In 2003, the Unit Trust of India (UTI) was split into two entities: the Specified Undertaking of UTI (SUUTI) and UTI Mutual Fund (UTIMF). UTI Mutual Fund was officially registered with SEBI on February 1, 2003. Today, UTI Mutual Fund is backed by four of the largest public sector banks in India: State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India (LIC), each holding an 18.24% stake. Additionally, T. Rowe Price Group Inc., through its subsidiary T. Rowe Price Global Investment Services Ltd., holds a significant 26% share. UTI Mutual Fund has a long-standing reputation, being one of India's oldest and most established mutual fund houses. It currently manages assets worth nearly ₹2.39 lakh crores across over 250 mutual fund schemes, serving close to 11 million investors. Its reach extends to rural and semi-urban areas across India, making it one of the most accessible mutual fund providers. UTI Mutual Fund also has a widespread distribution network with over 50,000 certified Independent Financial Advisors (AMFI and NSFM) and more than 200 full-service Financial Centres nationwide. This extensive network has contributed to UTI becoming the eighth largest mutual fund house in India by assets under management. One of UTI's most notable schemes is the UTI Mastershare, launched in 1986, which remains a popular choice among investors. The company has consistently been a pioneer in the Indian mutual fund industry, introducing India's first Unit Linked Insurance Plan (ULIP) in 1971 and launching the country's first offshore fund, the India Fund, in 1986. UTI Asset Management has also achieved notable success with the UTI Wealth Builder Fund, which strategically combines investments in gold and equities. The company’s broad range of services includes retirement solutions, portfolio management services, international banking, and alternative asset management, making UTI a dominant force in India's financial landscape.
Fund Name
Rating
1Y Return
3Y Return
Fund Size (in Cr)
UTI Transportation & Logistics Fund-Growth Option- Direct
NA
21.52%
24.46%
₹3397.11 Cr
UTI Healthcare Fund-Growth Option- Direct
NA
40.63%
22.37%
₹1235.91 Cr
UTI Small Cap Fund Direct Growth
3
26.90%
21.11%
₹4722.21 Cr
UTI Large & Mid Cap Fund-Growth Option - Direct
4
25.94%
21.11%
₹4048.26 Cr
UTI Infrastructure Fund-Growth Option- Direct
2
16.75%
20.52%
₹2201.93 Cr
UTI Multi Asset Allocation Fund Direct Growth Option
NA
21.08%
18.48%
₹4682.25 Cr
UTI Value fund Fund-Direct Growth Option
3
23.32%
17.52%
₹10159.11 Cr
UTI-Dividend Yield Fund -Growth-Direct
NA
24.59%
17.38%
₹4082.10 Cr
UTI Mid Cap Fund-Growth Option- Direct
3
22.32%
17.02%
₹11996.94 Cr
UTI Aggressive Hybrid Fund-Growth - Direct
4
19.67%
16.59%
₹6107.34 Cr
UTI Nifty200 Momentum 30 Index Fund Direct Growth
NA
17.62%
16.57%
₹8290.62 Cr
UTI Nifty Next 50 Index Fund Direct Growth
NA
23.72%
16.54%
₹4795.62 Cr
UTI Focused Fund Direct Growth
3
14.83%
14.62%
₹2682.76 Cr
UTI Banking and Financial Services Fund-Direct Growth Option
3
10.62%
14.39%
₹1154.26 Cr
UTI India Consumer Fund Direct Plan Growth Option
NA
21.56%
13.31%
₹705.51 Cr
UTI MNC Fund Direct Growth Option
NA
16.89%
12.81%
₹2937.22 Cr
UTI ELSS Tax Saver Fund - Growth Option - Direct
2
14.53%
11.37%
₹3871.53 Cr
UTI Nifty 50 Index Fund-Growth Option- Direct
NA
10.19%
11.03%
₹20082.94 Cr
UTI Equity Savings Fund Direct Growth
4
10.28%
10.97%
₹659.14 Cr
UTI Large cap Fund Growth Option - Direct
3
13.27%
10.05%
₹12859.77 Cr
Mutual fund name
UTI Mutual Funds
Asset Management Company Name
UTI Asset Management Co Ltd
AMC Setup Date
01 Feb 2003
AMC Incorporation Date
05 Sep 1994
Sponsor Name
State Bank of India/Punjab National Bank/Bank of Baroda/ Life Insurance Corporation of India.
Trustee Organisation
UTI Trustee Co(P) Ltd.
Compliance Officer
Vivek Maheshwari
MD & CEO
Imtaiyazur Rehman
To invest in uti mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:
Step 1 : Download the Lemonn App
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Step 2 : Sign up / Log in
Sign up by providing your phone number and completing the basic registration process.
If you already have an account, simply log in.
Step 3 : Complete KYC
Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.
Step 4 : Search for uti mutual funds Mutual Funds
Once your KYC is done, search for the uti mutual funds Mutual Fund schemes you're interested in by using the search bar.
Step 5 : Choose a Scheme
You will see a list of various funds under uti mutual funds. Explore the options, check their performance, risk profile, and investment objectives.
Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).
Step 6 : Decide on the Investment Amount
You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.
Step 7 : Confirm the Investment
Enter the amount you wish to invest.
Review the details and confirm the payment method (Net Banking, UPI, etc.).
After making the payment, you will receive a confirmation of your investment.
Step 8 : Track Your Investment
You can track the performance of your uti mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.
If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!
Mr. Ajay Tyagi
Mr. Tyagi is a highly respected fund manager and currently holds the position of Executive Vice President and Fund Manager for Equity at UTI Mutual Fund. He is a lifetime member of The CFA Institute and is a qualified Chartered Financial Accountant. Additionally, he holds a Master’s degree in Finance from Delhi University. He became a part of the UTI team in 2000. With a strong track record in equity research and fund management, Mr. Tyagi previously worked as the Assistant Fund Manager in the Offshore Funds Division before taking on his current role. He also serves as a permanent advisor for several India-focused funds based overseas.
Mr. Kausik Basu
Mr. Basu is the Fund Manager of Equity and also holds the position of Executive Vice President (EVP) at UTI Asset Management Company. He completed both his undergraduate and postgraduate studies at the University of Calcutta and has a background in law. Mr. Basu is a senior member of the Institute of Cost Accountants of India (ICAI) and brings 32 years of experience and expertise to UTI Mutual Funds. From 1984 to 1999, he worked in various executive roles at UTI's Calcutta Regional Office. He has also held senior positions at the headquarters of the UTI Group of companies.
Mr. Ritesh Nambiar
Mr. Nambiar is the Senior Vice President at UTI Mutual Funds and serves as the Senior Fund Manager for UTI’s Credit Risk Fund. He is credited with developing two of the most successful products in UTI MF’s portfolio—the Ultra Short Term and Medium Term Mutual Funds. With several years of experience, Mr. Nambiar has worked with organizations such as TransMarket Group and CRISIL Research, focusing on fixed income valuation, global fixed income variation, and index creation. He holds a BMS and MMS in Finance from the University of Mumbai and is a CFA Charterholder. Additionally, he has completed a course in Financial Risk Management from the CFA Institute and GARP. Since 2008, he has been actively involved with UTI Asset Management Company.
Mr. Sharwan Kumar Goyal
Sharwan Kumar Goyal is the Vice President and Chief Fund Manager of Equity at UTI. He is a qualified CFA and a full-time member of the CFA Institute. Mr. Goyal holds a Post-Graduate degree in Management from the Welingkar Institute of Management Development & Research. He joined UTI in 2006 and brings over 11 years of experience in Risk Management, Equity Management, and Portfolio Analysis. In addition to his current role, Mr. Goyal also leads the Overseas Investments division as the Chief Fund Manager.
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