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Monday, August 31, 2009

UTI MF Declares Dividend for Banking Sector Fund

Record date for dividend is 4 September 2009

UTI Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of UTI Banking Sector Fund. The record date for dividend has been fixed as 4 September 2009.

The quantum of dividend will be 22% i.e. Rs 2.20 per unit on the face value as on the record date. The NAV of the scheme was at Rs 18.86 per unit as on 27 August 2009.

UTI Banking Sector Fund is an open end equity oriented scheme, which has the investment objective of capital appreciation through investments in the stocks of the companies/institutions engaged in the banking and financial services activities.

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