UTI Mastershare Unit Scheme declares tax-free dividend of 28% (Re.2.80 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan. The record date for the dividend is November 16, 2015, as stated in the press release issued by the company.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Mastershare Unit Scheme as on the record date will be eligible for this dividend. Also investors who join the dividend option -existing plan and dividend option-direct plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.
The NAV of UTI Mastershare Unit Scheme on November 10, 2015 under dividend option-existing plan was Rs.33.3429 and under dividend option-direct plan was Rs.33.7762. .
UTI Mastershare Unit Scheme is the first diversified equity mutual fund scheme of the country. The scheme has been in existence for the past 29 years and has more than 5 lakh investors.
Swati Kulkarni is the fund manager of the scheme.
