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UTI Bond Declares Quarterly Dividend


UTI Bond Fund has declared an interim income distribution of 3 per cent i.e. Rs.0.30 per unit on face value Rs.10. There will be no book closure. The investors existing in the books on the close of business of 15th November 2002 and who have opted for dividend plan, are eligible for the income distribution. Prior to this, the fund had declared a dividend of 4 per cent in August 2002. Till date the fund has declared three dividends and one bonus.

UTI Bond Fund was launched in June 1998 as an open ended medium-term debt fund. The fund has given a return of 12.71 per cent in the past one year, as on November 8, 2002.