UTI MF announces 25% div for its MNC Fund

UTI Mutual Fund has announced 25 per cent dividend under dividend payout option of scheme named as “UTI MNC Fund” on the face value of Rs 10 per unit.

The record date for the dividend is November 25. The latest NAV of the scheme is Rs 81.05.

The investment objective of the open-ended equity fund scheme is to invest predominantly in the equity shares of multinational companies in diverse sectors such as FMCG, Pharmaceuticals, Engineering etc.

The performance of the scheme is benchmarked against CNX MNC Index. Swati Kulkarni is the fund manager of the scheme.