UTI-II to be headed by a professional: Jaswant

Finance Minister Jaswant Singh said on Tuesday that the government was committed to appointing a professional to head the UTI-II, which runs all the net asset value based schemes.

"We will find the best possible talent to lead the UTI-II", Singh told the Rajya Sabha adding the current administrator of the mutual fund M Damodaran had performed his duty well.

Singh said after Damodaran completed his work on the US-64 and the assured return schemes, which are under UTI-I, he would be given a "suitable" assignment.