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UTI MF declares dividend for RIS

MUMBAI: UTI Mutual Fund has announced 0.55 per cent dividend on its Regular Income Scheme (RIS) units (of Rs. 10 each), resulting in an annualised tax-free return of 6.8 per cent to investors. Investors, whose name occur on books at the close of business on May 30, and have opted for the income option, would be eligible for income distribution, UTI MF said in a release. The net asset value of the scheme as on May 26 stood at Rs. 10.30 per unit under the income option and Rs. 10.56 under the growth option. — PTI

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