Hi,
I have purchased UTI – Money Market Fund (Instn Weekly Dividend – Direct) on 3rd Dec 2014 before 2PM. Amount is 4lakhs. But, the purchase transaction processed on Previous day NAV (2nd Dec 2014) Rs 1015.95 .Is this correct.?
If this is correct, On same Previous day(2nd Dec 2014), there is a dividend announcement on this scheme. Then am i eligible for this divided because my investment 4 lakhs rupees blindly came down to Rs 3,99,441.58.This is because of dividend announcement. Will I get my dividend? If dividend is not applicable, where is my money Rs 558.42 went? Is it with UTI mutual fund?
Let me know if this right forum to ask this question.If not, Could you please help me where to contact.
Regards
Mayur.