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UTI Removes Lock-in Period under MIPs


UTI has removed the lock-in period in force under MIP 99, MIP 2000, MIP 2000(II), MIP 2000(III) and MIP 2001. Investors under these schemes can now exit at any time at NAV price.

Prior to this, the investor in these schemes had to stay with the fund for at least 3 years (lock-in period). And after expiry of 3 years, repurchase facility was available but with an exit load.