Abstract

The caselet provides insight into the problems faced by the Indian mutual fund major UTI’s flagship scheme US-64. It discusses in detail the problems that led to the fund’s poor performance and steps taken by UTI to restore the investor confidence and the efficacy of these steps.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• The reasons behind the US-64 controversy and its implication on the stock markets. The importance of portfolio management for a mutual fund.

Keywords

Depleting funds, redemptions, liquidity crisis, capital markets, disinvestment, acquisitions