In 2003, the Unit Trust of India underwent a bifurcation into two entities: SUUTI and UTI Mutual Funds (UTIMF), the latter being registered with SEBI on February 1, 2003.
UTI Mutual Fund precedes many renowned Mutual Funds in India, boasting nearly 11 million investors and over 250 operational plans with a total AUM of Rs. 2,59,196.46 crore (as on 30-Sep-2023).
Its strength lies in distribution, reaching rural and semi-urban regions, with over 50,000 certified Independent Advisors and 200 full-time Financial Service Centers. It stands as the eighth-largest mutual fund house in India.
UTI Mutual Fund pioneered the industry by introducing India's first Unit Linked Insurance Plan (ULIP) in 1971, incorporating life and accident cover. Another milestone was achieved in 1986 with the creation of India’s first Offshore fund, simply called the ‘India Fund.’
UTI Asset Management, the fund's manager, achieved a significant feat with the UTI Wealth Builder Fund, linking Gold and Equity, showcasing its innovative approach. Despite the ever-evolving market, the UTI Mutual Fund continues to thrive, thanks to its extensive subscriber base.
The fund managers at UTI Asset Management are not limited to mutual funds but are actively engaged in diverse businesses, including retirement solutions, portfolio management, international banking, and alternative assets management.
{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="thematic", vr_rating=null, returns_5_yr=25.7016850789219, name="Uti-Transportation And Logistics Fund-Growth Option", amcfundscheme_id=4809, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-transportation-and-logistics-fund-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="thematic-infrastructure", vr_rating=2, returns_5_yr=24.5019940037634, name="UTI Infrastructure Fund-Growth Option", amcfundscheme_id=4801, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-infrastructure-fund-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="large & midcap", vr_rating=4, returns_5_yr=24.421972254846, name="UTI Large & Mid Cap Fund - Regular Plan - Growth Option", amcfundscheme_id=3974, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-large-mid-cap-fund-regular-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="large cap", vr_rating=null, returns_5_yr=23.6072208513131, name="UTI - Bse Sensex Next 50 Exchange Traded Fund", amcfundscheme_id=6782, type="equity", minimum_investment_amount=null, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-bse-sensex-next-50-exchange-traded-fund},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="mid cap", vr_rating=2, returns_5_yr=22.5606981995925, name="UTI Mid Cap Fund-Growth Option", amcfundscheme_id=4258, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-mid-cap-fund-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="value oriented", vr_rating=3, returns_5_yr=21.3365485410772, name="UTI Value Fund - Regular Plan - Growth Option", amcfundscheme_id=4997, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-value-fund-regular-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="thematic-dividend yield", vr_rating=null, returns_5_yr=21.1729160827774, name="Uti-Dividend Yield Fund.-Growth", amcfundscheme_id=3424, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-dividend-yield-fund.-growth},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="large cap", vr_rating=null, returns_5_yr=20.3756569111622, name="UTI Nifty Next 50 Exchange Traded Fund", amcfundscheme_id=6781, type="equity", minimum_investment_amount=null, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-nifty-next-50-exchange-traded-fund},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="sectoral-banking", vr_rating=3, returns_5_yr=19.5978303257934, name="UTI Banking And Financial Services Fund - Regular Plan - Growth Option", amcfundscheme_id=4789, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-banking-and-financial-services-fund-regular-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="large cap", vr_rating=2, returns_5_yr=19.4882670608016, name="UTI Nifty Next 50 Index Fund - Regular Plan - Growth Option", amcfundscheme_id=6680, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-nifty-next-50-index-fund-regular-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="aggressive hybrid", vr_rating=5, returns_5_yr=19.1447556569606, name="UTI Aggressive Hybrid Fund - Regular Plan - Growth", amcfundscheme_id=5218, type="hybrid", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-aggressive-hybrid-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="sectoral-pharma", vr_rating=4, returns_5_yr=18.6690067541665, name="UTI Healthcare Fund - Regular Plan - Growth Option", amcfundscheme_id=4793, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/uti-healthcare-fund-regular-plan-growth-option}
Key information about UTI Mutual Fund
Mutual fund name:
UTI Mutual Fund
Founded:
February 1, 2003
AMC incorporation date:
05 September 1994
Sponsor name:
State Bank of India / Punjab National Bank / Bank of Baroda / Life Insurance Corporation
Trustee organization:
UTI Trustee Co. (P) Ltd.
How to invest in UTI Mutual Fund schemes?
Investing in mutual funds is easy with Bajaj Finserv. If you are a new investor, follow the below steps. For customers who have invested with us, please skip directly to step 7.
Choose a mutual fund category and a scheme that suits your goals and click on Invest Now.
Sign into Bajaj Finserv to setup your mutual fund account.
Verify your details using your PAN, Name, DOB, and Email ID. If your KYC is not complete, you will have to upload your address proof and complete video KYC.
Enter your bank details.
Upload your signature and provide additional details to continue.
Choose whether you want to invest in SIP or lumpsum and enter the investment amount. Click on INVEST.
Choose your payment mode (net-banking, UPI, NEFT/RTGS) and make the payment.
Wait for 2-3 working days for your investment to reflect in your portfolio.
Documents required to invest in Invesco Asset Mutual Fund
If you are an existing customer, no documents are required for investment. However, for new customers keep the following documents handy before investing:
The UTI Mutual Fund was registered with the SEBI on February 1st 2003.
Is UTI SEBI Mutual Fund registered?
Yes, UTI is registered with SEBI under registration number MF/048/03/01.
Are UTI mutual fund schemes safe to invest in?
One of the reputable AMCs in India is the UTI mutual fund. All mutual fund houses are subject to stringent SEBI regulation. But when it comes to market-linked products like mutual funds, no asset management firm can ensure the protection of capital. It is preferable to assess your financial objectives, level of risk tolerance and investment horizon before selecting a fund.
Are UTI mutual fund schemes tax-free?
You can get tax-benefits under section 80C by investing in ELSS mutual funds offered UTI Mutual Fund.
How can I cancel the ongoing SIP in a UTI Mutual Fund scheme?
If you have invested in any UTI Mutual Fund scheme through the Bajaj Finserv platform, you can stop or cancel an SIP by logging into your account on the Bajaj Finserv platform and app without hassle.
How can I get the UTI Mutual Fund statement?
If you have invested in any UTI Mutual Fund scheme through the Bajaj Finserv platform, you can get your statement online on the Bajaj Finserv website or app.
How can I increase the SIP amount of an UTI mutual fund scheme?
If you have invested in a UTI Mutual Fund scheme through the Bajaj Finserv platform, you can easily increase your SIP amount through the Bajaj Finserv website or app.
How do I redeem UTI funds?
If you have invested in a UTI Mutual Fund scheme through the Bajaj Finserv platform, you can easily redeem it through the Bajaj Finserv website or app.
Disclaimer
Bajaj Finance Limited (“BFL”) is a Non-Banking Financial Company carrying the business of acceptance of deposits, providing lending solutions to Retail & Corporate customers, and is a Corporate agent of various insurance Companies. BFL is also registered with the Association of Mutual Funds in India (“AMFI”) as a distributor of third party Mutual Funds (shortly referred as ‘Mutual Funds’).
BFL does NOT:
(i) provide investment advisory services in any manner or form;
(iv) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.
In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on ‘As-is’ basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme /Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other / better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.
Bajaj Finserv Direct Limited, (“BFDL”), a wholly owned subsidiary of Bajaj Finserv Limited (is a Registered with SEBI as an Investment Advisor with Registration no. INA000016083). BFDL enables resident Indian customers to directly invest in third party mutual funds through its online platform. BFDL entered into a referral arrangement with BFL, whereunder, BFL may, without risk or responsibility on its part, refer the resident Indian customers who are interested in placing their investments in Direct Mutual Funds through BFDL online platform. Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.
Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc. and shall also consult their financial advisers, if they are unsure about the suitability of the scheme before investing