UTI-MNC Fund declares 30 per cent dividend

Mumbai, May 22 (UNI) UTI-MNC Fund today declared a dividend of 30 per cent to its shareholders.

Unit holders, registered under the dividend option of UTI-MNC Fund as on May 25, will be eligible to receive the dividend, a company release said here.

UTI-MNC Fund was launched in 1998 and mainly invests in equities and equity-related instruments of multi-national corporations and other liquid stocks.

The Fund, registered under Security and Exchange Board of India (SEBI), is sponsored by State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

UTI GSF-Brand Value Fund had recently merged with UTI-MNC Fund, which came into effect from April 13.

UNI