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NAVs of 12 UTI equity schemes rule below par

Unit Trust of India on Thursday announced the net asset value for 27 equity schemes at the end of year 2000-01 (July to June) with NAVs of 12 schemes ruling below the face value of Rs 10 per unit.

The open-ended schemes have shown a mixed performance with NAVs of Nifty Index Fund 2000, Software Fund and Brand Value Scheme at Rs 6.70 per unit, Rs 7.60 and Rs 7.88, respectively, UTI said in a release in Bombay on Thursday.

The other schemes with NAVs below par include Pharma Healthcare Scheme (Rs 9.34), Equity Tax Saving Plan 2000 (Rs 8.94), Grandmaster 1993 (Rs 8.44) and Unit Growth Scheme 10,000 (Rs 9.71).

The NAVs of these schemes were with respect to daily values as on June 29, 2001. However, Service Sector Investment Scheme (Rs 17.80), Masterplus Unit Scheme 1991 (Rs 16.39) and Index Select Equity Fund (Rs 14.07) were placed way above the face value, it said.

Among the close-ended schemes, NAVs of Master Equity Plans of 1994, 1995, 1996 and 1997 were ruling below par in the range of Rs 8.38 to Rs 9.55, it said.

The highest earner in this category was Master Equity Plan 1992 at Rs 13.85, followed by Equity Scheme 1992 at Rs 12.45. All the close ended schemes with weekly NAVs were placed above Rs 10, the highest being Master Equity Plan 1999 at Rs 17.04 per unit.

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