UTI-Infrastructure Fund declares tax-free dividend of 15% (Rs.1.50 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the fund would fall to the extent of payout and statutory levy if any.
The record date for the dividend is July 31, 2009
All unitholders registered under the dividend option of UTI-Infrastructure Fund as on July 31, 2009 will be eligible for this dividend. Also investors who join the dividend option of the fund on or before the record date will be eligible for the dividend.
The NAV per unit as on July 24, 2009 was Rs.19.44 under the dividend option.
UTI-Infrastructure Fund was launched in March 2004 as an open-end equity fund. The investment objective of UTI-Infrastructure Fund is to provide investors the benefits of capital appreciation and income distribution by investing in companies engaged in the sectors like Metals, Building Materials, Oil & Gas, Power, Chemicals, Engineering etc. The fund invests in stocks of the companies, which form the part of Infrastructure Industries.
Shri Sanjay Dongre, fund manager of UTI-Infrastructure Fund said, "The fund’s endeavour is to pick sectors, which are expected to perform better and select fundamentally strong companies in those sectors. The fund’s performance is linked to the overall economic growth of the country as the sectors in which the fund invests are directly linked to the GDP growth of India.”
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
UTI Mutual Fund has assets under management (average) of Rs.67978.18 crore and investor accounts of over 9.70 million under its 78 domestic schemes (as of June 30, 2009).
