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UTI India Lifestyle Fund NFO date extended - to close on July 30, 2007

UTI Mutual Fund has decided to extend the NFO period of UTI India Lifestyle Fund. The NFO period is supposed to be ending on July 25, 2007 but has been extended till July 30, 2007.

UTI India Lifestyle Fund is a three-year close ended fund that will convert into an open ended fund after the three-year period. Investors can choose between Growth and Dividend Payout options during this three year period. Dividend Payout option will be available only after converting into open ended fund.

The objectives of the fund is to provide long term capital appreciation and / or income
distribution from a diversified portfolio of equity and equity related instruments of
companies that are expected to benefit from changing Indian demographics,
Indian lifestyles and rising consumption pattern.

1 commentJuly 24th, 2007

35% Dividend for UTI Infrastructure Fund unit holders

UTI Mutual Fund has announced a dividend of 35% (i.e Rs. 3.5 per unit of face value of Rs. 10) for unit holders under Dividend option of the UTI Infrastructure Fund. The record date for this will be taken as June 22, 2007.

The dividends of UTI Infrastructure Fund are as follows:

February 2005: 12%
August 2005: 20%
July 2006: 30%
June 2007: 35%

Add commentJune 21st, 2007

UTI Gold ETF NFO end date extended

The new fund offer period for UTI Gold Exchange Traded Fund has been extended to March 16.

Add commentMarch 14th, 2007