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UTI RIS Declares Monthly Dividend

UTI Regular Income Scheme has declared a dividend of 0.70 per cent (i.e. Rs.0.070 per unit on a face value of Rs.10). The investors who have opted for the income option are eligible for the dividend. The record date for the dividend is November 28, 2003.

Launched in September 2002, UTI-RIS is an open-ended monthly income plan with no assured returns, aiming at distributing dividend periodically. The scheme has consistently declared dividends every month so far.