UTI Asset Management

UTI Mutual Fund

Formerly	Unit Trust of India
Company type	Public
Traded as	BSE: 543238 NSE: UTIAMC
Industry	Investment management
Founded	1963; 61 years ago (1963)
Headquarters	Mumbai, Maharashtra, India
Area served	India Dubai London Singapore
Key people	Imtaiyazur Rahman (Managing Director & CEO)
Products	Mutual funds Exchange-traded funds Index funds Fund of funds Gold exchange-traded products Commodities Real estate investment trust Government bonds Corporate bonds Asset management Risk management National Pension System
AUM	₹283,026 crore (US$35 billion) (December 2023)^[1]
Owner	Life Insurance Corporation of India (18.5%) Bank of Baroda (18.5%) Punjab National Bank (18.5%) State Bank of India (18.5%) T. Rowe Price (23%)
Number of employees	1,422 (2023)
Website	www.utimf.com

The UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India-registered mutual fund as of 1 February 2003.^[2] UTI Mutual Fund was launched by the Government of India in 1963, and it is one of the oldest mutual fund companies in India.

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UTI Mutual Fund Company

UTI Mutual Fund is the oldest mutual fund companies in India founded by the Government of India in 1963 with over 22 million investor accounts under its 230 domestic schemes as of September 2023.

UTI Mutual Fund has a nationwide distribution network, which is spread across the length and breadth of the country. Its distribution network comprises over 48000 AMFI and NISM certified Independent Financial Advisors and 174 Financial Centers.

UTI Mutual Fund has been the pioneer for launching various schemes viz. UTI Unit Linked Insurance Plan (ULIP) with life and accident cover (Launched in 1971), UTI Master share (Launched in 1986), India's first Offshore Fund – India fund (Launched in 1986), UTI Wealth Builder Fund, the first of its kind in the Indian mutual fund industry combining different asset classes i.e. equity and gold which are lowly correlated.

The assets under management are more than Rs 20,000 crores. An investor can start a Systematic investment plan (SIP) with a small amount of Rs 100.

Organization

It also manages pension funds in India. Currently, manages it has an investor base more than 22 million investors. It has a distribution network of around 1,83,000 distributors. The company is present in more than 185 cities and has more than 190 branches.

UTI Mutual Fund is one of the oldest Mutual Fund Company in India. It currently operates more than 190 branches in India with headquarters in Mumbai, and has more than 22 million investor accounts, with a distribution network comprising 1,26,987 empaneled distributors. It is currently managing more than 2,73,000 of equity assets.

Products and services

UTI Mutual Fund follows an institutionalized investment process. It includes investment universe, research, idea generation, company meeting and idea discussion, Investment report, portfolio action and on-going review. The fund manager is the decision maker for their portfolios.

References

^ "Top 10 mutual funds in India; Nippon India Mutual Fund AUM rises 37.06% in 2023". economictimes.indiatimes.com/. 16 January 2024.
^ Subhamoy Das. Perspectives on Financial Services. Allied Publishers. p. 8. ISBN 978-81-8424-409-0.

External links

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Americas

Canada

USA

EMEA

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APAC

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Korea	Mirae Asset Financial Group Samsung Asset Management Shinhan Asset Management
Others	Eastspring Investments

Methodology: By AUM

Authority control databases
International	VIAF
National	United States

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