UTI Mutual Fund

UTI Mutual Fund

UTI or Unit Trust of India is a SEBI registered Mutual fund from 2003. Four largest public sector institution in India promote UTI mutual fund, these banks are State Bank of India, Bank of Baroda, Punjab National Bank and Life Insurance Corporation of India. The article is all about a brief description of the fund house’s background history.

The asset management group has established a nationwide distribution network all over the country. The fund house comprises over 48000 AMFI/NISM certified independent financial analysts, more than 150 financial centers. Besides this, it has 302 gun development associates. Under its 230 domestic schemes/ plan (as on Sept 30, 2017) UTI Mutual Fund has over 10 million investor accounts all over India.

UTI is one of the largest mutual funds consists of different asset classes and launched various schemes such as UTI Unit Linked Insurance Plan with life and accident cover, in 1986 it launched UTI Mastershare, in 1986 India’s First offshore fund was launched.

We can columnize the fund house history:

  • UTI is India’s most well-establish asset management group. The institution has a good track record overall the past years. It has shown strength in overcoming financial turbulence.
  • The asset management institution has an immense contribution to the industrial and capital growth in the market. It has diversified financial service and products.
  • UTI has different business activities under asset management group like the domestic mutual fund, portfolio management services, international business. Apart from this, there are retirement solution, venture funds, and alternative investment assets.
  • With more than 150 branches, 47000 highly trained IFAs,  320 chief agents, and business development associates UTI reaches near the peak point. Besides this, It has over 1 crore investor accounts.

In the product option, the company has four different segments like Asset Class, Exchange Traded Fund, Solution Based Fund, New Fund Offer.

So, these are some of the important points based on the company profile.