Whether the NAV will be declared on daily, weekly or monthly basis?
The periodicity or frequency of the NAV will be announced before January 2002. The liquidity option has been created basically for the small investors of US-64, who may be in urgent need of funds. The UTI goes on to mention in the media release that while the unit-holders get the opportunity to create liquidity by repurchasing their holding up to 3,000 units, it would be worthwhile to recognize the benefit of the assured repurchase price offered under the package, which will increase from month to month.
