24 UTI SCHEMES POST NEGATIVE RESERVES
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.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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UTI, AMP TIE UP FOR CORE FUND
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.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
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