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UTI Petro Fund Announces Dividend

UTI Mutual Fund has declared a dividend of 12% (i.e. Rs.1.20 per unit on face value of Rs.10/-) in UTI Petro Fund. The dividend shall be given to all the unit holders whose names appear in the books as on June 25, 2003.

The scheme has declared dividends in the past also- a 12% dividend in December 2000, a 15% dividend in March 2002 and a 1:2 bonus in July 2002. The NAV of the Fund as on June 6, 2003 is Rs.15.92 per unit. The fund has given a return of 30.54 per cent since launch.