Finance Minister Defends UTC Decision To End Price Guarantee
Finance
Business
Politics
May 8, 2026
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Finance Minister Davendranath Tancoo has defended the recent decision by the Unit Trust Corporation to discontinue the Price Guarantee Provision on new subscriptions to its Growth and Income Fund, effective February 2nd, 2026.
Responding to a question in the Lower House on Friday, he assured that the UTC remains a strong, well-regulated financial institution.
Minister Tancoo explained that the Price Guarantee, which was introduced in 1985, was originally designed to encourage citizens to participate in market-based investments.
Finance
Business
Politics
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