UTI Asset Management

  (Redirected from Unit Trust of India)

UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India (SEBI) registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into: Specified Undertaking of Unit Trust of India (SUUTI) and UTI Mutual Fund (UTIMF).

UTI Mutual Fund
FormerlyUnit Trust of India
TypePublic company
IndustryMutual fund
FoundedUnit Trust of India Act 1963, UTI Repeal Act 2002.
HeadquartersMumbai, Maharashtra, India
Area served
Key people
Imtaiyazur Rahman
(Director & CEO)
Products
Services
  • Portfolio Management Services
  • Mutual Funds
  • National Pension Scheme
  • Offshore Funds
Owner
Number of employees
1,365+ (2019)
Subsidiaries
  • UTI Asset Management Company
  • UTI International Limited
  • UTI Ventures
  • UTI Retirement Solutions
  • UTI Capital
Websitewww.utimf.com

T Rowe Price Group Inc (TRP Group), through its wholly owned subsidiary T. Rowe Price Global Investment Services Ltd. (TRP), has acquired a 26% stake in UTI Asset Management Company Limited (UTI AMC).

UTI Mutual Fund is the oldest and one of the largest mutual funds in India with over 10 million investor accounts under its 230 domestic schemes/plans as of September 2017.

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/NISM certified Independent Financial Advisors and 174 Financial Centers.[1]

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 Mastershare (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.

See alsoEdit

ReferencesEdit

  1. ^ "Amc Branches | Mutual Funds in India | Investment Plans". www.amfiindia.com. Retrieved 21 August 2018.

External linksEdit