Dividend Announced Under UTI Banking Sector Fund

UTI Banking Sector Fund has announced tax-free dividend of 35% (Rs.3.50 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the fund would fall to the extent of payout and statutory levy if any. The record date for the dividend is 23 May 2007.
All unitholders registered under the dividend option of UTI Banking Sector Fund as on 23 May 2007 will be eligible for this dividend. Also investors who join the dividend option of the fund on or before the record date will be eligible for the dividend. The NAV per unit as on 17 May 2007 was Rs 18.80 under the dividend option. UTI Banking Sector Fund, an open-end equity fund, is one of the six funds launched under UTI -Thematic Fund. The investment objective of UTI Banking Sector Fund is to provide investors the benefits of capital appreciation and income distribution by investing in stocks of companies/institutions engaged in the banking and financial services activities.