UTI MF Skips Dividend

I am sorry to report that UTI Mutual Fund has failed to declare dividend for its Master Plus and Software Funds after December 2006 and Master Value Fund after March 2006. Can you please take up the matter with UTI on behalf of the general public? I await your kind and positive feedback.
HM Nagdev, 104/114 P D’Mello Road, Mumbai 400 009

We wrote to UTI MF for its feedback and received this...

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I remember the work done by Sucheta Dalal in 1992 regarding the Harshad Mehta scam and thought I should draw your attention to the ONGC case. In 2004, Department of Disinvestment came out with a public issue of ONGC shares held by the Government of India. MCS were the registrars. There was a mess up in the issue and there was a huge problem about wrong allotment of shares.  My son Kunal Kapil...

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I have written to SEBI and Franklin Templeton to convert my SIP to ‘direct’ mode. But Franklin Templeton still charges 2.25% entry load. Their tactics are as follows. We were asked to submit fresh proofs and letters and even cancel the existing SIP even though other mutual funds were willing to convert on submitting a simple letter. Franklin Templeton’s official rudely indicated that while...

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