UTI information

The Unit Trust of India has announced the despatch of Income Distribution Warrants for the year ended June 30, 2000 to unitholders and payment of income by credit to bank account or through ECS.

Effective July 1, the sale/repurchase prices of ULIP units are based on net asset value. Members having their half-yearly/annual instalment due in October 2000, may pay the contribution any time between August 1, 2000 and October 31, 2000.

The fifteen-day lock-in under Money Market Fund has been removed. Investors can now withdraw up to Rs. 20 crores per day per account on any working day.