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100% Dividend in UTI MEP '98 & UTI MEP '99


UTI Mutual Fund has declared a dividend of 100 per cent (Rs.10.00 per unit on the face value of Rs. 10) in two of its closed-end tax-planning equity schemes - UTI Master Equity Plan 1998 (UTI MEP '98) and UTI Master Equity Plan 1999 (UTI MEP '99). This is the first time in the history of UTI Mutual Fund that a dividend of 100 per cent has been declared. The record date for both the dividends is December 10, 2003.

UTI MEP '98 was launched in March 1998 and has given a total return of 15.59 per cent (per annum) as on December 8, 2003.

UTI MEP '99 was launched in January 1999. The scheme had earlier declared dividends of 15 per cent in February 2000, 15 per cent again in October 2000 and 12 per cent in January 2002