 per cent in Kotak 30. The record date is December 27.

HDFC Mutual has fixed December 30 as the record date for dividend declared, if any, in HDFC Growth Fund and HDFC Balanced Fund.

Mr Jayashankar Madhavan, fund manager, Birla Asset Allocation Fund is no longer at Birla Sun Life Mutual Fund.

The different plans under Asset Allocation Fund are now being managed by Mr Sharad Ramnarayanan and Mr Satyabrata Mohanty.

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