UTI Mutual Fund has announced a dividend of 30% (i.e. Rs 3.00 per unit on the face value of Rs. 10) under the dividend option of UTI MNC Fund. The record date for the same has been fixed as May 25, 2007.
This would be the fourth dividend from this fund since its inception and it has been announced after a gap of one year. Earlier in December 2005, a 50% dividend was paid by the fund.