Fund News

UTI declares 1:3 Bonus under Service Sector Fund

UTI has declared 1:3 bonus units under its Growth Sector Fund - Service Sector i.e. 1 bonus unit for every 3 units held in the Fund. The record date for the bonus is August 5, 2002.

Launched in June 1999, the fund is dedicated to investment in stocks of the Services sector which includes Banking, Education, Training, Telecom services, Travel ; Tourism, Leisure ; Entertainment, transportation, etc. The Fund has earlier given a dividend of 20% in March 2000 and 20% in January 2001.

Though the fund has not been a great performer in the recent past, but it has given a return of 22.85% since launch.

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