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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