UTI Mutual Fund has approved the declaration of dividend under dividend option of UTI Opportunities Fund. The quantum of declaration will be Rs 0.80 per unit.
The record date is May 2, 2011.
UTI Opportunities Fund launched in July, 2005 has been rated as a 4-star fund in the Equity: Large & Mid-cap category, as on March 31, 2011. The fund is ranked 9th out of 43 funds based on trailing returns as on April 26, 2011. This is the 6th dividend declared by the fund since its launch. Prior to this, it declared a Rs 1.5 per unit dividend in January, 2010.