UTI MNC Fund declares tax-free dividend of 35% (Rs. 3.50 a 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.

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.

The NAV of UTI MNC Fund on Oct. 20, 2015 under dividend option-existing plan was Rs.91.9791 and under dividend option-direct plan was Rs.94.0018.

The record date for the dividend is Oct. 26, 2015. UTI-MNC Fund is an open-ended equity scheme, which was launched in April 1998.

Swati Kulkarni is the fund manager of the scheme.