Contrary to fears of a negative response from investors
and widespread redemptions, UTI on Tuesday witnessed only a
trickle of Rs 5 lakh worth of redemptions at NAV-linked prices
in its flagship US-64 on the first day of its going to the NAV
mode. What is more, the fund major also managed to sell new
units worth Rs 2.5 crore at Monday’s (Dec 31) NAV of Rs 5.99.
