Business Standard

Uti Takes Rs 419 Crore Hit On Sales/Redemptions

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Our Markets Bureau BUSINESS STANDARD

The Unit Trust of India (UTI) registered a loss of Rs 419.01 crore on account of sales/redemptions of investments for the six months ended December 2002.

Of the 66 schemes under UTI, 43 registered a trading loss on account of sales/redemption, according to information published by the fund house.

However, 18 schemes managed to earn a profit. UTI

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First Published: Feb 01 2003 | 12:00 AM IST

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