Expert Comments

Brij Gopal Daga
UTI Executive Director
With capital markets in a bad phase, redemption at this rate was bound to wreak havoc.

D.R. Mehta
Sebi Chairman
Many of the investments were controversial. But we can’t intervene as it’s outside our jurisdiction.

Deena Mehta
Interim BSE president
If UTI moves out of ITC or Reliance, Sensex will fall. It’ll be seen as a sign of sheer desperation.

Kirit Somaiya
BJP MP and president, Investor Grievance Forum
Restructuring UTI is the only answer. We’ve raised it with the FM.

Sanjiv Goenka
CII President
UTI’s decision is like a bank deciding to shut its windows suddenly, NSE listing notwithstanding.