The Hindu Business Line : Warrants from UTI

The Unit Trust of India has announced that income distribution warrants due as of May 1, 2002 for its various Monthly Income Plans have been deferred till end of May 2002.

This is to have time till the Finance Bill 2002 is passed as it envisages changes in the tax laws.

UTI will send one consolidated warrant dated June 1 2002, for April, May and June 2002.

Sending one warrant for June in advance now will compensate the delay of one month. The subsequent warrants will be dated from August 1, 2002.

The quarterly warrant under the Growing Corpus Growing Income Scheme 1994 will be dated June 1 and dispatched by the end of May 2002.

BL Research Bureau

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