Banking Sector Performs again – UTI Banking Sector Fund declares dividend
UTI Banking Sector Fund is one of the top performing Equity Mutual Funds launched by UTI Mutual Fund, which is one of the oldest Mutual fund companies in India. The quantum of dividend declared is Rs 2.5 per unit. The record date for dividend distribution is 09-May-2011.
Type of Scheme: Open Ended Equity Scheme
Investment Objective:
The main objective is to generate capital appreciation by investing in the equities of the companies engaged in Banking Activities.
Minimum Investment Amount: Rs 5000
Entry Load: NIL
Exit Load: 1% if the investment is redeemed within 1 year from the date of allotment.
NIL if the investment is redeemed after 1 year from the date of allotment.
Portfolio Investments:
The scheme has invested in the equities of the major banks like
- ICICI Bank
- State Bank Of India
- HDFC Bank
- Axis Bank
- Indusind Bank
- Bank of Baroda
Happy Investing!!
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
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