New Delhi, Dec. 6 :    New Delhi, Dec. 6:  The Unit Trust of India (UTI) today sought to allay apprehensions on redemption pressure for US-64, saying it has been low last month. Rather, the mutual fund major expects the market to improve, edging up its net asset value to par value soon. UTI chief M. Damodaran, who came here to meet finance minister Yashwant Sinha regarding the mutual fund's performance, restructuring plans and the reports it is submitting to the Joint Parliamentary Committee on the stock scam, told newspersons that redemptions in November had been normal and cost the company Rs 43 crore. Further, Damodaran said he felt the UTI's net asset value was moving up and would touch par levels soon. Ministry officials added he had been quizzed on the mutual fund's ability to meet the heavy redemption pressures expected next year on other key UTI schemes. The finance ministry is keen that it does not have to face any further cash crunches and officials said it would prefer to pre-empt such a problem with budgetary support if such a situation is anticipated. The mutual fund, which has some 2 crore investors, mostly from the middle class, was bailed out earlier this year after its top scheme US-64 went bust and the government is facing considerable flak for having allowed it to sink into a financial mess. A joint parliamentary panel is currently probing the mutual fund's purchase of dud shares while the CBI is conducting another probe into allegations of collusion between the fund's top management, shady brokers and companies, especially Reliance Industries Ltd, in which UTI has invested heavily..