Fund News

UTI Fixes Redemption Price for MIP 99 (II)

The Unit Trust of India has fixed the redemption price of Rs 10.1167 per unit for unit holders of Annual Dividend and Cumulative options in MIP 99 (II). The fund was due for redemption in October 2004, but the Specified Undertaking of Unit Trust of India has decided to foreclose the scheme on August 1, 2004.

The redemption value will include the income for the first four months of the ongoing year ending July 2004.

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