Mumbai: UTI Mutual Fund has declared dividend under its UTI Banking Sector Fund. The record date for distribution of dividend is February 3, 2011.
The quantum of dividend decided for distribution is Rs 2.50 per unit on the face value of Rs 10.
UTI Banking Sector Fund is an open ended equity scheme. Its investment objective is capital appreciation through investments in the stocks of the companies / institutions engaged in the banking and financial services activities. The scheme is jointly managed by Anoop Bhaskar and Arun Khurana. It is benchmarked against S&P CNX banks Index.
