UTI- MNC Fund declares tax-free dividend of 35%

UTI- MNC Fund declares tax-free dividend of 35%

UTI MNC Fund declares tax-free dividend of 35% (Rs. 3.50  per unit on face value of Rs.10/) under dividend option-existing plan and dividend option –direct plan. Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout.

The record date for the dividend is October 26, 2015. 

All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI MNC Fund as on the record date will be eligible for this dividend.

The NAV of UTI MNC Fund on October 20, 2015 under dividend option-existing plan was Rs.91.9791 and under dividend option-direct plan was Rs.94.0018.

UTI-MNC Fund is an open-ended equity scheme, which was launched in April 1998. The funds collected under the scheme shall be invested predominantly in stocks of Multinational Corporations (MNC) and other liquid stocks. The funds collected under the scheme shall be invested in equities and equity related instruments. The risk profile of the investment could be high

 

Swati Kulkarni, Executive VP & Fund Manager, UTI MF

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 is one of the largest mutual funds in India with investor accounts of 9.91 million under its 177 domestic schemes / plans as on September 30, 2015.

Mumbai

October 21, 2015

Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Phone : 022-66786666. For more information please contact the nearest UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund independent Financial Advisor (IFA) for a copy of Statement of Additional Information, Scheme Information Document and Key Information Memorandum cum Application Form. 

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully

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