How is UTI Dividend Yield Fund?
Whereas, Category returns for the same time duration are: 42.97\% (1yr), 18.21\% (3yr) and 15.11\% (5yr). 3. The UTI Dividend Yield Fund – Regular Plan currently holds Assets under Management worth of Rs 3166.15 crore as on Oct 31, 2021….Basic Details.
| Fund House | UTI Mutual Fund |
|---|---|
| Risk Grade | — |
| Return Grade | — |
| Turnover | 11.0\% |
Is UTI Mutual Fund Safe?
UTI Equity Fund is an average performer in the multi cap category. You may continue with the scheme if you have a moderate risk profile. Though you should always invest in equity mutual fund schemes with a long-term horizon, you should always keep track of their performance.
Is dividend from UTI taxable?
UTI Mutual Fund today declared tax-free dividend of 5 per cent for its scheme UTI Dividend Yield Fund. NEW DELHI: UTI Mutual Fund today declared tax-free dividend of 5 per cent for its scheme UTI Dividend Yield Fund.
What is Dividend Yield Fund?
Dividend yield funds are a type of mutual funds that invest mostly in companies that have the potential to provide regular dividend payout. As per the norms of the Securities and Exchange Board of India (SEBI), a dividend yield fund invests at least 65\% of its portfolio in dividend-yielding instruments.
Who owns UTI Mutual Fund?
State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank are the sponsors of UTI Mutual Fund. T Rowe Price Group Inc (TRP Group) through its wholly owned subsidiary T Rowe Price International Ltd. (TRP) has acquired a 26\% stake in UTI Asset Management Company Limited (UTI AMC).
How do I withdraw money from UTI Mutual Fund?
In case the User desires to redeem, he/she has to approach his/her depository participant and submit necessary form/s. As an alternative, redemption request can be placed through depository participants & Exchanges specified intermediaries where NSE MFSS/ BSE STAR platform is available for trading of mutual fund units.
Can I withdraw money from Mutual Fund anytime?
The majority of mutual funds are liquid investments, which means they can be withdrawn at any time. Some funds, on the other hand, have a lock-in term. The Equity Linked Savings Scheme (ELSS), which has a 3-year maturity period, is one such scheme.
Who Should invest in Multi-Asset Fund?
Investing in multi-asset allocation mutual funds is suitable for those investors who are not willing to assume higher levels of risk and are looking to earn stable and consistent returns on their investments. You may consider investing in these funds if you have an investment horizon longer than three years.
How does dividend mutual funds work?
Dividend mutual funds are mutual funds that invest in stocks that pay dividends. You can then reinvest the dividends into more shares of the funds. Or, you can use the money as an income stream. A DRIP plan enables you to reinvest dividends to buy more of the same stock.