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UTI Dividend Yield Fund declares tax free dividend of 5%

admin — Thu, 26 May 2011 09:30:10 +0000

UTI Dividend Yield Fund declares tax-free dividend of 5%

UTI Dividend Yield Fund declares tax-free dividend of 5% (Re.0.50 per unit on face value of Rs.10). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.

The record date for the dividend is 30^th May, 2011.

All unitholders registered under the dividend option of UTI Dividend Yield Fund as on 30^th May, 2011 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.

The NAV per unit as on May 24, 2011 was Rs. 14.34 under the Income (dividend) option.

The scheme performance vis – a – vis its benchmark index is as per table given below:

Fund Performance (Growth Option) as on April 30, 2011 Performance Comparison with Benchmark Index
Compounded Annualised Returns	NAV	BSE 100
One year	14.03%	6.53%
Three years	16.01%	2.79%
Five Years	16.56%	9.82%
Since Inception (3^rd May ‘05)	22.14%	20.02%
Assuming that all pay outs during the period have been reinvested in units of the fund at the immediate ex-dividend NAV Past Performance may or may not be sustained in the future

UTI-Dividend Yield Fund is an open-ended equity oriented scheme. The investment objective of the scheme is to provide medium to long-term capital gains and / or dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield. Dividend Yield may be considered as high if it is greater than the dividend yield of the Nifty last released/ published by NSE.

Ms Swati Kulkarni is the fund manager of the scheme.

About UTI Mutual Fund

UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

UTI Mutual Fund had investor accounts of 9.88 million under its 82 domestic schemes as on March 31, 2011. The Average Assets Under Management (AAUM) for the quarter of January – March 2011 of UTI Mutual Fund was Rs. 67,188.82 crore (source: AMFI website).

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May 25, 2011

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ICSA India Ltd. FY 11 income from operations up by 13.45 %

Aadarsa — Sat, 21 May 2011 05:04:56 +0000

Hyderabad, May 20th, 2011: Hyderabad based ICSA (India) Ltd, (BSE: 531524), provider of embedded technology solutions and infrastructure deployment services for the power sector, is pleased to announce its audited financial results for the period ended March 31, 2011.
Income from operation for FY 11 stood at Rs 1403.88 Cr as against Rs 1237.45 Cr for FY 10 showing an increase of 13.45 %
The Profit after Tax (PAT) for FY 11 is up by 3.11 % to Rs125.63 Cr as against Rs 121.85 Cr for FY 10.
Basic EPS for FY 11 is up by 2.20 % to Rs 26.44 as compared to Rs 25.87 for FY 10
The board has also declared a dividend of Rs 1.80 (90 %) for FY 11 as against Rs 1.60 (80 %) for FY 10, up by 12.5 %.
The results for the Q4 FY11 show that the Income from operation stood at Rs 406.08 Cr as against Rs 365.21 Cr for Q3 FY 11 showing an increase of 11.19 %. Similarly, Income from operation increased 35.17 % to Rs 406.08 Cr as against Rs 300.42 Cr for the corresponding period last year.
Profit After Tax (PAT) stood at Rs 33.02 Cr for Q4 FY11 as against Rs 31.59 Cr for the Q3 FY 11 showing an increase of 4.55 %. Similarly Profit After Tax increased 21.79 % to Rs 33.02 Cr as against Rs 27.12 Cr for the corresponding period last year.
Commenting on the results, Mr. G Bala Reddy, CMD, ICSA India Ltd said,” we are pleased to note that ICSA India Ltd. has come out with good numbers in FY 10-11. We will continue to emphasize more on strategy with discipline in execution which will help us to strengthen our services nationally while maintaining profitability. We promise to continue delivering maximum value to the growth of all our clients and stakeholders”
About ICSA (India) Ltd:

ICSA (India) Ltd is in the business of providing technology solutions to power utilities. It also deploys infrastructure in distribution and transmission sectors for different state utilities. The company\’s product line includes: Intelligent Automatic Meter Reading System, Multiplexer Unit, Distribution Transformer Monitoring System, Substation Controller, Micro Remote Terminal Unit, Theft Detection Devices, Pole Top RTU and SCADA solutions.
The company has developed products suitable for power utilities in the field of Energy Management, Energy Audit, and Control applications and provides versatile Data Acquisition Systems using GSM, CDMA, and RF.

UTI Dividend Yield Fund declares tax-free dividend of 7%

admin — Sun, 19 Dec 2010 09:10:44 +0000

UTI Dividend Yield Fund declares tax-free dividend of 7% (Re.0.70 per unit on face value of Rs.10). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.

The record date for the dividend is December 21, 2010. Ms Swati Kulkarni is the fund manager of the scheme.

The record date for the dividend is December 21, 2010.

All unitholders registered under the dividend option of UTI Dividend Yield Fund as on December 21, 2010 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.

The NAV per unit as on December 15, 2010 was Rs. 15.94 under the dividend option.

The scheme has outperformed its benchmark index as per table given below:

Fund Performance as on December 10, 2010 Performance Comparison with Benchmark Index
Compounded Annualised Returns	NAV	BSE 100
One year	22.93%	12.05%
Three years	9.37%	-1.91%
Five Years	21.44%	16.33%
Since Inception	23.74%	20.37%
Assuming that all pay outs during the period have been reinvested in units of the fund at the immediate ex-dividend NAV Past Performance may or may not be sustained in the future

UTI-Dividend Yield Fund is an open-ended equity oriented scheme. The investment objective of the scheme is to provide medium to long-term capital gains and / or dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield. Dividend Yield is considered as high if it is greater than the dividend yield of the Nifty last released/ published by NSE.

Ms Swati Kulkarni is the fund manager of the scheme.

About UTI Mutual Fund

UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

UTI Mutual Fund has assets under management (average) of Rs.67617.72 crore and investor accounts of around1 crore under its 80 domestic schemes (as of September 30, 2010).

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