UTI Asset Management
Indian mutual fund institution
- BSE: 543238
- NSE: UTIAMC
Area served
- India
- Dubai
- London
- Singapore
Key people
(Managing Director & CEO)
- 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
₹283,026 crore (US$34 billion) (December 2023)[1]- 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
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 on 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
UTI Mutual Fund is one of the oldest mutual fund companies in India, launched by the Government of India in 1963. As of September 2023, it boasts over 22 million investor accounts across its 230 domestic schemes.
UTI Mutual Fund operates a nationwide distribution network, spanning the entire country. This network includes over 48,000 AMFI and NISM certified Independent Financial Advisors and 174 Financial Centers.
UTI Mutual Fund has been a pioneer in launching various schemes, such as the 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), and the UTI Wealth Builder Fund, the first of its kind in the Indian mutual fund industry combining different asset classes like equity and gold, which are lowly correlated.
The assets under management exceed Rs 20,000 crores. Investors can start a Systematic Investment Plan (SIP) with as little as Rs 100."
Organization
It also manages pension funds in India and currently has an investor base of more than 22 million investors. UTI Mutual Fund operates a distribution network of around 183,000 distributors and is present in over 185 cities with more than 190 branches.
UTI Mutual Fund is one of the oldest mutual fund companies in India, headquartered in Mumbai. It currently operates more than 190 branches across the country and manages over 22 million investor accounts. Its distribution network comprises 126,987 empaneled distributors. Currently, the fund manages assets worth more than 2,73,000 crores in equity."
Products and services
UTI Mutual Fund follows an institutionalized investment process that includes several stages: defining the investment universe, conducting research and idea generation, holding company meetings and idea discussions, preparing investment reports, taking portfolio actions, and conducting ongoing reviews. The fund manager is the decision-maker for their portfolio.
See also
References
External links
- Official Website
- International Website
- History of Mutual Funds in India
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Major asset management companies
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