UTI''s MNC Fund declares 30% tax-free dividend, 20% for GSF Services

UTI- MNC Fund, which predominantly invests in multinational companies, declared tax-free dividend 30 per cent (Rs3.00 per unit on face value of Rs10). The dividend for UTI-Growth Sector Fund-Services (UTI-GSF-Services) is 20 per cent (Rs.2.00 per unit on face value of Rs.10). The record date for the dividend is December 24, 2004, and investors who join the two schemes on or before December 24, 2004, will also be eligible for the dividend.

The NAV of the UTI- MNC Fund as on December 3, 2004 was Rs.22.46 (Post dividend distribution, NAV will fall to the extent of the pay out. The scheme has consistently outperformed the benchmark index. The scheme has generated a return of 46.57 per cent during the last one year as compared to the benchmark return of 6.91 percent.

Scheme Performance as on November 30,2004 (NAV-Rs.22.25)
Performance Comparison with Benchmark Index

Compounded Annualised Returns

NAV