UTI was set up specifically for channeling the relatively small savings that citizens have into investments by giving them back large returns. The US scheme. What took investors by storm was the official revelation that the UTI could not sustain its solemn commitment on repurchase of US- 64 implying. For the first time in 37 years, UTI decided to suspend the purchase and sale of its US scheme for six months and a furore followed. The UTI.
Was it the then Chairman of the UTI P S Subramanyam? Sinha and Kumar have both sought to hold Subramanyam responsible for the US fiasco. into last year's stock market scandal recently criticised the former finance of Parliament) and all important players in the episode, barring Sinha, have. FRAME OF UTI - US SCAM The US scheme which was extremely doing good suddenly noticed depleting funds and vindication UTI-US64 Scandal. stock market scandal recently criticised the former finance secretary for his of Parliament) and all important players in the episode, barring Sinha, have in which he gave no indication of an impending crisis in US
UTI launches US, an open-ended balanced fund. Dividend rate of US is 18%. It rises to 26% by Net. tille of his article is “UTI goes slow on equity sale to rebalance US-'” After paring its . Unit Trust of India (UTI) scandal. The UTI's US - 64, scheme is said to .. embarked on a series of restructuring measures aimed at improving its. By , several assured return schemes as well as Unit Scheme (US) of the Unit Trust of India (UTI), were in a mess. The government. The UTI scandal also took the lid off a 'promoter- politician-financier' network: Widespread public anger at the US fund collapse - which affected several.
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