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UTI sales cross Rs 3,000 crore mark in current year

Capital Market Bureau

The total funds mobilised by UTI during the current year has crossed Rs.3,020 crore within a period of just 4 1/2 months (1 July to 13 November 2002) compared to total sales of Rs.2,609 crore during the entire year 2001-2002 (July-June).

UTI Bond Fund, launched in June 1998, as a open ended pure debt fund, has crossed Rs.2,000 crore mark. The objective of the fund is to invest in debt instruments with a medium risk profile. The fund has been a consistent performer and rewarded its investors with regular income distributions. Recently the fund has declared an interim income distribution @ 3% as of 15 November 2002. The performance details of UTI Bond Fund are as follows:

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