News From Press 25 years of pvt sector mutual funds: Dividend was primary option for most schemes in 1993

25 years of pvt sector mutual funds: Dividend was primary option for most schemes in 1993

Source: Economic Times Jul 18, 2018

Six out of nine equity schemes that were launched in or prior to 1993 had ‘dividend’ as their primary option. The six schemes were - UTI Mastershare (launched in 1986), SBI Magnum Equity ESG Fund (launched in 1991), UTI Equity Fund (1992), SBI Large & Mid Cap Fund (1993), Canara Robeco Equity Tax Saver Fund and SBI Magnum TaxGain’93 Fund. These days most equity mutual fund schemes have growth as their primary option.

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