UTI shows Rs 500 crore net outflow

But outgo on account of repurchases under US-64 and 13 equity schemes was Rs 7,000 crore, according to top UTI sources.

Among the equity schemes where repurchase facility is available are MEP 91-94, Primary Equity Fund, Equity Opportunity Fund, UGS 2000, UGS 5000, US-92, Grandmaster and Mastergain.

Giving a break-up of the sales in 1996-97, senior UTI officials said bulk of the sales have come from US-64 (Rs 1,700 crore) and monthly income plans (Rs 1,700 crore).

As for Mastergain ’92, which is now a much leaner and fitter scheme with a corpus of Rs 2,200 crore, sources said the scheme had on an average a weekly redemption of Rs 2 to Rs 4 crore.