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UTI Banking Sector Fund declares tax-free dividend of 10% UTI Banking Sector Fund declares tax-free dividend of 10%

UTI Banking Sector Fund declares tax-free dividend of 10% (Rs.1.00 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the fund would fall to the extent of payout and statutory levy if any.

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The record date for the dividend is June 24, 2010.

All unitholders registered under the dividend option of UTI Banking Sector Fund as on June 24, 2010 will be eligible for this dividend. Also investors who join the dividend option of the fund on or before the record date will be eligible for the dividend.

The NAV per unit as on June 21, 2010 was Rs.22.93 under the dividend option.

The fund has consistently outperformed the benchmark CNX Bank Index as per table given below:

Fund Performance as on June 15, 2010

Performance Comparison with Benchmark Index

Compounded Annualised Returns

NAV

CNX Bank Index

One year

41.68%

34.93%

Three years

18.19%

15.64%

Five years

22.71%

20.99%

Since Inception

23.56%

21.27%

Assuming that all pay outs during the period have been reinvested in units of the fund at the immediate ex-dividend NAV

Past Performance may or may not be sustained in the future

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