Dividend in UTI Pharma & Healthcare Fund
August 21st, 2008
UTI Mutual Fund has announced a dividend of 15% in UTI Pharma & Healthcare Fund. The record date for the dividend is August 26, 2008.
The fund has earlier recorded three dividends -
20% in October 2003
25% in Octover 2004
25% in January 2006
The Investment objective of the fund is “An open-ended fund which exclusively invests in the equities of the Pharma & Healthcare sector companies. This fund is one of the growth sector funds aiming to invest in companies engaged in business of manufacturing and marketing of bulk drug, formulations and healthcare products and services.”
The fund size is Rs. 57.99 Crores and had Sun Pharma, Ranbaxy, Cipla, Glenmark, Glaxosmithkline, Indoco Remedies, Dr Reddys, Divis, Cadila, Lupin as the top held shares. (as of July 31, 2008)
In terms of performance amongst Pharma Mutal Funds, this fund stands second next to JM Healthcare Sector fund and is far better than its other peers Franklin Pharama, Reliance Pharma and SBI Magnum Pharma.
Entry Filed under: Mutual Funds, Dividend Announcements, UTI MF
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