Mutual Funds

UTI Mutual Fund – Top 10 UTI Mutual Fund, Benefits and Returns

Jun 27, 2024
UTI MUTUAL FUND

UTI MUTUAL FUND

About UTI Mutual Fund

UTI Mutual Fund is the oldest mutual fund house in India which was founded in 1963. The fund house launched its first scheme in 1964. However, it got incorporated in the year 2002 and registered with SEBI on 1st February 2003 when the Unit Trust of India was divided into two companies - the SUUTI and UTI Mutual Fund. UTI Mutual fund is managed by UTI Asset Management Company Limited. 

T Rowe Price Group Inc (TRP Group) holds a major stake of 26% in UTI mutual fund through its wholly-owned subsidiary T. Rowe Price Global Investment Services Limited. Big PSU banks of India - State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BOB), and Life Insurance Corporation of India (LIC) each hold an 18.24% stake in UTI mutual fund. 

UTI Mutual fund is the 7th largest AMC in India in respect of mutual fund QAAUM and with more than 1.1 Crores folios as of 30th September 2019. According to CRISIL, there are a total of 8.6 crores of live folios in the Indian mutual fund industry out of which UTI mutual fund has 12.8% folios.

UTI mutual fund has a strong brand name & recognition in the market with a wide distribution reach across the country. The fund house has a good track record of performance and has delivered very good returns to its investors in the past and aims to continue this in the future as well.

Major Information about UTI Mutual Fund

Total AUM: ₹1.85 lakh Crores as of 31st May 2021

No. of Schemes: Around 146 schemes.

Top 10 UTI Mutual Funds

  1. UTI Flexi Fund
  2. UTI Mid Cap Fund
  3. UTI Money Market Fund
  4. UTI Multi-Asset Fund
  5. UTI Hybrid Equity Fund
  6. UTI Long Term Equity Fund.
  7. UTI Liquid Cash Fund.
  8. UTI Gilt Fund.
  9. UTI Healthcare Fund.
  10. UTI Value Opportunities Fund.

UTI Equity Funds

UTI equity funds invest their assets in equity and equity and related securities. These funds are great for long-term capital appreciation. These funds are best for investors who want exposure to stock markets.

UTI Debt Funds

UTI Debt Funds invest their assets in debt and debt-related instruments which have a fixed rate of interest and thus generate relatively stable returns. These include debt securities like Bonds, Debentures, Commercial Paper, Government securities. Debt funds are considered as low risk and hence low returns as compared with equity funds.

UTI Hybrid Funds

UTI Hybrid funds invest their assets in more than one asset class like equity, debt, gold, or any other. These funds give good diversification as the investments are done in different asset classes. Hybrid funds have the capability to generate more returns than debt funds and also they possess lower risk as compared to equity funds.

UTI Tax Saver Funds

Tax saver funds are also known as ELSS funds. As the name suggests, these funds give a tax deduction of up to ₹ 1.5 lakhs under Section 80C of the Income Tax Act,1961. These funds invest their assets in equity securities in a diversified manner. These tax saver funds come with a lock-in period of 3 years.

Fund Managers of UTI Mutual Fund

1. Mr. Amandeep Singh Chopra:

Mr. Chopra joined UTI in 1994. He is group President and Head of Fixed Income at UTI mutual fund. He is also a member of the Valuation Committee of the Association of Mutual Funds in India (AMFI). He has experience of 25 years in the industry. He has a total AUM of ₹57,000 Crores.

2. Mr. Vetri Subramaniam:

Mr. Subramaniam joined as the Group President and Head of Equity in 2017. He has experience of 25 years working with Kotak Mahindra AMC as Head of Equity, Chief Investment office at Motilal Oswal Securities, and many others. He has a total AUM of ₹11,000 Crores.

3. Mr. Ajay Tyagi:

Mr. Tyagi joined UTI AMC in 2000 and is part of Equity research and fund management. Before, working in Equity research, he worked as an assistant fund manager in the offshore fund division. He has 19 years of experience and with UTI AMC. He has a total AUM of ₹23,000 Crores.

4. Mr. Amit Sharma:

Mr. Sharma joined UTI in 2008. He is a part of the Department of fund management. He is a Chartered Accountant and holds a B.com Degree. He has experience of 11 years. He has a total AUM of ₹43,000 Crores.

5. Mr. Sudhir Agrawal:

Mr. Agrawal joined UTI AMC in 2009. He has experience of 14 years working with Credit Analyst and Research Limited, transparent Value LLC, Tata AMC, and others. He has a total AUM of ₹15,000 Cores.

How to Invest in UTI Mutual Funds Via ZFunds?

There are very easy and simple steps to start investing in UTI Mutual Fund, one of India’s largest mutual fund houses. Follow the below-mentioned steps to start investing:

  1. Create your free account with ZFunds. If you already have an account with ZFunds, you can simply log in to it.
  2. To create an account, you will be required to upload your identification documents which can include Aadhar card, pan card, Voter ID card, driving license, passport, or any other document which is issued by the central or state government.
  3. You will also be required to upload your address proof.
  4. After that, you just need to select the best fund which suits you as per your investment horizon and risk.
  5. And, then at last you just need to choose whether you want to do lump sum investment or start a sip.
  6. After the successful investment, the units will be allotted and investment will be reflected in 2-3 working days in your ZFunds account.

Documents Required for KYC

For Offline KYC:

1. Identity Proof: For this, you need only one of the following.

  • Adhaar Card
  • PAN Card
  • Voter ID
  • Passport
  • Driving license.
  • NREGA Job Card

2. Address Proof: For this, you need only one of the following.

  • Adhar Card
  • Passport
  • Voter ID
  • Driving License
  • Utility Bill
  • Bank or post office account statement
  • NREGA Job Card

3. Passport Size photo with signature.

For Online KYC:

  1. Photograph
  2. Signature
  3. Pan Card
  4. Adhar Card

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