UTI Mutual Fund has approved the declaration of dividend under dividend option of UTI Banking Sector Fund. The quantum of declaration will be Rs 2.50 per unit.
The record date is May 9, 2011.
UTI Banking Sector Fund was launched in April 2004. This is the 6th dividend declared by the fund since its launch. Prior to this, it declared a dividend of the same quantum in February, 2011.