UTI Mastershare, the first diversified equity scheme of the country declares a tax-free dividend of 22% (Re.2.20 per unit on a 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 October 23, 2008.
Mumbai, Maharashtra, India, October 22, 2008 (PRESSbooth.ORG) -- All unitholders registered under the dividend option of UTI Mastershare as on October 23, 2008 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.
UTI Mastershare has a track record of consistent dividend distribution for the last 22 years i.e. since its launch in September 1986. In addition, the scheme has also rewarded its investors with 3 bonuses and 2 rights during this period.
The NAV per unit as on October 16, 2008 was Rs.22.06 under the dividend option.
Ms Swati Kulkarni, fund manager of the scheme said, “UTI Mastershare has a 22 year acquaintance with its investors. The scheme has consistently declared dividends year after year since its launch in 1986, irrespective of the market phases. UTI Mastershare, a large cap oriented fund, that invests, in a well diversified portfolio of fundamentally strong companies. The scheme is trusted by over 6 lakh investors and has a fund size of Rs.1689 crore”
UTI Mastershare is an equity-oriented scheme, which aims to provide unitholders the benefits of capital appreciation and income distribution through investment in equity/ equity-related instruments, fully convertible bonds/debenture of companies.
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.44623.19 crore and investor accounts of over 9.50 million under its 97 domestic schemes (as of September 30, 2008).
Statutory Details:
UTI Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Sponsors: The State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India. ( Liability of sponsors limited to Rs. 10,000/-) Trustee: UTI Trustee Co. (P) Ltd. (Incorporated under the Companies Act, 1956) Investment Manager: UTI Asset Management Company Ltd. (Incorporated under the Companies Act, 1956). Risk Factors: All investments in Mutual Funds and securities are subject to market risks and the NAV of funds may go up or down depending on the factors and forces affecting the securities markets. There is no assurance that the Fund’s objectives will be achieved. Past performance of the Sponsor / Mutual Fund / Scheme(s) / AMC is not necessarily an indicative of future results. UTI Mastershare is only the name of the fund/scheme/plan and does not in any manner indicate the quality of the fund/scheme, its future prospects or returns. There may be instances where no Income Distribution could be made. Realisation of all assurances and promises made, if any are subject to the laws of the land as they exist at any relevant point of time. The scheme is subject to risks relating to Credit, Interest rates, Liquidity, Securities Lending, Investment in Overseas markets, Trading in Equity and Debt derivatives (the specific risk could be Credit, Market, Illiquidity, Judgemental Error, Interest Rate Swaps and Forward Rate Agreements). ). For information on general services offered, Entry/Exit load etc please read the Offer Document carefully before investing
Contact:
Corporate Office:
UTI Tower,
‘Gn’ Block, Bandra-Kurla Complex,
Bandra (East),
Mumbai 400 051.
Tel: 6678 6666
Website:www.utimf.com
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