UTI – Master Value Fund declares tax-free dividend of 22.5% (Rs. 2.25 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy (if applicable).
The record date for the dividend is June 16, 2010.
All unitholders registered under the dividend option of UTI – Master Value Fund as on June 16, 2010 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 June 10, 2010 was Rs.23.69 under the dividend option.
The scheme has declared dividend at regular intervals.
During the last one year the scheme has given a return of 45.99% against its benchmark BSE 200 of 15.47%. The performance of the scheme is given below. :
| Fund Performance as on June 7, 2010 Performance Comparison with Benchmark Index | ||
| Compounded Annualised Returns | NAV | BSE 200 |
| One year | 45.99% | 15.47% |
| Three years | 15.04% | 7.23% |
| Five years | 17.88% | 18.87% |
| Since Inception | 23.31% | 17.15% |
| Assuming that all pay outs during the period have been reinvested in units of the fund at the immediate ex-dividend NAV Past Performance may or may not be sustained in the future | ||
UTI Master Value Fund is an open-ended equity oriented value fund. The investment objective of the scheme is ‘capital appreciation’ through investment in stocks that are relatively undervalued to their expected long-term earnings growth. The fund will utilize in-depth fundamental research to evaluate factors such as a company’s financial structure, its competitive position in the market and its management’s commitment to increasing shareholder value while selecting the universe of stocks for investment by this fund.
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The scheme looks to invest upto 80% of the net assets in the scrips having any one or more of the following characteristics at the time of acquisition:
a) Low P/E ratio (PE ratio lower than the market PE or the sector PE) OR
b) Attractive dividend yield OR
c) Low price to book value ratio OR
d) Companies with positive Economic Value Added (EVA)
Upto 20% of net assets can be invested in equity / equity related instruments issued by blue chip companies with a potential for consistent growth and with management of high quality and track record.
Mr. Anoop Bhaskar is the Fund Manager of the Scheme.
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
UTI Mutual Fund has assets under management (average) of Rs.78617.15 crore and investor accounts of 1 crore under its 74 domestic schemes (as of May 31, 2010).
Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Tel: 6678 6666 Statutory Details: UTI Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Sponsors: The State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India. (Liability of sponsors limited to Rs. 10,000/-) Trustee: UTI Trustee Co. (P) Ltd. (Incorporated under the Companies Act, 1956) Investment Manager: UTI Asset Management Company Ltd. (Incorporated under the Companies Act, 1956). Risk Factors: All investments in Mutual Funds and securities are subject to market risks and the NAV of the units issued under the scheme may go up or down depending on the factors and forces affecting the securities markets. There is no assurance that the Fund’s objectives will be achieved. Past performance of the Sponsor / Mutual Fund / Scheme(s) / AMC is not necessarily an indicative of future results. UTI Master Value Fund is only the name of the fund/scheme/plan and does not in any manner indicate the quality of the fund/scheme, its future prospects or returns. There may be instances where no Income Distribution could be made. The mutual fund does not guarantee or assure any dividend under the scheme and the same is subject to availability of distributable surplus. Realisation of all assurances and promises made, if any are subject to the laws of the land as they exist at any relevant point of time. The scheme is subject to risks relating to Credit, Interest rates, Liquidity, Securities Lending, Investment in Overseas markets, Trading in Equity and Debt derivatives (the specific risk could be Credit, Market, Illiquidity, reinvestment risk, Judgemental error, Interest Rate Swaps and Forward Rate Agreements). Please contact the nearest UTI Financial Centre, Chief Representative or AMFI certified UTI Agent for a copy of the Key Information Memorandum cum Application Form and Scheme Information Document / Offer Document. For information on general services offered, Entry/Exit load etc please read the Scheme Information Document carefully before investing