UTI Master Plus Unit Scheme declares 80% dividend

The record date for the dividend is December 8, 2006. All unitholders registered under the dividend option of UTI Master Plus Unit Scheme as on December 8, 2006 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend. The NAV per unit as on December 1, 2006 was Rs.59.94 under the dividend option.

The scheme has declared dividend for last five consecutive calendar years. During the calendar year 2005 the scheme had declared a dividend of 50%

UTI Master Plus Unit Scheme was launched in December 1991 as a close ended equity scheme. The scheme was subsequently made open-ended from October 1998. The objective of the scheme is capital appreciation through investment in equity and equity related instruments.

Sanjay Dongre, fund manager of UTI Master Plus Unit Scheme said, "The scheme aims to focus on high growth stocks of BSE 100 index which have potential to emerge as industry leaders in medium term. The portfolio of the scheme is a blend of industry leaders and emerging industry leaders. The scheme is trusted by over 4 lakh investors."

Over the last one year, UTI Master Plus has yielded 59.4% as compared to 58.1% given by its benchmark BSE Sensex as on December 5, 2006.

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