Financial Daily from THE HINDU group of publications
Saturday, Jul 09, 2005

Port Info

Group Sites

Markets - Mutual Funds

Mastergain is now UTI Equity Fund

Our Bureau

KOLKATA: UTI Mutual Fund has renamed Mastergain Unit Scheme as UTI Equity Fund. There will be no change in its features.

The rechristening will help distinguish the scheme from other 'Master Series' products. It will also "bring clarity to the connotation of the name" with respect to its current positioning as an aggressively managed, open-ended diversified equity fund, a press release issued by the MF has mentioned.

UTI Equity Fund, managed by Mr Vinay Kulkarni, has an asset base of over Rs 1,200 crore. It has over 10 lakh unit holders and allocates at least 80 per cent of its assets in equity and equity-related instruments. The fund, benchmarked against the Sensex, has provided 9.3 per cent (compounded annualised returns) to investors since inception.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Fund houses pitching for built-in ELSS option

PNB open to shedding stake in UTI MF
Mastergain is now UTI Equity Fund
Range-bound movement
Markets recover from London shock — Sensex gains 67 points
Hinduja TMT finding favour among investors
Titan Ind shines on expansion plans
Jyoti Structures jumps on talk of Reliance Energy hiking stake
MosChip mulls FII cap hike
Metal, banking, pharma buoy markets
IL&FS offer subscribed 29 times
HI-REF announces closing

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line