UTI Mutual Fund was formed out of the Unit Trust of India as SEBI registered mutual fund from 1st Feb, 2003. Under Unit Trust of India Act 1963, UTI was classified into- Specified Undertaking of Unit Trust of India (SUUTI); and UTI Mutual Fund (UTIMF).
UTI is sponsored by the 4 largest Public Sector Financial Institutions-
State Bank of India
Punjab National Bank
Bank Of Baroda
Life Insurance Corporation of India
UTI Mutual Fund(UTI MF) serves the need of every class of investors. There are 150 UTI international offices and UTI financial centres(UFCs) in Dubai, London and Singapore. UTI Mutual Fund is managed by well-qualified fund manager. UTI MF is positioned as dynamic, transparent and responsive fund house.
Following are some of the factors contributing to UTI MF as one of the most credited mutual fund house -
UTI Mutual Fund is the best innovative wealth creator.
UTI MF has successfully created its presence across the world as the most efficient and largest wealth manager.
Investment holders highly trust UTI MF.
Features of UTI Mutual Fund
Here are some of the key features of UTI MF -
Under UTI MF, you can have your account access anytime as well as anywhere. You can get update of your investment status by simply going to the UTI's website.
UTI Mutual Fund ensures a consistent returns on both short and long term funds.
UTI Retirement Benefit Pension Fund Investment helps in enjoying periodic cash flow or income for the investors.
Investment plans like- UTI Equity Tax Saving Plan, Master Equity Plan Unit Scheme helps in Income-tax benefits and long-term capital appreciation.
Types of UTI Mutual Fund
Following are the various types of UTI Mutual Fund -
Exchange Traded Funds
Dual advantage Fund
Fixed Maturity Plan
Focused Equity Fund
Fixed Term Income Fund.
Children's Education Fund
Rajiv Gandhi Equity Savings Scheme
Eligibility Criteria for UTI Mutual Fund
Adult citizens residing in India.
Hindu Undivided Families.
Minor through legal guardian/parents.
Limited liability partnership.
Religious and charitable trusts.
Public sector undertakings (PSUs), companies,corporate bodies, and socities registered under the socities registration 1860.
Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs) on repatriation or non-repatriation basis
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Mutual Fund Disclaimer: Mutual fund investments are subject to market risks. Please read the scheme related information and offered documents carefully before investing. Past performance is not indicative of future returns. | ARN - 141396
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