UTI Mastershare Unit Scheme declares Dividend

UTI Mastershare Unit Scheme, India’s first equity oriented scheme declares dividend (gross distributable amount) of 16% (Re.1.60 per unit on face value of Rs.10) under dividend option-regular plan and dividend option –direct plan.

Distribution of above dividends are subject to the availability of distributable surplus as on record date.

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 November 5, 2020. 

All unit holders registered under the dividend option-regular plan and dividend option- direct plan of UTI Mastershare Unit Scheme as on the record date will be eligible for this dividend. Also, investors who join the dividend option -regular plan and dividend option-direct plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.

 The NAV of UTI Mastershare Unit Scheme on October 30, 2020 under dividend option-regular plan was Rs.31.0603 and under dividend option-direct plan was Rs.34.3136.         

UTI Mastershare Unit Scheme, the first diversified equity mutual fund scheme of the country was launched in October 1986 and it has completed 34 years of Wealth Creation.  UTI Mastershare has a track record of 34 years of uninterrupted dividend distribution across all market cycles- be it bearish or bullish. The scheme has also rewarded investors with bonus and rights on many occasions (Past performance may or may not be sustained in future).

This scheme is an open ended equity scheme having a corpus of Rs.6300 crore (as on September 30, 2020) and over 6 lakh investor accounts (as September 30, 2020). The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of large cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

UTI Mastershare Unit Scheme is categorized as Large Cap Fund. The Scheme is currently overweight on Private Sector Banks, IT, Telecom, Consumer Goods and underweight on Metals, Financial Services, Chemicals and Healthcare Services as of September 30, 2020.

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

November 2, 2020