Flashpoint Last Update On Tuesday, February 18, 2003
4 US-64: Chronology of events
4 To check out or to stay
4 Another bail-out
4 US 64: To stay or quit?
4 US-64 liquidity package : FAQs
4 Returns on US-64 repurchase prices
4 US-64 : Not a bad deal
4 US-64 vs other balanced funds: A comparison
4 Deepak Parekh Committee Recommendations
4 US-64 rescue package: A panel discussion
4 UTI bail-out package: To bite or not to bite
4 Wither the trust?
4 US 64 sales and Repurchase prices - historical data.
4 US64: Top 10 holdings
4 A snapshot of the mutual fund industry
4 Other schemes mired in controversy
4 Will the US-64 story have a happy end?

US-64: A survivor’s guide

A lifeline just about keeps investors afloat

New face of UTI

UTI gets a new face

On 1 February 2003, Unit Trust of India was split into two (UTI I and UTI II). UTI II is now known as UTI Mutual Fund. On 15 January 2003 the Government of India signed an agreement with SBI, PNB, BOB and LIC to operationalise the Unit Trust of India (Transfer of Undertaking and Repeal) Act 2002. As per the Repeal Act, 22 schemes (US-64 & all assured return schemes) will be transferred and shall vest in an Administrator. UTI AMC Co Ltd. will manage 47 NAV based, SEBI compliant schemes wit effect from appointed day i.e. 1 February 2003.

Accordingly, the UTI Trustee Company comprises of C Ramachandran, Former Secretary (Expenditure), Ministry of Finance, GoI, M P Radhakrishnan, Former Chairman, SBI, Dr.(Mrs.) Kanta Ahuja, Former Vice-Chancellor, University of Rajasthan, I D Agarwal, Chairman, OTCEI, and Pritam Singh, Director, In-charge, IIM, Lucknow

C Ramachandran is the chairman of UTI Trustee Co. (P) Ltd.

UTI Asset Management Co. (P) Ltd. comprises of M Damodaran, Chairman, UTI, S H Bhojani, Partner, Amarchand Mangaldas & Suresh A Shroff & Co. Advocates & Solicitors, J S Mathur, Former Dy. Comptroller and Auditor General of India, and B D Sumitra, DMD and Chief Financial Officer, SBI

M. Damodaran is the chairman and managing director of UTI Asset Management Co. (P) Ltd.

The schemes under UTI-I and UTI-II are as follows:

Sr.No. Name of schemes under UTI-I Sr. No Name of schemes under UTI-II
1 Unit Scheme 1964 1 UTI – Mastergain Unit Scheme (UTI - Mastergain)
2 Bhopal Gas Victims M I P 1992 2 UTI – PEF Unit Scheme (UTI – PEF)
3 Children's Gift Growth Fund 1986 3 UTI – Grandmaster Unit Scheme (UTI – Grandmaster)
4 Rajlakshmi Unit Plan (II) 1994 4 UTI – Master Plus Unit Scheme (UTI – Master Plus)
5 CGGF 1999 5 UTI – Mastergrowth (UTI – Mastergrowth)
6 RUP 1999 6 UTI – Mastershare Unit Scheme ( UTI – Mastershare )
7 IISFUS 1997 II 7 UTI – Growth Sector Fund – Brand Value ( UTI –GSF–Brand Value )
8 IISFUS 1998 8 UTI – Growth Sector Fund – Pharma & Healthcare( UTI – GSF – Pharma )
9 IISFUS 1998 II 9 UTI – Growth Sector Fund – Software (UTI–GSF– Software )
10 UTI NRI Fund 10 UTI–Growth Sector Fund – Petro (UTI– GSF – Petro )
11 MIP 1998 11 UTI–Growth Sector Fund–Services (UTI–GSF–Services)
12 MIP 1998 II 12 UTI Master Index Fund ( UTI – MIF)
13 MIP 1998 III 13 UTI – Nifty Index Fund ( UTI – NIF)
14 MIP 1998 IV 14 UTI – Index Select Fund (UTI – Index Select Fund)
15 MIP 1998 V 15 UTI – MNC Fund ( UTI – MNC Fund )
16 MIP 1999 16 UTI – Master Value Fund (UTI- Value Fund )
17 MIP 1999 II 17 UTI – Equity Tax Savings Plan (UTI - ETSP)
18 MIP 2000 18 UTI – Variable Investment Scheme-Index Linked Plan (UTI -VIS–ILP)
19 MIP 2000 (Second) 19 UTI - Unit Scheme 1995 (UTI- US 95)
20 MIP 2000 (Third) 20 UTI – Bond Fund ( UTI – Bond)
21 MIP 2001 21 UTI Small Investors’ Fund ( UTI – SIF )
22 Special Unit Scheme - 1999 22 UTI G-Sec Fund (UTI-G Sec)
23 UTI - Unit Scheme for Charitable and Religious Trusts and Registered Societies (UTI - CRTS )
24 UTI - Unit Linked Insurance Plan ( UTI-ULIP )
25 UTI – Children’s Career Plan ( UTI – CCP)
26 UTI – Mahila Unit Scheme ( UTI- MUS)
27 UTI – Retirement Benefit Plan (UTI - RBP )
28 UTI – Regular Income Scheme (UTI - RIS )
29 UTI Unit Scheme 2002 (UTI - US 2002)
30 UTI – Housing Unit Scheme (UTI - HUS )
31 UTI – Senior Citizens Unit Plan (UTI – SCUP)
32 UTI – Grihalakshmi Unit Plan (UTI - GUP)
33 UTI- Money Market Fund (UTI- MMF )
34 UTI - Unit Scheme 1992 (UTI - US92)
35 UTI – Master Equity Plan 1993 (UTI- MEP 93)
36 UTI – Master Equity Plan 1994 (UTI- MEP 94)
37 UTI – Master Equity Plan 1995 (UTI- MEP 95)
38 UTI – Master Equity Plan 1996 (UTI- MEP 96)
39 UTI – Master Equity Plan 1997 (UTI- MEP 97)
40 UTI – Master Equity Plan 1998 (UTI- MEP 98)
41 UTI – Master Equity Plan 1999 (UTI- MEP 99)
42 UTI –Growing Corpus Growing Income Scheme (UTI – GCGIP)
43 UTI – India Fund
44 UTI – India Access Fund
45 UTI – India Information Technology Fund
46 UTI – India Infrastructure Fund
47 UTI – India Media , Internet and Communication Fund

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