Us-64 Repurchase Cap Hiked To 5,000 Units

The government today announced a package for the Unit Trust of India and also set the milestones to be achieved by the US-64 scheme besides forming a standing advisory group comprising YH Malegam, RH Patil, SS Tarapore and Deepak Parekh to implement and operationalise the recommendations of earlier committees.

CM Vasudev, secretary, department of economic affairs, said UTI will increase the limited repurchase facility for US-64 units to 5,000 units from the present 3,000 from January 1, 2002.

Further, US-64, which will be net asset value (NAV)-linked from January 1, will be sold as investments in a