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UTI Mutual Fund today declared tax-free dividend of 10 percent for its scheme UTI Master Value Fund.
The record date for the dividend is August 4, the company said in a statement.
All unit-holders registered under the dividend options of the scheme as on August 4 would be eligible for the payout.
As on July 29, the NAV per unit of the fund was Rs 23.52 under the dividend options.
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.
As of June 30, UTI MF manages average assets of Rs 69,105 crore.
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