Unit Trust Of India Rajlaxmi Scheme

Hi I am looking for the information about the notification issued by the Unit Trust of India for the closure of the Rajlakshmi Unit Scheme 1992 (RUS 92)?

[pawan]

THE Unit Trust of India(UTI) has educated guardians/gatekeepers of the (minor) unitholders of Rajlakshmi Unit Scheme 1992 (RUS 92), that it has chosen to rashly end this plan on September 30.

Not able to maintain the guaranteed level of return under the asset any more, the UTI has now sent a `letter of assent' to individual unitholders, offering to pay out reclamation continues under the plan as they stand today.

The letter recommends three choices:

- Transfer of the whole recovery continues from RUS 92 to Children's Career Plan (earlier called Children's College and Career Fund).

- Investment of the recovery continues in different plans of the UTI, including US-64, UTI Bond Fund, UTI G-Sec Fund, and US-95.

- Remittance of the whole recovery continues through check. Speculators have been permitted time until September 22 to store the assent letter at the UTI accumulation workplaces.

Suggestion: Investors in RUS 1992 may select to get the reclamation continues of the plan as they stand today, in real money. Interests in option plans of the UTI, including the Children's Career Fund (CCF), as proposed by the UTI are better avoided for the following factors: