Pushpangadan To Take Charge At Otc Today

Pushpangadan, a member of the UTI's Corporate Plan Group and the Productivity Committee, is also the product manager of the flagship scheme of the UTI - Unit Scheme 64 and has handled number of assignments in UTI.

He was also instrumental in setting up UTI Investor Services which is the registrar and transfer wing of UTI. I am aware of the enormity of the task ahead of me and also the importance of the speedy implementation of the recommendations of S A Dave committee, he said.

The groundwork for the implementation plan would be on top priority as once Sebi clears the recommendation the exchange would be prepared to execute it as quickly as possible, he added.

 

MIP'96 LISTED: Meanwhile, UTI has listed its Monthly Income Plan - 1996 (MIP 96) on the OTCEI with effect from Monday under its listed mutual funds segment. OTCEI thus becomes the first stock exchange of India to list any monthly income plan of UTI.

The trading in units of MIP-96 will commence shortly and will be in marketable lots.