UTI Bond Fund has declared a dividend of 4% i.e. Rs.0.40 per unit on face value Rs.10/-, in its dividend option. The record date for the dividend is August 16, 2002. The investors can also reinvest their dividends at the prevailing NAV.
UTI Bond Fund, launched in June 1998 is an open ended medium-term debt fund. The fund has given a return of 12.03 percent in the past one year. This is the fourth pay out from the fund. Till date the fund has declared two dividends of 3% and a5% in Jan 2002 and May 2002 respectively and a bonus of 4:10 in July 2002.