UTI Master Equity Plan Unit Scheme declares dividend

(Gross Distributable Amount-10%)

UTI Master Equity Plan Unit Scheme (UTI-MEPUS) declares dividend (gross distributable amount) of 10% (Re.1.00 per unit on face value of Rs.10).

Distribution of above dividends are subject to the availability of distributable surplus as on record date. Dividend payout to the investor will be lower to the extent of Dividend Distribution Tax.

Pursuant to the payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (if applicable).

The record date for the dividend is April 11, 2019. 

The NAV of UTI-MEPUS on April 5, 2019  was Rs.110.8423.

UTI-MEPUS came into existence in March 2003 as a closed-ended equity oriented scheme as a consequence of merger of 5 MEP schemes viz. MEP- 93, MEP- 94,MEP-95, MEP-96 and MEP-97. The scheme primarily aims at securing for  the members capital appreciation by investing the funds of the scheme in equity shares and convertible/non-convertible bonds/debentures of companies with good growth prospects and money market instruments.

The Fund Manager of the scheme is  Mr. Sanjay Dongre

About UTI Mutual Fund

UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of   Baroda   and Life Insurance Corporation of India.

UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of over 1 crore under its 195 domestic schemes / plans as on March 31, 2019.

Mumbai

April 8, 2019