FORM OF ADVANCE AGAINST SECURITY OF UNITS (LIEN FORM)
Date:______________
Dear Sir,
A d v a nce against security of units - Noting Lien/Pledge - Joint Mandate
I/We, holding units under the above Folio No. in the above scheme floated by UTI Mutual Fund/SU-UTI, have availed loan of
Rs._____________ from ____________________ (the Bank) and have created pledge/lien in favour of the Bank on the units
held by me/us as detailed in the Statement of Account dated (copy enclosed) as security I/We hereby request
To
The Manager
UTI Mutual Fund/SU-UTI
Mumbai
From
Nameof Unitholder(s) : (1) _________________________
(2) _________________________
(3) _________________________
Address :______________________
Scheme : __________
Folio Number: _____________
Membership/UCNos.: ____________
Units : ______________
____________ .
you to take note of the pledge/lien, which will be subject to the conditions set out in the reverse of this Letter. All income
distributions and all maturity proceeds during the currency of the pledge/lien be credited to the Account No. _________
maintained with the Bank.
Yours faithfully,
______________ ________________ ________________
(1st Unit holder) (2nd Unit holder) (3rdUnit holder)
______________________________________________________________________________
We, ______________ (the Bank) have provided the aforesaid financial assistance to the aforesaid persons on the strength of
the pledge of units held by them with you as stated above and detailed in the Statement of Account above referred to. We
request you to take note of the pledge/lien on the terms anodn cditions set out in the reverse of this Letter and we undertake to
inform you by a formal letter for vacating the pledge / lifting the lien as soon as the aforesaid financial assistance is fully
repaid.
I/We have obtained from the aforesaid persons necessary transfer deeds duly executed (with Unit Certificates, if already issdu e
by UTI Mutual Fund/SU-UTI) to fac ilitate the enforcement of the pledge, if need arises.
Yours faithfully,
For______________
________________
(Branch Manager)
(PTO)
ANNEXURE IV (CONTD…….2)
TERMS AND CONDITIONS SUBJECT TO WHICH PLEDGE / LIEN IS NOTED
1) All future purchase of units by the Pledgor(s) and all units which may accrue by way of Reinvestment Plan or Bonus units
in respect of the holdings under the Folio will also be credited to the same Folio and will be covered by the Pledge.
2) No unit certificate / duplicate unit certificate will be issued in respect of the units.
3) No repurchase or transfer or otherwise encumbering of the units under the folio will be allowed.
4) Vacating of the Pledge will be only on the Pledgor(s) procuring and furnishing a formal letter from the Bank to that