"UTI Is Too Huge For Rapid Changes" Newly appointed UTI chairman M. Damodaran admits he is in the hot seat. But he is quick to add that changes have already been set into motion in the beleaguered mutual fund. Excerpts from an exclusive interview:
Updated on: 5 February 2022 10:47 pm
Numerous committees have recommended various measures to restructure the uti. Why were most of these never implemented?
Should the uti be broken into smaller companies? The uti doesn't have an asset management company. Has that been a deterrent for its investments?
Should the uti Act be amended so that it becomes clear that it's another mutual fund under the purview of sebi?
Are you probing charges of insider trading—Indian companies indulging in heavy redemption after being aware of the US-64 freeze much in advance?
Will the finance ministry be involved in the day-to-day functioning of the uti now?