Monday, July 27, 2009

UTI Mutual Fund Declares Dividend For Transportation Fund - July 27, 2009

UTI Mutual Fund has declared dividend under dividend option of UTI - Infrastructure Fund. The record date of dividend is set as July 31, 2009. The quantum of dividend will be 15% i.e. Rs 1.50 per unit on the record date on face value of Rs 10 per unit. The NAV of the scheme was recorded at Rs 19.2000 per unit as on July 23, 2009.

UTI Infrastructure Fund is an open-ended equity scheme with an investment objective to provide capital appreciation by investing in the companies engaged in the sectors like metals, building materials, oil and gas, power, chemicals, engineering etc.

The fund will invest in the companies' stocks which form the part if infrastructure industries.

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