The Unit Trust Of India (UTI) will suspend trading in Unit Scheme-64 (cash income) from January 20 as a sequel to a special package for repurchase of US- 64 units announced by the government, the subsequent split of demat units into three categories and the allotment of three different identification tags for each category of split units.
The move is aimed at encouraging higher trades in US-64 units and to pass on the redemption prices applicable under the special package repurchase for US-64 to the buyer also. On the NSE
