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Income, debt schemes show 90 per cent growth
Our Markets Bureau
Mumbai, Dec 13 : Income, debt schemes of UTI registered a good performance. The surplus and reserves of these schemes rose to Rs 4,250 crore as on June 30, 2000, an increase of 99 per cent compared to Rs 2,077 crore during the same period last year. Net income under all income/debt schemes for the year ended June 30, 2000 increased by 90 per cent at Rs 6,786 crore as against Rs 3,568 crore for the same period last year. Eleven equity schemes of UTI produced returns in excess of 20 per cent during the year ended June 30, 2000. The eleven schemes are Master Equity Plan 1993, Mastergrowth 93, Equity Opportunity Fund, PEF Unit Scheme, Index Select Equity Fund, PEF Unit Scheme, Index Select Equity Fund, Master Equity Plan 1998, Master Value Unit Plan, Master Equity Plan 1999 and Growth Sector Funds - Software, Service and Petro. The star performers were GSF Service, Software and Petro Fund. The compounded annual growth rate (CAGR) of these funds since inception were 259.30 per cent , 172.26 per cent and 25.27 percent.A value research reports ranks GSF Petro, GSF Service and UGS 10000 as first, third and fifth respectively. The newly launched Equity Tax Saving Plan (ETSP) was ranked as second out of a total of 18 open-ended and equity tax planning schemes. Under the debt/income schemes UTI Bond Fund, US 95 and UTI Bond were the star performers. UTI G-Sec Fund gave an annualised return of 12.61 per cent since its launch. UTI Bond Fund showed an annualised return of 12.75 per cent since launch and 11.27 per cent for the year ended June 30, 2000. The NAV of US 95's cumulative option appreciated by 69 per cent for the year ended June 30, 2000. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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