UTI's NPA recoveries: The UTI has increased the payment to investors of its Monthly Income Plan 1995 from recoveries of non-performing assets and illiquid securities. The payment announced earlier as Rs 0.415 per unit to all unitholders has been enhanced to Rs 0.46 per unit under the Monthly Income Option and Rs 1.13 per unit under the cumulative plan to the unitholders at the time of maturity.

Birla MIP dividend: Birla SunLife Mutual Fund has announced a dividend of 0.9 per cent for the Monthly Dividend Plan (Plan A) and Monthly Payment Plan (Plan B) of Birla Monthly Income Plan. The record date for the dividend was November 29.

Magnum Income Fund: SBI Mutual Fund has revised the load structure for Magnum Income Fund. There will now be an exit load of 0.5 per cent if funds are redeemed within six months from date of investment for investments of less than Rs 10 lakh and no exit load (0.35 per cent earlier) for amounts in excess of Rs 10 lakh.

ING Treasury portfolio: ING Savings Trust has reduced the minimum amount for investment in ING Treasury Portfolio to Rs 5,000 and in multiples of Rs 1,000 thereafter. The minimum outstanding balance has also been cut to Rs 5,000.

US-64 prices: The repurchase price for unit holdings of up to 5,000 units (enhanced from 3,000 units) is Rs 11.50 per unit in December under the Special Liquidity Package.

The package was offered from August 2001 at Rs 10 per unit and is due to end in May 2003 at Rs 12 per unit.

The price for November was Rs 11.40 per unit. For holdings in excess of 50,00 units, a repurchase facility linked to the NAV is available from January 2, 2001.

For such holdings, an assured repurchase price of Rs 10 per unit or NAV, whichever is higher, is available on May 31, 2003, if the units are held till then.

The redemption will be at NAV-based prices if it carried out before May 31, 2003.

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