The Unit Trust of India is ready with a blueprint to meet any redemption pressure after January 1, 2002 when the partial ban on the sale and repurchase of US-64 is lifted. However, the mutual fund behemoth is emphatic it will not sell stocks to generate liquidity and is lining up fresh bank loans to meet the redemption pressure, if any.
The six-month ban on redemptions (except for small investors under a special window) comes to an end on December 31. From January 1, the scheme will be open for business as usual, but redemptions will be linked to the net asset value (NAV).
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