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Unit Trust plans to offer buy and sell facility on the Net
PRESS TRUST OF INDIA
NEW DELHI, MARCH 30: Mutual funds major Unit Trust of India (UTI) will offerinvestors the facilities of buying, selling and redemption through theInternet soon after payment gateways are set up by banks, a top officialsaid today."UTI is developing the generic software for facilitating buying, selling andredemption of its schemes on the internet," UTI executive director Basudebtold reporters here on Thursday. This is part of UTI's strategy to increasebusiness volume at affordable costs, he said. Many leading banks in thecountry are in the process of developing a payment gateway system, wherebycash payments could be through the Internet. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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