UGS 10000 reopens for sale

PRESS TRUST OF INDIA

MUMBAI, Jan 6: UTI's growth oriented interval fund, Unit Growth Scheme (UGS) 10,000, has opened for public subscription on January 4 and is slated to close on January 10, 1999. The scheme, initially opened in May 1998 on a preferential basis to the unitholders of UGS 2000 and UGS 5000, mobilised Rs 70.4 crore. The UGS 10,000 was then kept open for repurchase during December 7 to December 12, 1998.

The NAV per unit as on December 30, 1998 is Rs 11.83 and has appreciated by 18.3 per cent since the closure of initial subscription while the Sensex and the Nifty have declined by 15.63 per cent and 15.35 per cent, respectively.

UGS 10,000 has an exposure of upto 52.4 per cent in the fast moving consumer goods companies, 22.1 per cent in pharmaceutical companies, 5.3 per cent in engineering companies, five in computer software, 3.8 per cent in consumer products (others), 3.5 per cent in lubricants, 2.8 per cent in chemicals and plastics and the rest in others.

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