India Unbound -- Author Gurucharn Das
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UTI was partitioned into UTI-1 and UTI-2. all the protected schemes like US-64 for which an assured repurchase price has been announced and assured return schemes hv been placed under UTI-1. Government will meet its obligations annually to cover any deficit in UTI-1. UTI-2 is comprised of all net asset value (NAV)-based schemes. Since UTI-2 portfolio is NAV based, no Government financial support is envisaged for it.
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Aashish Makawana
1/5; Gayatri Nagar,
Nr. Patarkar Colony no-2
Nr. Adarsh Nagar,
Naranpura,
Ahmedabad