UTI Banking Sector Fund declares dividend of 25%

UTI Banking Sector Fund declares tax-free dividend of 25% (Rs. 2.50 per unit on face value of Rs.10/) under dividend option-existing plan and dividend option-direct plan. The record date for the dividend is August 10, 2016. All unit holders registered under the dividend option-existing plan and dividend option-direct plan of UTI Banking Sector Fund as on the record date will be eligible for this dividend. The NAV of UTI Banking Sector Fund on August 4, 2016 under dividend option-existing plan was Rs.30.6027 and dividend option-direct plan was Rs.31.7671. Lalit Nambiar is the fund manager of the scheme.