Master Equity Plans, the equity linked saving schemes, have given a return ranging 12.7 and 30.7 per cent. MEP 91 has given the highest return of 30.7 per cent, MEP 94 a return of 29.9 per cent, MEP 93 28.3 per cent, MEP 96 27.8 per cent, MEP 95 26.4 per cent, MEP 98 26.3, MEP 97 22.3 and MEP 92 12.7 per cent.

During the year July 1998 to June 1999, sales of UTI increased by 18 per cent to Rs 15,505 crore up from Rs 13,179 crore last year. ``There has been a sustained interest in UTIschemes and we got 18 lakh more applications. We mobilised 15,500 crore. The four monthly income plans and one institutional fund mopped up Rs 6800 crore, up 34 per cent from previous year's 5,120 crore,'' said P S Subramanyam. The total investible funds under UTI are Rs 61,000 crore and sales during 1998-99 was 65 per cent of the total sales.

There were 1.6 lakh fresh subscriptions which included reinvestment to the tune of Rs 1,076 crore in the Unit Linked Insurance Plan.

The Children Gift Growth Fund, the Rajlakshmi Unit Plan and and Children College and Career Fund mobilised Rs 586 crore with reinvestment of Rs 411 crore saw 2.13 lakh fresh subscriptions.

The UTI-Money Market Fund saw fresh subscriptions of Rs 850 crore. The equity schemes of UTI collected Rs 401 crore. The recently closed UTI Growth Sectors Fund collected Rs 73 crore with the offshore funds of UTI collecting Rs 87 crore.

During the year the trust extended demat facility to six schemes namely the Us-64, Mastershare, Mastergain 92,Mastershare Plus, Mastergrowth and Grandmaster. Around 5300 unitholders have opted for demat for an aggregate amount of Rs 330 crore.

The trust invested a sum of Rs 3,310 crore in the primary market which included fresh debt investments of Rs 3,023 crore.

Trust officials said that the trust had discontinued investment in the form of term loans and deposits as per the Sebi requirements.