UTI announces a dividend of 10% under Mastershare 86, a closed-end equity scheme. The dividend shall be distributed to all unit holders whose names appear in the books as on 12th October 2002. The books would remain closed from 12th to 15th October 2002.
The NAV of the scheme as on 19th September 2002 is Rs.11.28 per unit. Mastershare, launched in October 1986, has given an annualised return of 17.89% since launch (adjusted for all dividends, bonus and rights). The scheme has a 16-year track record of uninterrupted dividends. It has also given 3 bonuses and 2 rights.