 bui no ~ or 1"5 the unir<l trust of india (amendment) bill, 1965 a billjurtmt to amend the unit trust of india act, 1983 be it enacted by parliament in the sixteenth year of the;-', republic of india as follows: - - - i , 1 (1) this act maybe called the unlt trust of india (amend- sbort due· : ment) act, 1965~ and com-jdedce-s (2) it shall \,;~me into force on such date as the central govern- ment - ment may, by notification in the official gazette·, appoint 52 of 1963 z in section 2 of the unit trust of india act, 1963 (hereinafter amendreferred to as the principal act),-mcnt of secuon 2 (t) after clause (c), the following ~bluse shall be inaerted 10 namely:-'(cc) "ftrat unit lcbeme": means the unit 8cheme made before the ~_eemedt of the unit trust of india (amendment) act, 1_;'; i :--:  ~' '~4~ (ii) after clause (j), the following clause shall be inserted, namely:-'(;;) "subsequent unit scheme" means any scheme made after the commencement of the unit trust of india (amendment) act, 1965j'; s (iii) in clauses (n), (0), (p) and (q), for the words "the unit scheme", the words "a unit scheme" shall be substituted amendment of se:tion 4 3 in section 4 of the principal act, in sub-section (5), for the words "the contributing institutions", the following words, brackets, letters and figure shai: :-r; substituted, namely:-10 "any contributing institution, and in making any such refund the board shall not make any discrimination between the institutions referred to in clause (c) of sub-section (2) or between the institutions referred to in clause (d) of that subt · " sec ion is 4 in section 19 of the principal act, in sub-section (1) ,-amend--"tmm 01 section 19    (i) after clause (c), the' following clause shall be inserted, namely:- "(cc) formulating in relation to any unit scheme-(,   , ," (i)  savings and life insurance pl~ or plans in as-: 0  ":, ,sacia:tion witlf or, q the agent of,:the  life inurance corporation of india, but not including the 'life insurance businessj or  - (ii) any other p~~n ~ plans, under which a person may acquire  ,an  interest -in unitsj"j 2s < •• ,-- - - - ••• (ii)  in clau~ (~), after the ~o~ ','matters ~d, things", jhe words "as may promote the sale of unlt,or' -hall be 1mierted      ," ',     amend- 5 in section "20 of the principal act, for sub-sections (2), (3) a~d -ment ~t,··'(4)~ 'the1011owing sud-sections shall be substituted, n~ely;-  ' " aection         ,  20 :  4  "(2) the trust ~y 'borrow- money from the reserve bank- 30   (i) repayable' on demand or on theexpil1' of a fixed '   ~  ~ • period not'exceeding ninety dayi'ftont··the date' on ·whieb"  t~e m011ey is 'so borrowed, against stocks, fun~ add ~ecuri­ties (other thaniriurtovable property) 1n whicb a tnljtee--:i8 authorised to invest trust money by 'ahy law-for 'the time '35 being in forcein:lndfa;  :" , , '7··"'r·~,~~  , (ii) repayable on demand or within a perlcxi ofetghteen " ~ '; ,'~  months from the date on whic:b thejdon~ hi·1io borrowed, ~l'cq· agaidstthe ·security :of'the· boods wbieh,l\he 'fniat,~ issue with the approval of the·~~l ~emm"i;;::::f':, (iii) on 8uch terms and conditions and againlt the security of such other property of the trust as maybe specified in this behalf by the reserv£· bank-for the purposes--or-f-srann,v---,-- --scheme other than the first unit scheme: ,   s provided that any amount borrowed under this clause and outstanding at anyone time shall not exceed--10 (4) five crores of rupees in respect of each such scheme; and  (b) ten crores of rupees in respect of· all such schemes in the aggregate (3) the bonds issued by the trust under sub-section (2) shall be guaraliteed by the central government as to the repayment of principal and th~ payrqent of interest t such rate as may be fixed by· the central government at the time the bonds are issued" 15 6 after section 20 of the principal act, the following sections shall insertion -'be'ihserted, 'ria~ely:--:       ~::::  " 20a and 20b ~20a the reserve bank may, from time to tjme, in its dis- special 20 ·c;reti>~ pay to th,e trust from out of the amount payable to the ~:~';'-, reserve bank under sub-section (1) of section 251,\ any sum to reaerve be uf;ilised by the trust solely for meeting the losses arising out bank of, or any additional amount required in connection with, ~y variution made by the trust in the' sale or re-purchase price of a unit 30 20b the trust may' receive gifts, grants, donations or bene- grantl, factions from government or any other source and such gifts, donations,· grants, donations or benefactions shall be treated by the board etc, to as capit~l or income of the first unit scheme or, as the case may trust  be, of any subsequent unit scheme according to the ourposes for which ~bey are made ~in lh~ abse,nce of any indicc4tion of such purposes, theyshallbe treated as capi~l or income of:such unit scheme or schemes and to such extent as the board thinks fit" 7 in section 21 of the principal act,-' aalend-3s (a) in sub-section (1), fot the words -mshatt make • unit' med1  ;- of aeehon scheme"; the words "may make' one or more··urnt schemes" shajl 21 be substituted;  (b) in iu~ (3), for the words "the scheme"; the words u any iicherne" ihall be substituted; (c) in u~tion (4), for the words "the scheme", the worda "every scheme" shan be substituted ----8 for chapter v and sections 22 to 25 of the principal act, the following chapter and sections shall be substituted, namely:- 'chapter v niocation and distribution or mcome and dsj:rvb j'umds22 (1) the capital of the trust in relation to the fint unit scheme shall consist of-subltltutlod of new qgpter for chapter v capital oltha --,--""t, (i) the initial capital, 10 (ii) the unit capital of the said scheme, (iii) any reserves created for that scheme, (i~) any amount borrowed for the purposes of that scheme, (~) any amount received for the purposes of that scheme by way of gifts, grants, donations or benefactions from the 15 government or any other source and treated as the capital of that scheme under section 20b, (vi) any other capital allocated to that scheme by the ' ~oard having regard to the nature of euch capital and other ,relevant facton, 20 (2) the capital of the tnut in relation to any subsequent unit scheme shan consist of-(i) the unit capital of that scheme, (ii) any ~rves created for that ac:heme, (iii) any amount borrowed for the purposes of that 25 scheme,  (i,,) any 1qi10unt received for the purposes, of that scheme by way of guts, grants, donations -:>r ,benefactions -from  the gove~nt or any other source and t~ated -as the capital of that scheme ,under section ~ob, _ -30 (~) any other capital allocated to that 'scheme by the board having regard to the nature of such capital and other relevant facton (3) the capital in respect of a unit scheme shall be held separately from, the capital in respect of my other unit scheme 35 and such capital shall, subject to the provisions of this chapter, be applied solely for the purposes of that unit icheme 23 the income of the trust shall consist of-,  (i) in relation to the first unit scheme,-(4) the income -&rising out~of~th~e-ca==p"'it=al·=-re~f;::-:err=-=-ed~to=-----­in sub-eection (1) of 'section 22, (b) any gifts, grants, donations or benefactiods treated as the income of that scheme under aeetion 2gb, and 10 (c) any other income allocated to that scheme by the board having regard to the nature of the income and other relevant factors; (u)in relation to any subsequent unit acheme,-(4) the income arising out of the capital referred to in sub-section (2) ot section 22, (b) any gifts, grants, donations or benefactions treated as the income of that scheme under section 2gb, and (c) any other income allocated to that scheme by the board having regard to the nature of the income and other relevant factors 20 24 the income of the trust in any year arising out of the aliocauon capital of the tntst rt1ating to the first unu· scherae shall be gf jdeglde adocated to the initial capital and the unit capital thereof in the 1d reaped same proportion as the former bears to the latter at the end of :::a' that year acbeme 25 25 (1) the interest payable for any year for any borrowinp allocation by the trust and the total amount of other expenses incurred by of intend the trust for that year for the purposes of the first unit scheme add otbei' shall be allocated and charged to the initial capital and the udit expenses capital thereof in the same proportion as is referred to in section 24 30 35 (2) notwithstan~~ng anything contained in sub-section (1), if in any year the amount of expenses, other than interest allocated to the unit capital relating to the first unit scheme is more than five per cent of the income allocated in that year to that scheme, only an amount equal to such five per cent shall be charged to that unit capital and the- rest of the total amount of expenses· other than interest shan be charged to the initial capital , (3) the interest payable for any year fol' any borrowings by "'the trust and the total amount of other expenses inc,urtec:l by the tnist in that year for the purposes of, any sub&ecfuent unit -scheme ,  "  ,  i,f " shall be charged to the unit capital of such scheme in such'manner and to such extent as the board may, with the previous approval ,,' ; of the reserve bank, determine --- =------(4) for purposej of this section, where expenses are incurred  ill conunon by the trust in relation to more thap one unit ichem~ s , " such expenses may be allocated to the different' schemes to such extent and in such manner as the board may, wi~the previous apl)roval of the reserve b~nk, determine having regard to the nature and purposes of the expenses and other relevant factors 25a (1) the income allocatpti to the initial capital in any 10 year reduced by the interest and the amount of other expenses distribution of income ~,  , "  , , " of ~arged ·for that year to the initial capital may be distributed in the prescribed manner among the contributing institutions in each case in proportion to their respective contributions    ~ (2) the income allocated in any year to the unit capital 1'5 relating to the first unit scheme reduced by the inte}'est and the  " amount or ,other expenses charged for that year to such unit capital may, but not less than nfnety per cent of such income so ~educed, shall, be distributed in respect of that year to the unit holders under that unit !scheme  20 (3) the income allocated in a~l year to the unit~~pital relating to each of the subsequent unit schemes reduced by the interest and the amount of other expenses charged for that year to such unit capital may, having regard to the purposes of that scheme and other relevant factors,-2s  (i) be distributed in respect of that year to the unit holders under that scheme in such manner and at such  , oj ' : ~rcentage  of the income so reduced as the board may detennine; or reserve funds (ii) be carried forward and re-invested or otherwise 30 utilised for the benefit of the unit holders in accordance with the provi-ions of that scheme - 25b(l) the trust may establish one or more reserve funds by transferring such sums as it may deem fit out of the amount of the income of the trust not distributed to the contributing 35 instit~tlons or unit holden under the provisions of this chapter - ' " "(2'), flabjeet to the' -proyiaions of this -aet, the ameunt ilt my reserve fund created specifically for the purposes of any unit  'scheme shall be applied or utilised only for the beneftt of the unit holders 'under that unit scheme and for such purposes and tn such 40 ' " m'aorier' b the' board may determine ,  25c in thta chapter, "year" means the period in respect of defini:on • which ihi books and accounts of the trust are balanced and closed under sub-section (2) ~f section 26' ',' "'   i in section 27 of the principal act, for sub-section (1), the follow- amend-s ing 'sub~sectton 8hall:b~ tlubstitttted,·namely:-',  ':, •• !::' ~ ment of  - '    ,:  section , '":(l) 'l'be affaira qf, ~e tl'ust ~au b~ audi~ed by \on, or mo~~ :,27 1 of 1958 ~ ,auditora duly:quaufled:to act as auduorunder ~~tion: (i)  of  jection: 216 of the· companies act, 1956 (h~inaft,er· refexreci to' ' sp  +~e auditor) who shall be- appointed by the ~ru~tlwjth the pre-· 10 • viousapproval:of the reserve bank an~ sbllreceive:sw:}ll"eldu~ ' neratiod as ,the~ may·futj' ' ' ,: i' '" j ""';"': ~' '·t  : 10 i~ section'32"~f the principal ~ct, in ~~~c~~~!'d),-, ~::~" ~n~n:~'1 - '  (i): ~tex: tl;ae words, and figures '~~h,e super ~rollts rax j\ct, ecuon 32 - i c - ~ '     4" "j9~,", ~q~re, ~~y occu~:for the~tjim~~ ~e:~~~s, ~,~~«tke~ ~~, !!!'y~~  ,is, figures "the comp~~i (frfofi~) ~lwt~~chj~~," :~~~, ~e~jn;-, serted; (ii) for the words "or super profits tax", the words "super profits tax, surtax" shall be substituted; 4' :,,; - (iti)" in ~ia~~ (a), after the words "~n,lp~r pr;okittax~';' the word, "surtax" shall be inserted;" j\ ' ,:!':;,:,  ~ ' ' 20 (iv) in clause (c) ,-(a) after the words and figures "the super profiti tax act, 1963", the words, brackeh and figures "or to surtax under ,the companies (profits) surtax act, 1964," shall be inserted; -7 of 1~ (b) after the words "for the purposes of super profits tax", the words "or surtax" shall be inserted " i' t:-'  -  "  ;  ' • '1 •• ' ", -: ~ •• i  ,ii in section l7of-the reserve banke of lndia'ad, 1934,in clause!:ne:'!i (4b~~; ,-'   act 2 of ~  ' - , t (i) the wo~d "or" occurring at the end of: sub-cl~use ,(i) 'shad; 1934 be omitted; \- :~  r,::=: ~c,:·~_  ' ir\~! - 30 ,  ' (ji), rafter, ~ul:>-c~ause (ii), the following ,  ~b-cl~~, ~l~': be , inhl;'ted, julillell: - " '   '  ' ,', '  ,:' _~ _~  , _ ", _ • ~, ', ~ , ~ ~  ,  - ~,  "  '  '>i~  -i:  , ' ___ , __  ,"  ~,  l"  ~~__  _~_  __  _, _ _  - '52 of 1963 ( • '  35 : "(iii)' fc:»r' the pt,lrpose of anysc~~~e-·other\t~~·t1ie~~t;  jlnit scheme ,under the u~t trust of india ~ct; 1~3 ,on 'such'  terms and c:onditiqn& ad~ against-the 8~urity ,qfs~clt qijler property of the unit trult as may be specifted in this, behalf by the bank;"  statement of objects and reasonsthe unit trust of indla ~t, 1963 provides at preaent for the sale of units by the trust under a scheme, which was brought into force on july 1, 1964 although the reiponae from the public has been encouraging, it is conlidered desirable that the trust should be enabled at thilltage to offer, in addltion, facilities for the acqulsi-~ioil'" "'n1ts by various claues of mvton, under other schemes catering to their special preferences or requiremmts it is lso propoaed that the unlt trust ihould be in a position to formulate plans for the accumulation of savings by intending investors, for subsequent invlltment  in units 2 the bill seeks to amend the unit trust of india act, 1963 for these and for certain other purposes the notes on clauses explain in detail the various provwons of the bui new nam; t t krishnamachari the 4th deeembet", 1985  president's recommendation under article 117 of the constitution of india[copy of letter no f 15/15185-sb, dated' the 8th decejnbli', 1965 from shri t t krishnamachari, minister of finance to the secretary, lok sabha] the president ~ving been infonned of the subject matter of the propooed unit trust of india (amendment) bill, 1985, recommends the introduet1on of the bill in the lok sabha under cla~ (1) of arucie 117 'of the constitution tlgu8e 3' provides' for deftmtions the present unit cheme 11 propoeci  to 'be defined as the first 'unit ic'hedie mdthe other' cmemea which may be prepared by the trust will be referred to 'as the iubaequent unit scheme& cia",e 3-proviaion has been made in section 4' o:t the act for the biitial capital to be refunded, in ease this 18 codddered n~ or pouible, to all the· insiitutiona the section as it is now c:1raltec1 does not, however enable the trust to return the initial capital odly to the ftnane1al corporations or other notifted'1inanclal inltitutiodl, 88 diaud-guiahed from (a) the reserve bank, (b) the life insurance corporation and (e) the state bank and its subsidiaries it is proposed to empower the unit trust to return the initial capital separate1,, or only, to these flnanclal corporations or notified financial institutions, or to the institutions mentioned in each of the other categories referred to above cl4uae 4 enables the trust to formulate aavings-etcnrinsurance or other savings plans the amounts accumulated uuder these plans wlll be invested in units under the various schemes, w:atch may be formulated and announced by ~e trust clause 5 provides for the grant of loans to the trust by the reserve bank of india against debentures and ordinary shares held by the trust, notwithstanding the fact that these may not be trustee securities it is considered desirable that the trust should be enabled to borrow on the security of theae investments, for the purposes of the subsequent unit schemes c'zciuae 6 provides for the waiving by the reserve bank, in case this is considered necessary, of the amount due t9 it on account of the interest 'or dividend on its cldtributiod to the id~!ia1 capital the amount, which is thus waived, wm be utilised for aubsidising any conceasion to the investors in determining the sale or repurchase price of units clause 6 also provides for the receipt of other donationa or gifts by the trust clejuse 8 provides for the changes which will be nec~lry in the chapter relating to the assets and income of the trust and the distribution of the income it is proposed that the income rel&ting to each unit scheme should be segregated and accounted for separately whue czguae 9 is aelf-expladatory czcluae 10 provides for a minor change in codi8quedce of the enact-,at' of the con1puies (proeta) surtax act, 19m  i'  : •  : (0) 'udft ~ me~ the, ~~te of the face value 'of tile mdts mid udder the unit icb8i:ne add outitancung for' the -, ···tbdit tjeiiar"- ~"'-' ! -,  ~  - -~ , - "'0'   ""ll"-:r ,1_\  ~c""tt~fi- ',~nl a -tircate tasued to ~ nil;'" 0 • ';:ot a um7:8-theun1i ~~ r- --~,  ~ "ubit w  ,·  , for the time beinl 1"f!oo1-nlsed by the trust u the hoi  of a unit certtftcate under the  u¢t scheme; 4 en - - - _ , ,(5) if ~t ~1 time theboard is of opinion that tbe amount of the ~ ~ fnltlal! ~ ,ii in acea of the requirements of the trust, it may ~ -'  ~i!p ~ whole or or part of such capital to tile· codtr1blj~  titutlodr ' ; r !  " 1'w4dec1 that wt  apart - ,0 refimded the amount to he rifantact- eaab'juch 'tblt:ftattda aba11 'heir,  far pbtiilble, :tbe same proportion to the contribution· made- by it u such part bean to tb, initial capital: , prdridecl ~1iult for the purpose of any refund, the value of the fnltfal capital hall be determljied by the board on such basil u the central government may specify in tbbj behalf, regard being had to the real or exchangeable value thereof - - - - - d (1) the trqst may carry on and transact any of the fouow- buts: iiiihiigi ol'y,tiildm; biiim1"'-:"-~"'~ -  - '' ",   - , of tn" - - - - - 1 ;~n ;:':'q;~  ~ ~t) generally, doing all such matters and thinp  may be idcidental to or consequential upon the discharge of its :fudcti0di under thla act  - - - - - - jo (1) - - - - - (2) the trust may borrow money :from the reserve bank repayable on demand or on the expiry of a fixed period not exceeding ninety days frmn tlle djte q~ wl1j~h tbe money ~iq boj,tqwed a~ atocks, fundi and securities (other than immovable property) m which a trustee is authorised to invest trust money by any law for the~~ qelng in fqrce ill mcu (3) if the board,ls of opu,uon that a lituation has arisen in which it i~ i\~ or expedien~ fqt the trust to l:»ofl'qw mqney from the reserve bank against securities other than those menij~ h1 ~b­section (2), ~e trust may borrow money from that bank repayable on demand or within a period not exceeding eighteen months from the date on which the money is so borrowed against its own bonds ~'~'rj'uirtjp8y'~ w1~ ~ apr~oval oj the gentra190vem-~l ' (4) the bonds issued by the trust under sub-eectton (3) ahal1 be guaranteed by the central gt>vemdtellt 88 to the repayment of prlnclpal and t'le payment of interest at such rate as may be fixed by the central government at the time the bonds are issued unit zl (j) for t~e purpose of providin~ facuities for partic:ip~tfon lcbeme in· the fd,~~e, proft~ and galns arising out of the acquisition, holding, management or' disposal of securities by the trust, the board a}1all ~e a unit  scheme  :   :: : (' :   , ~   (3) ·tm-bopd·may', :from,·timeto time, add:to oz,otbel'wji6   the seheme made under euh-section (1) (4) the scheme made under sub-section (1) and every amendment thereof under sub-section (3) shall be- notifted in the· oilclal gazette    ch4pi'er v auocanon and dis'l'ribu'l'ion or incomb22 (1), the total gross income of the trust in any year shall be allocated to the initial capital rnd the' uillr capff"il 'ttl' the ·ame·l>~  portion as:· the former,bears to· th latter at tee end of that year (2,)~~ther~'" pqbh\ for an, yal' ~ aa, ~  ~ ;if "b7, tm:~ lad the, tatal  ajpount of other exp8wiei lneuritd d,t" , trikt id tbal l~'~jj ~ a1loca~d and,chargad to the initialcapital and the  unit capital in the same proportion  is referredlto· ~ in sub-section (1): / -""~ tluat~utm -noudt of , other tit  ldteresf allocated to the unit cepjtal fa more than five per eenl of the' gross income allocated to the unit capital in that year, only an amount equal to such five per cent shall be charged to the unit capital and t  l'aiit  of the total amqudt· of expetlle8 other 'than, 'interest shall be· charpdt· to tbe -idial capitel ii 'ell;: 'l'h~  g'qsllnc:cmut allocated to the inlual capital in- any dlitribu  yeat red~ ~ the lqtferest and the am~unt of other expedse8 ~t ~~~pr ~t 1~at ~ tbe initial ~pital 1j1af, ,btt,diatdhutecl in ineoma ~pj'pc[l~djdadner iuxiodi' the contributing instiwtiou~,·-pr()o p011jo~~ ~~~~ cqntril>\qtqlla, to tbe iaitial capital, (2) the· gross income allocated to the unit capital in lidy year redueed by the interest and the amount of other expenses charged for that year to the unit capital may, but not leas than ninety per cent of tj¥! gross income so reduced shall, be distributed to the unit holders in respect of that year  - 1 24 notwithstanding anythinil~ntamed in section 22 or section 23, dutrlbuwhere the whole of the initial capital has been refunded to the con- tion of tributing iqltitutions, the gross fneome in any y~reduced 'by the id~~~ interest paya~' !~_ ~~  year for ant ;bprro~~ ,~4a by; the ~t:=:;'  ~a1iotifajifbwit'of~·expenies fneutted by ~e ~_b,~t~~·~,1 year may, ~dot·l  ~' ~p!r cent~ of' the' gross income c  b·e:-: 10 reduceclshal1;'be~ ~si:ributed to theumt holclerir in -respeet of that ' '_i ';: _ "  j~ ~ _'-1 in  thie'! ebapter' "year"' means the- period fri' ~t of which deftnltioa the boob· 8ild aecoudta· of the trust "are balanced and clor-:~-d under of ~ar l\i~tiod (2)' of· section 26:   , - - - - zt (1) the affairs of the trust shall be audited by an auditor audil duly qun&!d to act a&dauduor udder- sub--section (1) ot section lni 220  otkcampadj actrla5i,rwjle  hob! appotnted'~'ttie trust an«;{ ~ rece1vesw:h  remuneration as the·trust 'may ftx - - - - - ill;  ; 1& (j) motwlthltaddin anytbidg' coiltlfdec:l in the incomtu act, 1111, the super profits tax act, 1883, or in ady other ~t  or 1111 f • the time beida in force relating tojdcometu, mper-taz or'lupei' 16of1_ pi'01lta tax, or ady other tax on income, proita or tatn , "  (a) the trust shall not be uable to pay income-tax, 8upertaz·  r prost tax or any other tax in reaped of any ldcome, proftu or pins derived by it from any eource; - - - - - - (e) where - contributing tnstiltuuon ii hable to be alrelsed to 8uper profita tax under the super profits tax act, 1983, in rea-- 16 ~ 1 pact of its own income, projltl or gains and receives any iud1 ' from the trust under this act in reapect of it!'· contribution to the initial capftal, such ~ u reduced by the ~ui1t of any fdcometax abd mper-tupay!lble in r8spect thereof abad be ex6tuded from the total income of the ibid lnatftuuon iii compu-ting ita chargeable profits' for the purpoaes of auper pros  ' tax  - •• - - · '  ex'ftiac'l' wok 'fil1' risao ba1nt o ijmia acr, lam(2 or 19m) - - - - -  17 the baqlr shan be u~ ~ carry on addtradlact the =,:; eeveral ldiw of businll ~ter lpedaed, jwdfil~~  ,  ',  tl-=to "   • '  , _ ~  <'"' -, • '!,»  ' •••• '" i (eas) the making to the unit truiof ~oana add • d~ 0) repayable on demand or on the ezpiry of ' ized period dot uceedlng ninety days from the ~~ of such load or advance against the security of stocks, funds and seeurltfea' (other than immovable pl'flperty) in which a trustee fa authorised to invest trust money by any law for the time bein,ld fo~ id india, or  (ff) repayable on demand or within a period of eighteen tdgilths from the ate of saeh loa or advance qrdd8t the  , -curity of the bonda of the unit trust iaued with ~e apptoval of and guaranteed 6y the central government; •• - - - - /' , !  a bill fdnher tu mem tbe unit trust of india ai:l ~63 ~                                                       "                                                                                                                                            r'                                                                                                                                                               ""'l~                                                                                                                                                                                                   ,  ,~  : :'  - ,' 