UTI Mutual Fund
UTI Mutual Fund was established in January 2003 as a SEBI-registered fund house, backed by five prominent institutional partners: SBI, Bank of Baroda, Punjab National Bank, LIC, and T Rowe Price Group Inc. Making its debut on stock exchanges in October 2020, UTI Mutual Fund has a history dating back to the 1980s when its mutual funds operated under the "Unit Trust of India" banner. Notably, UTI Large Cap Fund (erstwhile UTI Mastershare Unit Scheme), launched in 1986, stands as one of India's oldest mutual fund schemes.
The company has a widespread presence, spanning 694 districts and served through 163 financial centers and 56,600 distributors. As of December 2023, UTI Mutual Fund manages a total Assets Under Management (AUM) of approximately Rs. 273057 crores.
UTI Mutual Fund snapshot
Inception date | February 01, 2003 |
Sponsor (s) | 1. State Bank of India 2. Punjab National Bank 3. Bank of Baroda 4. Life Insurance Company |
Chief Executive Officer | Mr. Imtaiyazur Rahman |
Chief Investment Officer | Mr Vetri Subramaniam |
No. of Schemes | 64 |
Average AUM (Rs. in Crores) | 293685.70 |
As on February 2024
How to invest in UTI Mutual Fund
To invest in UTI Mutual Fund, use the Kotak Neo platform. Kotak Neo makes it easy to invest in various schemes from different fund houses in one place.
Get started today using the easy steps mentioned below:
- Login with your credentials (mobile number/PAN/QR code)
- Click on Invest and select ‘Mutual Funds’ from other investments
- Select the fund of your choice and begin investing
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