Mass Burial

UTI is merging schemes, but for whose benefit?

Unit Trust of India has been in the business of mutual funds for decades now. Through these years it has come out with over 90 schemes, of which 29 are equity-related schemes. It launched UTI Infrastructure Advantage Fund in January 2008 just before a horrific bear assault hit the Indian market that has decimated the Sensex by 60%. However, with...

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