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UGS 10000 Reduces Entry Load

Unit Growth Scheme (UGS) 10000, an equity specialty fund from UTI has reduced the entry load from 3 per cent to 2 per cent with effect from May 20, 2002. The fund was launched in May 1998 as an interval fund, where in it used to be open for sale and redemption every month for one week. But from May 2, 2002 onwards, the fund turned open-ended and the units can be bought and sold at any time at the applicable NAV.

UGS 10000 seeks to generate long-term capital appreciation by investing in stocks of multi-national companies.