Is My Rs. 2000 Investment of 1991 in Mastershare Plus Worth Anything Today?

Ans: UTI Mutual Fund announced the merger of UTI Masterplus Unit Scheme into UTI Leadership Equity Fund, with effect from July 10, 2014.

Launched as UTI Mastergain '91, the fund was later renamed UTI Equity in 2005, following which it was renamed again as UTI Flexi Cap Fund in 2021 when the market regulator introduced flexicap and multi-cap categories.

Please approach UTI Mutual FUnd or MFD for getting the latest account statements and update your KYC on the same.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: The UTI Masterplus Unit Scheme merged into UTI Leadership Equity Fund on July 10, 2014. The UTI Leadership Equity Fund subsequently changed its name to UTI Bluechip Flexicap Fund - Growth on December 18, 2015.

Here's how you can redeem your units and get the current value:

Contact UTI Mutual Fund: They can provide you with the latest NAV (Net Asset Value) of the UTI Bluechip Flexicap Fund - Growth and guide you through the redemption process. You can find their contact information on their website UTI Mutual Fund.

Contact your Investment Advisor: If you invested through an advisor, they can help you redeem your units and may be able to provide you with the current value as well.

Important to Note:

Redemption requests are typically processed within one business day after the cut-off time (usually 3 PM) on which they are received. The proceeds will be credited to your registered bank account after applicable charges are deducted.
I hope this helps!


Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in