Friday, Mar 29 2024 | Time 07:40 Hrs(IST)
image
Business Economy


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
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image