UTI MF has announced the launch of UTI-Infrastructure Fund, which was formerly known as UTI-Basic Industries Fund. It's an open-end equity fund. The UTI MF declared tax-free dividend of 35% i.e. Rs. 3.50 per unit on face value of Rs. 10/- for the UTI-Infrastructure Fund.
The investment objective of UTI-Infrastructure Fund is to provide investors the benefits of capital appreciation and income distribution by investing in companies engaged in the sectors like Metals, Building Materials, Oil & Gas, Power, Chemicals, and Engineering etc. The fund invests in stocks of the companies, which form the part of Infrastructure Industries
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