Unit Trust officials disclosed that on Monday a total of Rs 44 crore worth of repurchases had taken place in US-64. The amount split equally between individuals and corporates. A total of 4,000 investors had opted for redemption.

On Tuesday, a large number of investors had gathered outside UTI offices at Ghatkopar and Churchgate. Some of these investors had also queued up for the repurchase of Masterplus, which opened after a span of seven years.

Although the figures for Tuesday would be known only by Wednesday, UTI officials said that it would be higher. "The number of people seeking repurchase has gone up today, but there is nothing alarming. In the first week of the month repurchases are high, and the last week sees higher sales. The negative news about US-64 has had an impact, but we expect investors to realise the true picture shortly," an Unit Trustofficial said.

In contrast to the first two days of October, UTI had faced repurchases of around Rs 50-60 crore in the month of September against an inflow of Rs 300 crore in its flagship scheme US-64. The trust has faced repurchases of around Rs 500 crore in US-64 from July to September as against an inflow of Rs 3,600 crore during the same period.

The trust had mobilised Rs 3,100 crore in July at the special sale price of Rs 14, Rs 200 crore in the month of August at a sale price of Rs 14.25 and Rs 300 crore in the month of September at a sale price of Rs 14.40. UTI has kept a sale price of Rs 14.55 for the month of October.

Bulk of the investments in US-64 comes in the month of July when there is a special sale price of Rs 14 per unit. Subsequently, the trust increases the sale as well as repurchase price of US-64 in a linear manner depending on the market conditions.