The NAV of the fund as on March 22, 2000 was Rs 14.39 (ex-dividend) last month UTI had announced a dividend of Rs 2 per unit under UGS 10000. The record date for the dividend was March 21,2000.

UTI continues to follow a prudent investment strategy and each investment is based on fundamental and technical strengths, said the release. UGS 10000 has invested in a judicious mix of new economy and defensive stocks achieving optimum risk diversification for maximising returns. Even among the ICE stocks, the fund has generally invested in select stocks of profit- making companies with good track record of performance. The fund has avoided start up companies whose share prices have shown high volatility in stock exchanges all over the world.