UTI MEPUS Declares Maiden Dividend

UTI Master Equity Plan Unit Scheme (MEPUS) has declared a maiden dividend of 15 per cent (i.e. Rs.1.50 per unit on face value of Rs.10). The record date for the dividend is December 5, 2003.

MEPUS came into existence in March 2003 as a closed-ended tax-planning equity scheme, as a consequence of merger of five MEP schemes: MEP-93, MEP-94, MEP-95, MEP-96 and MEP-97.