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AN INVESTOR WAITS OUTSIDE THE UNIT TRUST OF INDIA IN BOMBAY, 1998-10-06 (photo)

IMAGE number
REU8202883
Image title
AN INVESTOR WAITS OUTSIDE THE UNIT TRUST OF INDIA IN BOMBAY, 1998-10-06 (photo)
Auto-translated text View Original Source
Photographer
Savita Kirloskar
Medium
photograph
Date
1998 AD
Shooting Date
1998-10-06
Image description

An investor pauses outside the office of the Unit Trust of India (UTI) in Bombay October 6 after putting in an application for withdrawing his money. UTI, the country's largest mutual fund, triggered a panic among small investors when it revealed last week that the value of its portfolio was eroded after India's nuclear tests in May and the subsequent economic sanctions. UTI officials strongly denied there were redemption pressures and said big investors would stay with the fund. UK/CC/KM

Photo credit
REUTERS/Savita Kirloskar / Bridgeman Images
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