Article Abstract:
Unit Trust of India (UTI) has revealed that 24 of its total 56 schemes have reported negative reserves and surplus positions for the period ended December 31, 1998. GMIS Pool had a negative reserve balance(NRB) of Rs2.37 crore ( NRB of Rs3.13 crore as on December 31, 1997), while the HUS 92 had a NRB of Rs1.93 crore ( NRB of Rs2.18 crore). The Unit Scheme 1964 also reported negative reserves and surplus position for the period. With this, nearly 42.11 percent of UTI schemes that have declared their results for December 1998, have posted a negative reserve and surplus balance. (ag)(psr)
Comment:
Unit Trust of India (UTI) has revealed that 24 of its total 56 schemes have reported negative reserves and surplus positions for the period ended December 31, 1998.
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Article Abstract:
US-64, the flagship unit scheme of Unit Trust of India (UTI) has grown by 30 percent by raising Rs3,105 crore in July 1998 compared to Rs2,391 crore raised in July 1997. US-64 has 21 million unit holders and a total corpus of Rs22,000 crore and it accounts for one third of the entire revenue of UTI. UTI had recommended a dividend of 20 percent on US-64 in 1997-98 by which the unit holders got a yield of 14.28 percent for the year. (gs)
Comment:
Recommends dividend of 20% on US-64, its flagship unit scheme, in 1997-98 by which unit holders get yield of 14.28% for the year
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Article Abstract:
The Unit Trust of India (UTI) and AMP Ltd, a financial services company of Australia, plan to jointly launch a $500 million Indian Infrastructure Fund to invest in power, transportation, oil and gas, telecom and urban infrastructure. They have signed a memorandum of understanding to jointly explore investment opportunities in India, including insurance and banking operations. (khr)
Comment:
The Unit Trust of India (UTI) and AMP Ltd, a financial services company of Australia, plan to jointly launch a $500 million Indian Infrastructure Fund to invest in power, transportation, oil and gas, telecom and urban infrastructure.
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