Partial To Uti

It would have been prudent had all the unit holders of the Grandmaster scheme been informed of the basis of NAV based pricing in the UTI's chairman communication of 31-7-96 itself.

Will Sebi allow such laxity to other new mutual fund entrants also. The pertinent point is, will they accept such arbitrariness. Will Tempelton, Threadneedle and Fidelity react on this.