UTI Mutual Fund has won the Lipper Fund Awards Gulf 2008 for Best Group over the past three years ending December 31, 2007 in the category of Mixed Assets.

Also two schemes of UTI Mutual Fund viz. UTI Banking Sector Fund-Dividend and UTI Mahila Unit Scheme have won Lipper Fund Awards Gulf 2008. The details of the awards are enumerated below:

UTI Banking Sector Fund- Dividend has been ranked as the Best Fund over past three years ending December 31, 2007 by Lipper and has won the Lipper Fund Awards Gulf 2008 in the category of Equity Sector Banks and Other Financials. The award for UTI Banking Sector Fund-Dividend indicates the Best Fund within the stated category, which had a total of 8 similar schemes including this scheme.

UTI Mahila Unit Scheme has been ranked as the Best Fund over past three years ending December 31, 2007 by Lipper and has won the Lipper Fund Awards Gulf 2008 in the category of Mixed Asset INR Conservative. The award for UTI Mahila Unit Scheme indicates the Best Fund within the stated category, which had a total of 20 similar schemes including this scheme.

UTI Banking Sector Fund is an open-end equity oriented scheme. The investment objective of the scheme is “capital appreciation” through investments in stocks of companies engaged in the banking and financial services activities.

UTI Mahila Unit Scheme is an open-end debt oriented scheme which invests in a portfolio of equity/equity related securities and debt and money market instruments with a view to generate reasonable income with moderate capital appreciation. 

Sourced From: i Matters