NAVs of SUUTI income plans perk up

 In fact, the NAVs of MIP 99 (2), MIP 2000, MIP 2000 (II), MIP 2000 (III) and MIP 2001are now coming close to their par value.

 In the last six months, the net asset value of MIP 99(2) jumped 11.49 per cent to 8.87 as on August 28. In case, MIP 2000, the NAV climbed up 16.50 per cent to Rs 8.16. While the NAV of MIP 2000 (II) increased by 13.82 per cent. The net asset value of MIP 2000 (III) has risen 9.19 percent to Rs 9.26 during the six months.

 B Babu Rao, senior vice-president at UTI Mutual Fund,