On the other hand, the trust has also decided to more actively manage its portfolio to increase investor value. For this reason it is going in for a major expansion of its dealing room. A specialised dealer profile will be created to improve investment decisions.

The twin moves come in the wake of the hefty depreciation witnessed in US-64 assets owing to a slump in the market, following which charges of lack of transparency were flung at the trust.

"We cannot reveal the NAV as this (the US-64) is not an NAV-driven product. But the point has been well taken that there is need for greater transparency and hence, for a start, we have decided to revealthe position for US-64 twice a year", a top UTI official told The Financial Express.

Currently, the Trust does not make public the value of its investments and these figures are discussed by the board of trustees. The figures sometimes find their way into the public domain through the media.

It is learnt that the new UTI chairman, PS Subramanyam, has commenced streamlining various investment procedures. Currently various officials take separate decisions on the secondary market for various schemes on a day-to-day basis. The plan is to bring in greater coordination of purchase and sales decisions of various schemes.

"We are going to substantially increase the dealing room of UTI. We might devote an entire floor completely to dealing activities", said an official.

The official said that UTI would be developing a breed of specialised dealers. Some of these would also be hired from outside. The specialists would be experts in either major stocks like Reliance and Telco or in industry sectors likeinfotech, pharma etc.

These specialists will have a crucial say in investments for all schemes irrespective of which official is actually managing the scheme. Greater coordination is expected to be brought to the fund management activity of the trust.

"With increased shuffling of our portfolio we will aim at getting out of all illiquid stocks over a period of time. This will also enable us to book more gains through active fund management," said the official.

Both the measures are aimed at boosting the confidence of unitholders and to ensure that the bottomline of UTI looks more healthy. Over the past three years or so there has been practically no increase in the investible surpluses of the trust. To reverse this stagnation, the new chairman has outlined a target of 20 per cent annual rise in the investible funds of the trust.