Business   

UTI MF declares 100 p.c. dividend under two plans

MUMBAI DEC. 9. The UTI Mutual Fund (UTI MF) has declared 100 per cent dividends (or Rs. 10 per unit on face value of Rs. 10) for two of its plans, Master Equity Plan 1998 (MEP-98) and Master Equity Plan 1999 (MEP-99). The company has fixed December 10 as record date for the dividend, UTI MF said in a release here today.

`Excellent performance' is the reason for the declaration of the 100 per cent dividends, which are also tax-free at the hands of investors, it said, adding "this is the first time in the history of UTI Mutual Fund that 100 per cent dividends have been declared".

The net asset value of UTI MEP-98 and UTI MEP-99 stood at Rs. 22.62 and Rs. 33.84, respectively on December 4, it said. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• RBI asks banks to improve risk management
• CMIE revises forecast
• IBA to take up 'Vision 2010' report
• Philips to close down lamp facility
• Reliance MF launches MIP
• Rupee ends higher
• Sensex recovers 98 points
• EGL India operations
• Aviation set for the real take-off: CII
• Nicholas' pact with U.S. firm
• UTI MF declares 100 p.c. dividend under two plans
• Regulatory framework for NGOs and SHGs
• Biological's plans
• Aircel to expand network
• Sanmar group acquires biotech firm
• Chennai Petroleum renames CBR oil jetty
• ISO for Apollo's First Med Hospitals
• ABN Amro launches trade portal
• NLC bags award
• Stock Market Index
• Exchange rates
• Bullion rates
• BECON on Dec. 11
• Eicher demerger move
• Ban on Snowcem

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu