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10-26-09 3:48 AM EDT | E-mail Article

MUMBAI -(Dow Jones)- UTI Mutual Fund said Monday its diversified equity scheme, UTI Mastershare, has declared a tax-free dividend of 27%, or INR2.70 a unit.

The record date for the dividend is Oct. 30, the fund house said in a statement, adding that this is the scheme's 23rd consecutive dividend since its launch in September 1986.

The scheme has a fund size of INR22.38 billion, UTI said.

-By Shikhar Balwani, Dow Jones Newswires; +91 22 6145 6123; shikhar.balwani@ dowjones.com


  (END) Dow Jones Newswires
  10-26-090348ET
  Copyright (c) 2009 Dow Jones & Company, Inc.
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