UTI Mutual Fund has announced a dividend of 35% i.e. Rs 3.50 per unit on the face value of Rs. 10 under the dividend option of UTI Master Unit Scheme. The record date for the dividend is fixed as 7 November 2007. The NAV of UTI Master Unit Scheme was registered at Rs. 43.10 as on 30 October 2007 UTI Master Unit Scheme is an open-ended growth oriented equity scheme. The scheme aims at securing for the unit holders capital appreciation by investing the funds of the scheme in equity shares, equity-related instruments and fully convertible bonds/debentures of companies.
The scheme charges an entry load of 2.25% for the investment of less than Rs 2 crore. There will not be any entry load for the investment above Rs 2 crore. The scheme charges an exit load of 1.00% for the investment less than Rs 2 crore.The exit load will come down to 0.50% for the investment above Rs 2 crore withdrawn within 180 days from the date of allotment.
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