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UTI Balanced Fund declares dividend

CHENNAI : UTI Balanced Fund has declared a dividend resulting in a gross payout of 21 per cent (Rs. 2.10 per unit on a face value of Rs. 10). This payout includes the applicable income distribution tax. Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of the payout and statutory levy, if any. All unit holders registered under the dividend option of UTI Balanced Fund on the record date, that is, March 22, will be eligible to receive this dividend, says a release.

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