UTI is the largest player in the ELSS market and has eight ELSS schemes under its belt launched from 1991 to 1998. The amount mobilised under all these schemes stand at Rs .. crore a ... per cent of the total ELSS market.

"We are launching an ELSS scheme in the month of January", said the executive trustee, UTI, PJ Nayak.

While almost a major portion of the mutual fund industry, barring one or two have declined an inclination to launch an ELSS this year, UTI is going ahead with the plans. In a falling equity markets there is no appetitie for equity products in this season, said a number of fund managers who showed no desirefor launching an ELSS.

A LOOK AT UTIs ELSS SCHEMES: The Master Equity Plan 1991 (MEP 91) has a unit capital of Rs 107.11 crore as in May 1998, launched in 91 has shown an appreciation of 121.2 per cent with an Net Asset Value (NAV) at Rs 21.22 as on November 25. MEP '91 has 1.43 lakh unit holding accounts.

Master Equity Plan 1992 (MEP 92) has a unit capital of Rs 649.15 crore as in May 1998, launched in 1992 has shown an appreciation of 28.4 per cent with an NAV of Rs 12.84 as on November 25. The number of unit holding accounts under MEP 92 are 8.45 lakhs.

Master Equity Plan 1993 (MEP 93) has a unit capital of Rs 219.26 crore as in May 1998 with 3.15 lakh unit holding accounts. The scheme launched in 1993 has shown an appreciation of 42.7 per cent with an NAV of Rs 14.27 as on November 25.

Master Equity Plan 1994 (MEP 94) has a unit capital of Rs 581.61 crore as in May 1998 with 8.11 laks unit holding accounts. The NAV of the scheme is at Rs 7.67 a depreciation of 23.3 per cent since inception,as on November 25.

Master Equity Plan 1995 (MEP 95) has a unit capital of Rs 1,030.52 crore as in May with 13.43 lakh unit holding accounts. The NAV of the scheme has shown a depreciation of 17.5 per cent since inception at Rs 8.25 as on November 25.

UTIs Master Equity Plan 1996 (MEP 96) has a unit capital of Rs 196.54 crore as in May 1998 with 2.51 lakh unitholders. The scheme has shown an appreciation of 4.9 per cent since inception with an NAV of Rs 10.49 as on November 18.

The Master Equity Plan 1997 has a unit capital of Rs 73.33 crore as in May 1998 with 0.92 lakh unit holding accounts. The scheme has shown a depreciation of 10.5 per cent since inception with an NAV of Rs 8.95 as on November 18.

The last but not the least Master Equity Plan 1998 has a unit capital of Rs 27.76 crore as in May 1998 with 0.24 laks accounts. The NAV of the scheme stands at Rs 8.16 a depreciation of 18.4 per cent since inception.