UTI Mutual Fund has announced change in benchmark index of UTI Banking Sector Fund with effect from May.13, 2010. Accordingly, the benchmark index has been changed from S&P CNX Banks Index to CNX BANK Index. UTI-Banking Sector Fund is an open-ended equity oriented scheme. The scheme has an investment objective to generate capital appreciation through investments in the stocks of the companies/institutions engaged in the banking and financial services activities.
Source: Karvymfs.com
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