Tuesday, October 21, 2008

UTI Mastershare Declaring dividends year after year even in this bearish market as well !

UTI Mastershare Lambi race ka goda !

UTI's Mastershare has been in the market for now over more then two decades.
It has declared dividend every year since its launch in 1986.

I thought this year it will be difficult to declare dividend when there is liquidity crunch but again they have announced a dividend of 22% (Re.2.20 per unit on a face value of Rs.10/-). The record date for the dividend is October 23, 2008.
The scheme has also rewarded its investors with 3 bonuses and 2 rights during its existance.

Ms Swati Kulkarni, fund manager of the scheme said, “UTI Mastershare has a 22 year acquaintance with its investors. The scheme has consistently declared dividends year after year since its launch in 1986, irrespective of the market phases. UTI Mastershare, a large cap oriented fund, that invests, in a well diversified portfolio of fundamentally strong companies. The scheme is trusted by over 6 lakh investors and has a fund size of Rs.1689 crore”

I would recommend this Fund for the people who want regular yearly income through tax free dividends. The last five year returns is above 15% compounded annually this is when the markets are at sub 11k levels.

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