UTI GSF Petro Declares Dividend And Bonus

UTI- Growth Sector Fund- Petro (UTI-GSF-Petro) (to be renamed as UTI - Energy Fund shortly as it will add power sector companies and power related companies) under Dividend Option declares dividend of 80% (Rs.8.00 per unit on face value of Rs.10) and under Growth Option declares a bonus in the ratio of 3 units for every 2 units held of face value of Rs.10/- each. Pursuant to the payment of dividend and bonus, the NAV of the dividend option and growth option of the scheme would fall to the extent of payout / bonus units allotted and statutory levy if any. The record date for the dividend and bonus is October 3, 2007. All unitholders registered under the dividend option and growth option of UTI-GSFPetro as on October 3, 2007 will be eligible for this dividend and bonus respectively. Also investors who join the dividend and growth options of the scheme on or before the record date will be eligible for this dividend and bonus respectively.

The NAV per unit as on September 27, 2007 was Rs.21.90 under the dividend option and Rs.31.24 under growth option. UTI GSF- Petro was launched in May 1999 as an open-ended equity scheme. Investment objective of the scheme is to provide investors the benefits of capital appreciation and income distribution through investments in equities and equity related instruments of companies engaged in the area of oil and gas exploration & drilling, refining, petrochemicals, constructing and managing pipelines etc.