The government is planning to give the administrator of the assured-returns schemes of UTI-I a role in managing its holdings in a number of state-owned companies.
UTI-I is being considered because the government wishes to maximise its returns from its holdings in public sector undertakings.
This follows the success of the Special Unit Scheme-99 (SUS-99). The idea, though at a nascent stage, is that the dividend streams from the public sector undertakings will accrue to UTI-I, which will then use the cash to invest in the markets to multiply the government
