UTI MNC Fund declares tax-free dividend of 25% (Rs 2.50  per unit on face value of Rs 10) under dividend option-existing plan and dividend option -direct plan. Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout. The record date for the dividend is Nov. 25, 2014. 

All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI MNC Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option -existing plan and dividend option-direct plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.

The NAV of UTI MNC Fund on Nov. 19, 2014 under dividend option-existing plan was Rs 80.4839 and under dividend option-direct plan was Rs 81.5432.        

Swati Kulkarni the fund manager of the scheme said, ''UTI MNC Fund predominantly invests in companies which are forming a part of CNX MNC index and/ or where more than 25% of the holding is by the MNC parent and/ or where Foreign Institutional Investor (FII) / Foreign Direct Investor (FDI) and MNC parent combined holding is more than 50%. The Fund provides investors a diversification opportunity due to its differentiated sector and stock weights.''