The Economic Times daily newspaper is available online now.

    SUS 99 unit NAV soars to Rs 200.66 per unit

    Synopsis

    The net asset value (NAV) of Special Unit Scheme 1999, managed by Specified Undertaking of UTI (UTI-I), has touched Rs 202.66 per unit, showing a 340 per cent jump in value over NAV in June 1999.

    MUMBAI: The net asset value (NAV) of Special Unit Scheme 1999, managed by Specified Undertaking of UTI (UTI-I), has touched Rs 202.66 per unit, showing a 340 per cent jump in value over NAV in June 1999.
    The scheme started with a book value of Rs 3,300 crore in June with the entire capital subscribed by the Union government. However, the per unit NAV of scheme stood at Rs 45.96 as against the face value of Rs 100 due to depreciation in the value by Rs 1,783 crore, UTI-I said in a release on Monday.
    The active churning of the portfolio contributed to significant appreciation of the value of investments, the release said.
    The Centre has repurchased 35 per cent of initial unit capital. The outstanding capital and NAV of the scheme as on December 26 stood at Rs 2,145 crore and Rs 4,347 crore respectively, it added.
    The Economic Times

    Stories you might be interested in