Thursday, October 12, 2000
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Household investors feel US 64 a safe bet -- Survey 

 
Mumbai: The fourth all-India household investors survey recently conducted by Dr L C Gupta's (ex-Sebi member) Society for Capital Market Research and Development has thrown up very interesting insights on the household investors' perception of US-64.

According to the survey nearly 82 per cent of the respondents surveyed considered US 64 as reasonably safe to very safe. Nearly 81 per cent of the working persons (either in service or self- employed) polled found US 64 to be reasonably safe or very safe. While 87 per cent of respondents above 60 years voted in favour of US 64, the most pleasing finding was the one polled by persons in the age group below 25 years-100 per cent of them found US 64 as reasonably safe to very safe.

The predominantly middle aged respondents, mainly graduates and above, were from the middle and lower middle income groups. Nearly 82 per cent of the respondents in the highest income bracket polled in favour of US 64 being reasonably safe or very safe. Nearly 86 per cent of the professionals found US 64 to be reasonably safe or very safe.

80 per cent of the housewives too considered US 64 as a reasonably safe or very safe investment. Over 76 per cent of the business owners considered us 64 as a reasonably safe or very safe investment.

US 64, the flagship scheme of UTI, has been in operation for 36 years. US 64 has been paying reasonable income distribution since its inception. US 64, the largest scheme in India, has voluntarily started disclosing portfolio on a monthly basis.

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