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<a href="http://www.accessmylibrary.com/coms2/summary_0286-22284656_ITM" title="Facts and information about UTI TAKES Rs419 CRORE HIT ON SALES/REDEMPTIONS (losses incurred in 43 of 66 schemes during Jul-Dec 2002).">UTI TAKES Rs419 CRORE HIT ON SALES/REDEMPTIONS (losses incurred in 43 of 66 schemes during Jul-Dec 2002).</a>
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UTI TAKES Rs419 CRORE HIT ON SALES/REDEMPTIONS (losses incurred in 43 of 66 schemes during Jul-Dec 2002).
(From India Business Insight)
Unit Trust of India (UTI) incurred sales and redemption losses of Rs419.01 crore in 43 of its 66 schemes during Jul-Dec 2002. It posted profits from 18 schemes.
Unit Scheme-64 (US-64) incurred a loss of Rs192.74 crore.
Losses in the 12 monthly income plans (MIPs) stood at Rs90.76 crore against income of Rs452.87 crore. UTI-I posted an income of Rs365.58 crore, and UTI-II, Rs414.54 crore. Accumulated deficit, after wiping out the reserves, stood at Rs7,359.8 crore. MIP-98 (II) had a deficit of Rs447.81 crore, MIP-98 (III), Rs438.09 crore, MIP- 99, Rs400.9 crore, and ...
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