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Saturday, October 22, 2016

UTI Master Share equity fund marks 3 decades

 

UTI Master Share is an equity fund that preceded the birth of the capital market regulator by nearly six years and the mutual fund regulations by a decade.


India’s first diversified mutual fund scheme, which was launched in October 1986, just completed 30 years in business and is still going strong though it no longer enjoys monopoly like the old days and faces competition from other funds.

The long track record of the fund can be gauged from the fact that if a person would have invested Rs.10 lakh in the scheme in 1986, it would have been worth Rs.6.96 crore as on September 30. Further, despite its age of 30 years, it has been able to generate a compound annual growth rate (CAGR) of more than 15 per cent.

The fund has been quite benevolent in the terms of rights, bonus and dividend payouts as well. According to the fund house, every Rs.10 invested in the scheme has resulted in a dividend of Rs.123 till date.

As on 30th April 2016, UTI Master Share had a corpus of Rs.3,103 crore with more than 5.12 lakh investors.

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