core sector communique

UTI – Wealth Builder Fund declares tax-free dividend of 12%

UTI – Wealth Builder Fund declares tax-free dividend of 12% (Rs. 1.20 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 and statutory levy (if applicable).

The record date for the dividend is June 27, 2011

All unitholders registered under the dividend option of UTI – Wealth Builder Fund as on June 27, 2011 will be eligible for this dividend

The NAV per unit as on June 21, 2011 was Rs.13.62 under the dividend option.

The detailed scheme performance vis-à-vis its benchmark is given below:

Fund Performance (Growth Option) as on June 15, 2011 Performance Comparison with Benchmark Index
Compounded Annualised Returns	NAV	BSE 100
One year	4.02%	2.83%
Three years	9.60%	5.91%
Since Inception (October 2006)	10.61%	9.25%
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-Wealth Builder Fund is a close-ended equity scheme with a maturity period of 5 years with automatic conversion into an open-ended scheme upon maturity of the scheme.

The objective of the scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments. The scheme invests in equity and equity related instruments to the extent of 65 -100% and 0-35% in debt and money market instruments

Mr Harsha Upadhyaya, Fund Manager of UTI Wealth Builder Fund said, “The scheme aims to build and maintain a diversified portfolio of equity stocks that have the potential to appreciate in the long term. The scheme also utilises derivatives to hedge the portfolio.”

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 had investor accounts of 9.88 million under its 82 domestic schemes as on March 31, 2011. The Average Assets under Management (AAUM) for the quarter of January – March 2011 of UTI Mutual Fund was Rs. 67,188.82 crore (source: AMFI website).