UTI redemptions at Rs 2,265 crore in June: AMFI

mumbai: unit trust of india saw redemptions of rs 2,265 crore in june, including repurchases of rs 2,034 crore pertaining to the now suspended us-64 scheme for may, according to association of mutual funds in india (amfi) data. sales for uti under all schemes was rs 1,858 crore with no new scheme introduced, amfi said in its monthly (june) data here on friday, adding repurchases of us-64 in the second month of the current fiscal were reported in june.uti, on july 2, decided to suspend the sales and repurchases in us-64 scheme for six months. on cumulative terms (april to june) the redemptions for uti stood at rs 5,314 crore while sales were rs 2,684 crore, it added. the mutual fund industry, which includes mfs sponsored by institutions and private sector, saw sales and redemptions of rs 13,140 crore (rs 5,547 in corresponding period of last year) and rs 9,464 crore (rs 4,268 crore), respectively in june, amfi said. the total assets under management as on june 30, 2001, was rs 97,953 crore (rs 1,07,728 crore), it added. in the private sector, indian mf players witnessed redemptions at rs 2,052 crore while the sales were pegged at rs 2,959 crore during the reporting month, amfi said. on cumulative basis for three months, the sales and redemptions for the mf industry stood at rs 28,591 crore (rs 18,638 crore) and rs 21,654 crore (rs 14,168 crore), respectively, amfi said. in june, joint ventures in private sector, predominantly indian, sold units worth rs 2,220 crore while redeeming to the extent of rs 1,415 crore, the association said. predominantly foreign joint ventures, however, were the only player to introduce a new scheme in the reporting month and collected rs 7 crore from the same. the sales from existing schemes amounted to rs 4,700 crore with redemptions at rs 3,320 crore, amfi said. bank sponsored mfs redeemed rs 187 crore with sales pegged at rs 835 crore from the existing schemes. institutions saw the sales and redemptions at rs 561 crore and rs 225 crore, respectively, it added.