UTI's MIP 2001

Unit Trust of India (UTI) has launched a close-end income oriented plan called MIP 2001. It was opened on January 8 and will be open for sale till February 21. The plan offers three income options -- monthly, annual and cumulative.

For the period from the date of acceptance of application to February 21, investors under all the three options will be paid income at the rate of 9.75 per cent per annum. From February 22 to March 21, return at 10.20 per cent per annum is payable under annual and cumulative options, and under the monthly option, the return payable is 9.75 per cent per annum, payable monthly.