UTI MF Declares Dividend

UTI Mutual Fund has announced the dividend under dividend option of UTI Nifty Index Fund. The record date for the declaration of dividend is 25 March 2008. The quantum of dividend will be at least 90% of distributable surplus available on the record date. The NAV for the scheme under retail plan was recorded at Rs. 28.8328 on 19 March 2008.

UTI Nifty Index Fund is an open-ended passive index fund seeking to invest in stocks of companies comprising S & P CNX Nifty Index and endeavor to achieve return equivalent to Nifty by passive investment.