UTI Master Value Fund declares 20% dividend

UTI Asset Management Co. Ltd has announced 20% (Rs 2) dividend on UTI Master Value Fund. The Face Value of the scheme is Rs 10 and NAV as on 5-June-2009 was at Rs 18.31.

The record date has been fixed as June 15, 2009.

All the unitholders of the aforesaid scheme whose names appear in the register of unit holders as at the close of business hours on the record date are entitled for dividend.

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

All investments in mutual funds and securities are subject to market risks and the NAV of the units issued under the scheme may go up or down depending upon the factors and forces affecting the securities markets. There can be no assurance that the scheme objectives will be achieved. Past performance of the Sponsors/Mutual Fund/ Scheme(s)/AMC is not necessarily indicative of future results.

Please read the Scheme Information Document/Offer Document carefully before investing.

Source : Equity Bulls

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