UTI Asset Management
From Wikipedia the free encyclopedia
 | |
| Formerly | Unit Trust of India |
|---|---|
| Company type | Public |
| Industry | Investment management |
| Founded | 1963 |
| Headquarters | Mumbai, Maharashtra, India |
Area served | |
Key people | Imtaiyazur Rahman (Managing Director & CEO) |
| Products | |
| AUM |  ₹283,026 crore (US$35 billion) (December 2023)[1] |
| Owner |
|
Number of employees | 1,422 (2023) |
| Website | www |
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.
UTI Mutual Fund Company[edit]
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[edit]
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[edit]
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.
See also[edit]
References[edit]
- ^ "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[edit]
Major asset management companies | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |||||||||||||||||||||||||||||||
| International | |
|---|---|
| National | |
