The Unit Trust of India (UTI) has not made any provision for non-performing assets (NPAs) valued at Rs 893 crore.
NPAs for which the UTI has not made any provision so far accounts for 2 per cent of its corpus of Rs 48,198 crore.
The fund house has total NPAs of Rs 6,086 crore of which it has made provisions for Rs 5,193 crore. This works out to 85 per cent of the total NPAs. There are as many as 37 schemes of the UTI which have sticky assets.
Its 15 monthly income plans (MIP) -- or the assured return schemes -- topped the list with aggregate NPAs of Rs 428 crore accounting for 48 per cent of total NPAs for which the institution has not made any provision so far.
The plan with the largest NPAs is MIP1998 (II), with Rs 61.9 crore. The scheme has made provision of Rs 163.7 crore accounting for over 26.5 per cent of the net asset value till end of January 2002.
MIP1999 is the second biggest with a NPA of Rs 54.7 crore. This scheme has already made provision Rs 95.6 crore made till January 2002 towards NPA.
The UTI's biggest scheme, the US-64, has to provide for just Rs 1.59 crore towards NPAs. The scheme already has provided for Rs 1,145 crore till end of January 2002. The scheme is one among the other seven scheme which are having NPAs of less than Rs 1 crore.
Nevertheless, Children's Gift Growth Fund-1986, has been the single-largest scheme with non-provision of NPAs amounting to Rs 144 crore. The scheme, however, has made provision of Rs 661 crore till end of January 2002.
Unit Link Insurance Plan-71 followed to be the second largest schemes with a NPA of Rs 74.3 crore. The scheme has made provision of Rs 790 crore till end of Jan 2002 towards NPA.
