UGS 10000 reopens for sale, repurchase

MUMBAI, SEPT. 3. The Unit Trust of India today reopened the sale and repurchase for its UGS 10000 scheme for the next eight days.

The net asset value of the UGS 10000 scheme, whose corpus is predominantly invested in scrips of multinational companies, was Rs. 9.55 as on August 29, the UTI said in a release here.

The price for sale and repurchase, to be open till September 10, would be based on the NAV of the day on which the application was made, it added.

About 52 per cent of scheme's corpus was invested in the scrips of consumer goods while the exposure to engineering and Pharma companies stood at 12.51 per cent and 8.60 per cent respectively, it said.

The scheme was likely to benefit from the increasing number of buyback offers and would explore opportunities for investment in the multinational pharma companies, it added.

- PTI

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Section  : Business
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