UTI Mutual Fund has announced a dividend of 101 per cent (i.e. Rs 10.10 per unit on the face value of Rs. 10) under the dividend option of UTI Services Sector Fund. The record date for the same has been fixed as March 16, 2007.
This is the second time such a big quantum of dividend is being declared by the AMC. Last year, the same amount of dividend was paid in February 2006.