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Journalism of Courage
UTI Mutual Fund today declared tax-free dividend of 10 percent for its scheme UTI Master Value Fund.
The record date for the dividend is August 4,the company said in a statement.
All unit-holders registered under the dividend options of the scheme as on August 4 would be eligible for the payout.
As on July 29,the NAV per unit of the fund was Rs 23.52 under the dividend options.
UTI Master Value Fund is an open-ended equity oriented value fund. The investment objective of the scheme is capital appreciation through investment in stocks that are relatively undervalued to their expected long-term earnings growth.
As of June 30,UTI MF manages average assets of Rs 69,105 crore.
