UTI Asset Management

UTI Mutual Fund
	Logo of Unit Trust of India
Formerly	Unit Trust of India
Industry	Mutual fund
Founded	Unit Trust of India Act 1963, UTI Repeal Act 2002.
Headquarters	Mumbai, Maharashtra, India
Area served	India; Dubai; London; Singapore;
Key people	Imtaiyazur Rahman; (Director & CEO)
Products	Mutual Funds; National Pension System; Private Equity; Private Debt;
Services	Portfolio Management Services; Mutual Funds; National Pension Scheme; Offshore Funds;
Owner	Life Insurance Corporation of India; Bank of Baroda; Punjab National Bank; State Bank of India; T. Rowe Price;
Number of employees	1,365+ (2019)
Subsidiaries	UTI Asset Management Company; UTI International Limited; UTI Ventures; UTI Retirement Solutions; UTI Capital;
Website	www.utimf.com

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Exchange Board of India (SEBI) registered mutual fund from 1 February 2003.^[1] The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into: Specified Undertaking of Unit Trust of India (SUUTI) and UTI Mutual Fund (UTIMF).

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.^[2]

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.

References[edit]

↑ Subhamoy Das. Perspectives on Financial Services. Allied Publishers. pp. 8–. ISBN 978-81-8424-409-0.
↑ "Amc Branches | Mutual Funds in India | Investment Plans". www.amfiindia.com. Retrieved 21 August 2018.

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Template:Investment management

[Das-1] Subhamoy Das. Perspectives on Financial Services. Allied Publishers. pp. 8–. ISBN 978-81-8424-409-0.

[2] "Amc Branches | Mutual Funds in India | Investment Plans". www.amfiindia.com. Retrieved 21 August 2018.

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