Invest in capital market for good return: UTI Chief

As per the news by PTI, the Indian market will continue to perform well in coming days as well.

The investors can make good money on return, if their funds remained invested in the capital market.

The CMD of Unit Trust Of India (UTI), Director U K Sinha said, “The Sensex, which as an index was created in 1980, had given a compounded return of 17 per cent year-on-year (Y-O-Y).

“This was the period when GDP growth was very low, there was an external war and civil disturbance and natural calamities. Despite all these, the benchmark has given a compounded return of 17 per cent,” he maintained.

Sinha, who chaired a committee on behalf of the central government on Capital flows to the country, said during 2000-2009, the Indian economy had become closely integrated to the global economy.

Indian corporates have foreigners on board, Foreign pension funds are investing in India, he said adding Indian pension funds will have to come to the market and it would give a boost.

UTI presently has one crore investors.

UTI also launched schemes for milk farmers, women and an income protection scheme for girl child below poverty line in Bihar, which is the largest scheme in the world.

Commenting on the protection  to investors, he said Indian investors are being protected. No where in the world today entry load has been banned like in India. Replying to another query, he said Retail investment penetration was very low in India.

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