UTI Mastergrowth has declared a dividend of 12 per cent (i.e. Rs.1.20 per unit on a face value of Rs.10). The record date is July 18, 2003.
UTI Mastergrowth has given three dividends in the past - 15 per cent in December 1999, 12 per cent in January 2001 and 11 per cent in December 2001. The scheme was launched in 1993, to provide the investors an opportunity to share the growth of investment in corporate securities particularly those of the public sector undertakings. The scheme invests upto 50% of the corpus in PSU stocks.
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