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UTI-Opportunities Fund declares tax-free dividend of 8%

UTI-Opportunities Fund declares tax-free dividend of 8% (Rs.0.80 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout.

The record date for the dividend is May 2, 2011.

All unitholders registered under the dividend option of UTI-Opportunities Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.

The NAV per unit as on April 26, 2011 was Rs.15.00 under the dividend option.

The scheme has consistently outperformed the benchmark BSE 100 as per table given below:

Fund Performance as April 21, 2011 Performance Comparison with Benchmark Index
Compounded Annualised Returns	NAV	BSE 100
One year	15.27%	9.51%
Three years	15.40%	4.73%
Five years	12.82%	10.39%
Since Inception	19.48%	17.95%
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

UTI Opportunities Fund was launched in July 2005 as an open-ended equity scheme. The investment objective of the scheme is to generate capital appreciation and/or income distribution by investing in equity and equity related instruments. The main focus of the scheme is to capitalize on opportunities arising in the market by responding to the dynamically changing Indian economy by moving investments amongst different sectors as prevailing trends change. UTI Opportunities Fund predominantly invests in 4 to 5 sectors that are expected to outperform the broader market in short to medium term.

Mr. Harsha Upadhyaya is the fund manager of the scheme.

About UTI Mutual Fund

UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of   Baroda   and  Life  Insurance  Corporation of  India.

UTI Mutual Fund has assets under management (average) of Rs.67188.82 crore and investor accounts of 9.88 million under its 82 domestic schemes (Quarter ended March 31, 2011).