Total funds managed by 34 mutual funds (including UTI) amounted to Rs 77,797 crore as on June 30, 1999. Out of this, UTI alone accounts for Rs 61,000 crore.

UTI also disclosed the portfolio of UGS-10000 which was launched in May 1998. The NAV of the scheme stood at Rs 15.42 as on July 29 showing a 54.2 per cent growth in value since inception as against a 28 per cent growth in BSE Sensex during the same period.

Eighty per cent of UGS-10000 was invested in leading companies in industries like consumer goods, pharma, and infotech. Consumer goods accounted for 55 per cent of the portfolio comprising of Hindustan Lever and Digital Equipments.

While pharma companies comprise of 18.24 per cent ofthe total portfolio, computers and engineering account for 9.17 per cent and 6.89 per cent of the total portfolio. UGS-10000's total market value of shares stood at Rs 127.03 crore as on July 29th, 1999.