UTI Masterplus Unit Scheme has declared a tax-free dividend of 20% (Re.2.00 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 December 12, 2012.
All unitholders registered under the dividend option of UTI Masterplus Unit Scheme as on December 12, 2012 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the cut off time of the record date will be eligible for the dividend.
The NAV of UTI Masterplus Unit Scheme under dividend option as on December 5, 2012 was Rs. 65.75 .
UTI Masterplus Unit Scheme was launched in December 1991 as a close-ended equity scheme. The scheme was subsequently made open-ended from October 1998. The objective of the scheme is capital appreciation through investment in equity and equity related instruments.
Sanjay Dongre is the fund manager of the scheme.
