Saturday, July 19, 2008

RTI roving eye likely to penetrate UTI MF guard

UTI Mutual Fund, the third-largest asset management company in India, could be made accountable under the Right to Information Act. In a move that could allow investors to seek data on the company's financial management, the Central Information Commission (CIC) would soon consider whether the financial control and profit sharing pattern of UTI Asset Management Company (AMC) calls for public accountability under the transparency law.

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