The Unit Trust of India's (UTI) aggregate non performing assets (NPAs) stood at Rs 4,037 crore, spread across 31 schemes, as on July 2002.
The sticky assets account for 10.15 per cent of the mutual fund giant's corpus of Rs 39,774 crore spread over 59 schemes.
Nevertheless, there has been considerable improvement over January, when total sticky assets stood at Rs 5,958 crore.
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NPAs as on January 31, 2002, accounted for 12.4 per cent of the total assets of Rs 48,213 crore. Barring UTI's flagship scheme US-64, the NPAs and corpus for others are as on July 31, 2002. Data on US-64's corpus and gross NPAs for July are not available.
Many of UTI's investments in debt instruments had turned NPAs on account of non-payment of interests as well as capital.
It has 70 equities worth Rs 90 crore under its fold which are currently not traded. Scheme-wise, US-64 has Rs 1,206 crore worth NPAs. This was 9.5 per cent of the fund's corpus of Rs 12,662 crore as on June 30, 2002.
The Unit Linked Insurance Plan 1971 is second in terms of NPAs worth Rs 821 crore. This comes to over 22 per cent of its corpus of Rs 3,711 crore as on July 31, 2002.
The Monthly Income Plan 1998 (II) is third in terms of NPAs worth Rs 209 crore, which account for 41 per cent of its corpus.
Few other schemes that have more than Rs 100 crore NPAs are IISFUS 1998 at Rs 180 crore, MIP 1999 (Rs 133 crore), IISFUS (II) 1998 (Rs 121 crore), RUP (II) 1994 (120 crore), MIP 1998 (Rs 119 crore), IISFUS 1997 (Rs 117 crore), MIP 1997 (IV) (Rs 116 crore), MIP 1998 (III) (Rs 115 crore) and MIP 1998 (V) (Rs 109 crore).
The Grihalakshmi Unit Plan (GUP) 1994's NPAs accounted for 56 per cent of its corpus. The GUP 1994 has NPAs worth Rs 37.5 crore against a net asset value of Rs 67.22 crore as on July 31, 2002.
The Growing Corpus Growing Income Plan (GCGIP 1994) has gross NPAs worth Rs 45 crore, which account for 32 per cent of its corpus.