UTI Attracts 5% Inflows From Redeemed MIP-97 (III).

(From Financial Express)

The Unit Trust of India (UTI) was able to attract around 5 to 7 per cent of the corpus amount from the redeemed assured return scheme - Monthly Income Plan (MIP) 97 (III) - in some of its existing schemes. The assured return scheme of UTI, MIP-97 (III) which matured on August 30, 2002, had a corpus size of Rs 1,044 crore. An UTI official said: "In other MIPs which matured earlier, we were able to attract around 5 to 7 per cent of its corpus size and it is around the same level in case of MIP- 97 (III) also", adding: "A big chunk of about 75 to 80 per cent of the re-invested amount might have gone towards the bond funds and the rest is in …