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August 6, 2001
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Money > Business Headlines > Report August 6, 2001 |
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67% of UTI corpus in debt paperSamata Dhawade The Unit Trust of India's debt investments through 67 schemes at the end of June 2001 stood at Rs 241.50 billion, which is 67 per cent of its investible corpus. As per the UTI's latest data, chunk of the investment is scattered across 49 debt-oriented schemes, and does not include the flagship US-64. Of the debt portfolio, 69. 5 per cent comprise investible grade papers. Of this, 31.83 per cent are AAA instruments and 10.93 is AA+ rated instruments. Other investible grades account for 26.7 per cent Gilts account for 14.1 per cent, while 16.5 per cent comprise speculative grade (BB or lower) securities. Unit Scheme-71, an open ended balanced fund, has debt investment of Rs 24.17 billion, which accounts for 10 per cent of UTI's debt investments. MIP '99, a closed-ended debt-oriented scheme, is second with debt investments of Rs 15 billion at the end of June 2001. MIP '97 (II) scheme, also a closed-ended debt oriented scheme, ranks third with a debt investment of Rs 12.62 billion. Among the 49 schemes, Unit Scheme-71 again takes the major share in terms of investments in AAA or AA+ instruments. Unit Scheme-71's investment of Rs 7.81 billion in AAA rated instruments takes a major pie, accounting for 10 per cent of trust's investments of Rs 76.86 billion in AAA paper. The scheme has around Rs 2.39 billion in AA+ rated instruments, accounting for 9 per cent of the trust's investment of Rs 26.39 billion in AA+ instruments. This makes the Unit scheme-71 the most heavily loaded scheme with 42 per cent of its debt investments in AAA and AA+ rated instruments. MIP '99 again on the second slot, accounts for 6.8 per cent of the fund AAA rated and 7.7 per cent of AA+ rated investments. For MIP 97 (II) investment in AAA rated to Rs 4.12 billion and AA+ rated to Rs 1.32 billion makes to 43 per cent of its total schemes debt investment. Powered by YOU MAY ALSO WANT TO READ:
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