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UTI Mastershare Declares 20th Dividend

UTI Mastershare has declared a 30 per cent dividend. The record date for the dividend is November 10, 2006. So far, the fund has a track record of dividend distribution in each of the 20 years of its existence

UTI Mutual Fund has declared a 30 per cent dividend under UTI Mastershare Fund. The record date for the dividend is November 10, 2006.

UTI Mastershare is the oldest diversified equity fund (launched in October 1986) and it boasts of an impeccable record of dividend distribution in each of the 20 years of its existence so far.

As far as the performance is concerned, it has delivered average annualised returns of 22 per cent since its inception. Over a shorter term of the last five years, it has returned just over 34 per cent. While that may look impressive on a stand-alone basis, but the fund has not been able to match the performance of its peers and ranks in the bottom quartile over the last five years.

But given the conservative nature of the fund which gets reflected in its large-cap bias, coupled with a steady track record of dividend declaration, investors who want dependable dividend income from their equity investment may find this fund worth a consideration.


UTI Mastershare
Date  Dividend (%)
30-Jun-87 8
8-Jul-88 13
5-Jul-89 18
3-Jul-90 18
4-Jul-91 18
1-Jul-92 18
30-Jun-93 18
6-Jul-94 20
5-Jul-95 16
3-Jul-96 16
27-Aug-97 16
26-Aug-98 16
15-Sep-99 16
24-May-00 16
24-Oct-01 10
16-Oct-02 10
26-Sep-03 14
30-Sep-04 20
21-Oct-05 25
10-Nov-06 30