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This is an archive article published on December 19, 1997

UTI may resume CCCGF units sale

NEW DELHI, Dec 18: The Unit Trust of India is contemplating withdrawal of suspension on fresh sale of units under its Children's College an...

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NEW DELHI, Dec 18: The Unit Trust of India is contemplating withdrawal of suspension on fresh sale of units under its Children’s College and Career Growth Fund (CCCGF). The institution, which offers an assured return of 14 per cent for a period of 21 years, was forced to suspend fresh sale of units on account of heavy inflows.

"Sale of units may possibly be recommenced with a lower assured return,” said a senior official of UTI. Earlier this year, the scheme had attracted more than Rs 130 crore in the first four months, beginning July.

 

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