UTI Mastershare declares 35% dividend

Updated: Wed, Oct 11, 2017
05:39 pm
PTI
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UTI Mastershare Unit Scheme, country's first open-ended equity mutual fund has declared tax-free dividend of 35 per cent (Rs 3.50 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 October 16, a company statement said.

The NAV of the scheme, which is a large-cap focused fund, on October 10 under dividend option-existing plan was Rs 34.9446 and under dividend option-direct plan was Rs 35.9274.

This scheme is having a corpus of Rs 4,516 crore and 5.40 lakh investor accounts as on end-September.

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