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UTI SCAM- U.S 64 CRISES
Primary objective and other objective of UTI
SCHEMES of mutual funds in UTI
OPEN ENDED
CLOSE ENDED
US-64 scheme
ESTABLISHMENT
INVESTORS
Fund to Bond to Cash
1964: UTI launches US-64, an open-ended balanced fund
1990-1995: Dividend rate of US-64 is 18%. It ri...
Reasons behind US-64 crises
Non-declaration of
NAV
Declaration of high
dividend
Factors helped to rise the
US-64 crises
 Huge investment in Junk
bonds
 Involvement of Ketan
Parekh
Role of Corporate Governance in UTI scams
 TRANSPARENCY
 ACCOUNTABILITY
 INTEGRITY
IMPACT OF UTI SCAM ON INVESTORS
 LOSS OF WEALTH
 LOSS OF CONFIDENCE
 RESULTS IN DECLINE OF
RETAIL PARTICIPATION
SUGGESTION TO PREVENT UTI SCAM IN FUTURE
 TRANPARENCY IN THE SYSTEM
 STRICT LEGISLATION
 EFFECTIVE AND REGULAR
VIGILANC...
UTI Scam
UTI Scam
UTI Scam
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UTI Scam

This is the PPT of Scam which shook the India in large level

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UTI Scam

  1. 1. UTI SCAM- U.S 64 CRISES
  2. 2. Primary objective and other objective of UTI
  3. 3. SCHEMES of mutual funds in UTI OPEN ENDED CLOSE ENDED
  4. 4. US-64 scheme ESTABLISHMENT INVESTORS
  5. 5. Fund to Bond to Cash 1964: UTI launches US-64, an open-ended balanced fund 1990-1995: Dividend rate of US-64 is 18%. It rises to 26% by 1995 1995-99: Net asset value of US-64 falls drastically 1999: Deepak Parekh panel set up to suggest US-64 revamp, bailout 2001: UTI suspends sale, purchase of US-64 units for six months 2003: US-64 mutual fund ends; investors offered cash or tax-free tradable bonds, with 6.75% annual interest 2008: Bonds mature on 31 May, putting an end to the US-64 saga Year wise information about the process of scam
  6. 6. Reasons behind US-64 crises Non-declaration of NAV Declaration of high dividend
  7. 7. Factors helped to rise the US-64 crises  Huge investment in Junk bonds  Involvement of Ketan Parekh
  8. 8. Role of Corporate Governance in UTI scams  TRANSPARENCY  ACCOUNTABILITY  INTEGRITY
  9. 9. IMPACT OF UTI SCAM ON INVESTORS  LOSS OF WEALTH  LOSS OF CONFIDENCE  RESULTS IN DECLINE OF RETAIL PARTICIPATION
  10. 10. SUGGESTION TO PREVENT UTI SCAM IN FUTURE  TRANPARENCY IN THE SYSTEM  STRICT LEGISLATION  EFFECTIVE AND REGULAR VIGILANCE  HOLE OF MEDIA

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  • SnehaRamakrishna2

    Jan. 23, 2021

This is the PPT of Scam which shook the India in large level

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