Pursuant to the payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (if applicable).
UTI Master Equity Plan Unit Scheme (UTI-MEPUS) declares dividend (gross distributable amount) of 10% (Re.1.00 per unit on face value of Rs.10).
Distribution of above dividends are subject to the availability of distributable surplus as on record date. Dividend payout to the investor will be lower to the extent of Dividend Distribution Tax.
The record date for the dividend is April 11, 2019.
The NAV of UTI-MEPUS on April 5, 2019 was Rs.110.8423.
UTI-MEPUS came into existence in March 2003 as a closed-ended equity oriented scheme as a consequence of merger of 5 MEP schemes viz. MEP- 93, MEP- 94,MEP-95, MEP-96 and MEP-97. The scheme primarily aims at securing for the members capital appreciation by investing the funds of the scheme in equity shares and convertible/non-convertible bonds/debentures of companies with good growth prospects and money market instruments.
The Fund Manager of the scheme is Mr. Sanjay Dongre