Wednesday, Apr 24 2024 | Time 15:20 Hrs(IST)
image
Business EconomyPosted at: Oct 17 2016 6:46PM


UTI-MNC Fund declares tax-free dividend of 35 pc

New Delhi, Oct 17 (UNI) UTI MNC Fund today declared tax-free dividend of 35 per cent (Rs 3.50 per unit on face value of Rs 10) under dividend option-existing plan and dividend option –direct plan.
Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout.
The record date for the dividend is October 20, 2016. All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI MNC Fund as on the record date will be eligible for this dividend.
According to UTI announcement, the NAV of UTI MNC Fund on October 14, 2016 under dividend option-existing plan was Rs.91.3216 and under dividend option-direct plan was Rs 94.3090. .
UTI-MNC Fund is an open-ended equity scheme, which was launched in April 1998. The funds collected under the scheme shall be invested predominantly in stocks of Multinational Corporations (MNC) and other liquid stocks. The funds collected under the scheme shall be invested in equities and equity-related instruments.
The risk profile of the investment could be high 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. UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of over 1 crore under its 216 domestic schemes/plans as on September 30, 2016.
UNI ADP AE RJ GC1845
Please log in to get detailed story.
Tags: #UTI-MNC Fund declares tax-free dividend of 35 pc
More News
SBI Card launches SBI Card MILES for Travel enthusiast

SBI Card launches SBI Card MILES for Travel enthusiast

24 Apr 2024 | 12:39 PM

Mumbai, April 24 (UNI) SBI Card, India’s largest pure-play credit card issuer, has launched three variants of its first travel-focused core credit card, ‘SBI Card MILES’.

see more..
Sensex up over 200 points

Sensex up over 200 points

24 Apr 2024 | 10:39 AM

Mumbai, April 24 (UNI) The BSE Sensex remained firm for the fourth straight session on Wednesday, surging 261 points at 74,000 in opening session as buying was seen across board amid positive Asian Market.

see more..
Rupee up 6 paise against USD

Rupee up 6 paise against USD

24 Apr 2024 | 10:32 AM

Mumbai, Apr 24 (UNI) The rupee remained strong on Wednesday, advancing 6 paise to 83.28 against the opening session on selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.

see more..

USD, Yen down; Pound, Euro up

24 Apr 2024 | 10:15 AM

Mumbai, Apr 24 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..

High taxation and extreme regulations undermine legal cigarette industry in India

23 Apr 2024 | 7:48 PM

Hyderabad, April 23 (UNI) The high taxation and extreme regulations have resulted the share of legal cigarettes in total tobacco consumption in the country has shrunk by 37 per cent to a mere 9 per cent at the present from 21 per cent in 1981-82, according to the Tobacco Institute of India (TII).

see more..
image