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UTI Mutual Fund: Overview

UTI Mutual Fund is a subsidiary of Unit Trust of India which was created on December 30, 1963 as per the UTI Act passed by the Indian Parliament. UTI Mutual Fund has not only been one of the oldest fund houses in India but also been a synonym of constant growth and reputation. Currently, UTI MF has more than 1,000 mutual fund schemes with multiple payout options, serving as many as 100 centres across India.


The prominent reason for sustainable growth at UTI Mutual Fund has been its impetus to give the investor every bit of the chance to profitably invest in mutual funds, without worrying about market swings. Their strong team of fund managers control portfolio risks to help investors avoid following the latest "whim" and trends and instead gain steadily. The mutual fund products offered at UTI MF are designed with investor-centric approach.


UTI Mutual Fund offers funds under various segments, such as:
 

  • Equity / Growth Fund
  • Debt/ Income Fund
  • Liquid Funds
  • Children's Education Fund
  • Fixed Maturity Plan
  • Exchange Traded Funds
  • Focused Equity Fund
  • Rajiv Gandhi Equity Savings Scheme
  • Dual Advantage Fund
  • Retirement Funds
  • Fixed Term Income Fund

Features of UTI Mutual Funds

UTI Growth-/Equity-Oriented fund Scheme


UTI equity funds are intended to provide long-term capital appreciation. In UTI equity funds, a major part of the corpus is invested in equities and related instruments. Equity funds are suitable for investors with high risk appetite and are offered with various options, such as dividend option and capital appreciation.


An UTI equity fund allows the investors to change the payout options at a later date.


UTI Income-/Debt-Oriented Scheme


UTI Income Funds provide a regular and steady income to their investors. These funds are considered “safe” funds as investment is generally done in fixed income securities such as bonds, corporate debentures, Government securities and money market instruments. The debt-oriented funds by UTI are less risky as compared to the equity schemes since these funds are not affected by any fluctuations in equity markets.


UTI Balanced Fund


The UTI Balanced Fund schemes offer both growth and regular income funds to their investors. These funds are designed to invest both in equities and fixed income securities in a specific proportion. The product is considered to be most suitable for investors who are looking for moderate growth with low risks as NAVs of balanced funds are likely to be less volatile compared to pure equity funds.


UTI Money Market or Liquid Fund


UTI Liquid Funds, or generally referred to as income funds, offer easy liquidity along with preservation of capital and moderate income. UTI liquid funds invest in safe short-term instruments, such as treasury bills, deposits or commercial paper, government securities, etc. The returns on liquid funds fluctuate lesser as compared to other funds. These funds are perfect investment solution for corporate houses and individual investors who are looking to park their surplus funds for short periods.


UTI Gilt Fund


UTI Gilt Funds are meant exclusively for investment in government securities having no default risk. The NAV of this scheme fluctuate because of changes in interest rates and other economic factors.

How to Purchase Mutual Fund Online

Paisabazaar offers an easy online purchase option for the investor looking for UTI mutual funds. The online portal is simple and hassle free way where any common individual can not only buy various mutual funds online, but can also know about various other financial planning aspects.

UTI Top Performing Funds with Scheme Type

S.No.

Fund Name

1.

UTI - Balanced Fund

2.

UTI - Banking Sector Fund

3.

UTI - Bond Fund

4.

UTI - Cap. Protection

5.

UTI - CCP Advantage Fund

6.

UTI - Childrens Career Balanced Plan

7.

UTI - Contra Fund

8.

UTI - Dividend Yield Fund

9.

UTI - Dual Advantage Fixed Term Fund

10.

UTI - Dynamic Bond Fund

11.

UTI - Energy Fund

12.

UTI - Equity Fund

13.

UTI - Fixed Maturity Plan

14.

UTI - Fixed Term Income Fund

15.

UTI - Floating Rate Fund

16.

UTI - FMP Yearly Series

17.

UTI - Focused Equity Fund

18.

UTI - FTIF

19.

UTI - G-SEC STP

20.

UTI - Gilt Advantage Fund

21.

UTI - Gold Exchange Traded Fund

22.

UTI - Income Opportunities Fund

23.

UTI - India Lifestyle Fund

24.

UTI - Infrastructure Fund

25.

UTI - Investment Bond Fund

26.

UTI - Liquid Cash Plan

27.

UTI - Long Term Advantage

28.

UTI - Mahila Unit scheme

29.

UTI - Master Equity Plan

30.

UTI - Master Index Fund

31.

UTI - Mastershare Unit Scheme

32.

UTI - Medium Term Fund

33.

UTI - Mid Cap Fund

34.

UTI - Mis Advantage Plan

35.

UTI - MNC Fund

36.

UTI - Money Market Fund

37.

UTI - Monthly Income Scheme

Funds Manager @ UTI MF

  1. Swati Kulkarni (Fund Manager – Equities). A CFA with 20 years of professional experience and been with UTI since 2004. Swati has been recognized as amongst the top 3 Fund Managers in India in Equity category for the year 2010 by Outlook Money.
     
  2. Sanjay Dongre (Senior Fund Manager- Equity): A B.E. (Instrumentation) graduate and PGDM from IIM Calcutta, Sanjay Dongre has been associated with UTI AMC since 1994.
     
  3. Lalit Nambiar (Senior Vice President and Fund Manager- Equities.) A commerce graduate from Narsee Monjee College of Commerce, Mumbai and MMS from Sydenham Institute of Management, Mumbai University, Lalit Nambiar also holds a CFA charter.
     
  4. Kaushik Basu (Fund Manager - Equity Schemes) Kaushik is a B.Com graduate from Kolkata (Calcutta) University and holds a graduate degree in law (LLB) from Kolkata (Calcutta) University. He has also completed CS (Int) and CAIIB – Part I. He is also a Member of Cost and Works Accountant of India. 
     
  5. Sachin Dinesh Trivedi (Co – Fund Manager – UTI Energy Fund) A B.com graduate from Narsee Monjee College of Commerce, Mumbai and MMS from the K. J. Somaiya Institute of Management Studies & Research, Mumbai University, Sachin Trivedi also holds CFA charter.
     
  6. Amandeep Singh Chopra (Head Fund Manager -  Fixed Income Group) A graduate from St. Stephens College, Delhi and an MBA from FMS, Delhi, Amandeep Singh currently handles UTI Liquid Cash Plan, UTI liquid Cash Plan-Institutional and UTI Bond Fund.
     
  7. Manish Joshi Fund (Manager - UTI Money Market Fund) A Post Graduate in Science Masters in Financial Management, Mr. Manish Joshi holds more than 16 years of experience.
     
  8. Sudhir Agrawal (Fund Manager - UTI Treasury Advantage Fund , Floating Rate Fund STP & Short Term Income Fund) A CFA Charter holder from The CFA Institute, Sudhir Agarwal joined UTI AMC in 2009 after 8 years of experience.
     
  9. Ajay Tyagi (Fund Manager Offshore funds/  HNIs) A  CFA Charter holder, Ajay Tyagi also holds a Masters in Finance from Delhi University.
     
  10. Ranjan Biswal (Senior Vice President - PMS Division National Investment Fund and Postal Life Insurance Funds) Ranjan Biswal holds post graduate degree in Business Economics from Delhi University and has vast exposure towards Internal Audit, Dept of Dealing, Vigilance Cell, Dept of Fund Management etc.
     
  11. Shilpita Guha (Fund Manager – Offshore Funds)  An Economics graduate, M. Sc. (Economics) and an MBA, Shipla Guha has been with UTI AMC since 1989.
     
  12. V. Shrivastava (Fund Manager – Offshore Funds)  A  B.Com graduate, Mr. V Shrivastava hold C.A., C.W.A. and has a PGDM from IIM, Indore and been with UTI for more than 14 years now.
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