Financial Daily from THE HINDU group of publications
Tuesday, Aug 30, 2005
Financial Daily from THE HINDU group of publications Tuesday, Aug 30, 2005 |
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Markets
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Mutual Funds UTI Banking Sector Fund declares 25% Our Bureau
Mangalore , Aug. 29 THE UTI Banking Sector Fund has declared tax-free dividend of 25 per cent. A UTI Mutual Fund press release said here on Monday that this is the maiden dividend declared by the fund since its launch in March 2004. The record date for the dividend is September 22. Investors who join under the dividend option of the fund on or before September 22 will also be eligible for the dividend, it said. As on August 26, the NAV of the fund was Rs 15.04 under dividend option, the release added.
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