UTI MNC Fund declares dividend

(Gross Distributable Amount - 35%)

UTI MNC Fund declares dividend (gross distributable amount) of 35% (Rs. 3.50 per unit on face value of Rs.10) under dividend option-regular plan and dividend option–direct plan.

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

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

The record date for the dividend is February 6, 2020. 

All unit holders registered under the dividend option-regular plan and dividend option-direct plan of UTI MNC Fund as on the record date will be eligible for this dividend.

The NAV of UTI MNC Fund on February 4, 2020 under dividend option-regular plan was Rs.108.9179 and under dividend option-direct plan was Rs.116.0801.

UTI MNC Fund is an open-ended equity scheme, which was launched in April 1998. The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of multinational companies.

Ms. Swati Kulkarni is the fund manager of the scheme.

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.

Mumbai

February 5, 2020