UTI Mutual Fund has announced 5.4024 per cent dividend under dividend payout option of scheme named as “UTI Regular Savings Fund - Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend was July 16. The latest NAV of the scheme is Rs 37.18.

The investment objective of the open-ended Debt - Hybrid scheme is to make periodic income distribution to unitholders through investments in fixed income securities and equity & equity related instruments.

The performance of the scheme was benchmarked against CRISIL Short Term Debt Hybrid 75+25 Fund Index. Amandeep Singh Chopra is the fund manager of the scheme.