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My question is related to UTI, previously there were two schemes, named UTI Mastergain and UTI Children Gift Growth Fund. I misplaced the paper certificates of these schemes and have recently found them. But I got to know that these schemes already matured in 2018. So, how will I get to know their current status? Can you help?
- Ajay
Erstwhile UTI Mastergain is now converted into an open-ended fund, namely UTI Equity Fund. You must contact the UTI office. Your certificate will then be changed to an account statement and if you haven't received any dividend until now, then it will also be given to you. Also, if you wish to sell it, you will be able to realise the same.
Children Gift Growth Fund has already been redeemed. After the UTI crisis in 2013, the fund was converted into a bond, which also matured a long while back. So, you won't receive any profits. You must contact the UTI Mutual Fund house as soon as possible to realise this money.
This article was originally published on August 14, 2019.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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