Ask Value Research

What happened to UTI Master Growth?

UTI Mutual Fund merged two schemes - Index Select Fund and Master Growth - to introduce UTI Top 100 Fund way back in 2009

Research Desk

I hold UTI Master Growth-1993. I am unable to locate the scheme on UTI web site and I am not getting any dividend too for last many years. What has happened to the scheme? Can I redeem my units?
- Ashok Gogia

UTI Mutual Fund merged two schemes - Index Select Fund and Master Growth - to introduce UTI Top 100 Fund way back in 2009. That means your investments are now in UTI Top 100 Fund. Touch base with your mutual fund advisor or the fund house and get an update to redeem your investments.

This article was originally published on November 24, 2015.

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