UTI Mutual Fund today declared a tax-free dividend of 22 percent for the UTI Mastershare Unit Scheme. 

It is the 25th consecutive dividend declared under the scheme, a press note released here said. 
 
The record date for the proposed dividend is October 31, and all unitholders registered under the dividend options as on October 31, would be eligible for dividend. 
 
As on October 25, the NAV per unit of the scheme was Rs 27.54 under the dividend option. 
 
"The UTI Mastershare Unit Scheme follows a disciplined approach to investments and has maintained a stream of annual dividends by booking profits regularly. The scheme is managed conservatively by investing predominantly in fundamentally strong large cap companies, and maintaining a diversified sector and stock allocation," Equity Fund Manager Swati Kulkarni said in the statement
 
UTI Mastershare Unit Scheme is an open-ended equity-oriented scheme. The investment objective of the scheme is capital appreciation and income distribution through investment in equity and equity-related instruments. 
 
As of September 30, UTI MF manages average assets of Rs 62,579.86 crore.
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Admin October 29, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/10/uti-logo.jpghttps://www.investmentkit.com/articles/wp-content/uploads/2011/10/uti-logo-150x83.jpgAdminMutual Fundscap companies,capital appreciation,consecutive dividend,crore,dividend option,dividends,equity fund,income distribution,investment objective,mf,mutual fund,nav,nbsp,october 31,oriented scheme,profits,related instruments,stock allocation,unit scheme,uti mastershareUTI Mutual Fund today declared a tax-free dividend of 22 percent for the UTI Mastershare Unit Scheme.  It is the 25th consecutive dividend declared under the scheme, a press note released here said.    The record date for the proposed dividend is October 31, and all unitholders registered under the dividend options...Educating Investors

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