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The US-64 Controversy

            

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EXHIBIT II
DIVIDENDS DECLARED BY US-64

            

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Year  Dividend declared
1989-90  18%
1991-92  25%
1993-94  26%
1995-96  20%
1997-98  20%
1999-00  13.75%
1990-91  19.50%
1992-93  26%
1994-95  26%
1996-97  20%
1998-99  13.50%
2000-01  10.00%
Source: www.unittrustofindia.com

ADDITIONAL READINGS & REFERENCES :

1. Sriram N., UTI runs into rough weather, Business World, May 1,1996.
2. Karp Jonathan, India's flagship mutual fund is beset by a wavering trust, The Wall Street Journal Interactive Edition, October 15, 1998.
3. Aiyar V. Shankar & Abreu Robin, Breach of trust, India Today, October 19, 1998.
4. Maitra Dilip, Shattered!, Business Today, October 22, 1998.
5. Venkitaramanan S., Distrust in a trust, Business Line, October 26, 1998.
6. Measures to restructure US-64, The Hindu, February 28, 1999.
7. Restoring trust, Business India, April 5, 1999.
8. Sriram N., Dead-end scheme, Business World, July 19, 1999.
9. Bawa Salil, Is US-64 strong enough? The Hindustan Times, August 8, 1999.
10. Khanduri Manish, Some way to go, Business World, November 29, 1999.
11. Turnaround in US-64 scheme boosts UTI income, The Hindu, February 29,2000.
12. Vaidyanathan S., US-64: Is UTI courting trouble?, Business Line, June 04, 2000.
13. www.unittrustofindia.com


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