UTI Mutual Fund, a pioneering entity in the Indian mutual fund industry, traces its origins back to the bifurcation of the Unit Trust of India in 2003. Registered with SEBI on February 1, 2003, UTI Mutual Fund stands out for its extensive outreach, innovative schemes, and strong asset management systems.
Foundation and Structure
- It was bifurcated from the Unit Trust of India in 2003 into SUUTI and UTI Mutual Fund (UTIMF) and was registered with SEBI on February 1, 2003.
Institutional Partners
- UTI Mutual Fund has five large institutional partners: SBI, Bank of Baroda, Punjab National Bank, LIC, and T Rowe Price Group Inc.
- Out of them, each PSU bank holds 18.24% of shares; while T Rowe Price Group Inc. holds 23% of shares in the UTI Mutual Fund AMC.
- The fund sponsors are only liable for the initial Rs. 10,000 contributed to set up the fund.
- A significant 26% share is held by T Rowe Price Group Inc., through its subsidiary T Rowe Price Global Investment Services Ltd.
Scale and Reach
- UTI Mutual Fund boasts nearly 11 million investors, reflecting its broad appeal and trust among investors.
- The fund manages over 250 operational plans with a total Assets under Management (AUM) of nearly Rs 238,790 crores.
- It has an extensive distribution network that effectively reaches rural and semi-urban areas.
- The fund is supported by over 50,000 AMFI and NSFM-certified Independent Advisors who provide expert guidance and support to investors.
- Additionally, UTI Mutual Fund operates more than 200 full-time financial service centres, enhancing its service delivery nationwide.
- It is the eighth-largest mutual fund house in India by asset size.
Historical Milestones
- UTI Mutual Fund launched UTI Mastershare in 1986, making it one of the longest-running schemes in the industry.
- In 1971, UTI Mutual Fund was the first to offer a Unit Linked Insurance Plan (ULIP) covering life and accident.
- The fund introduced India’s first Offshore fund, known as the 'India Fund', in 1986.
- UTI Mutual Fund created the UTI Wealth Builder Fund, which links Gold and Equity asset classes, offering investors a diversified investment option.
Mutual fund schemes
- UTI Mutual Fund provides investment options including retirement solutions, portfolio management, international banking, and alternative assets management. It offers a wide range of schemes including equity-based schemes, debt schemes, hybrid schemes, etc.
Investing in UTI Mutual Fund offers numerous advantages that cater to a wide range of financial goals.
- Eliminates Emotional Bias: Investing in UTI Mutual Funds helps you avoid emotional decisions driven by market fluctuations. There professional fund managers make informed decisions based on thorough research and analysis, ensuring a more disciplined investment approach.
- Rupee-Cost Averaging: By investing a fixed amount regularly in UTI Mutual Fund through a SIP, you can take advantage of rupee-cost averaging. This approach allows you to buy more units when prices are low and fewer units when prices are high. Over time, this strategy helps lower the average cost per unit, mitigating the impact of market volatility.
- Wealth Accumulation : Consistent investments in UTI MF over time can significantly grow your wealth. The power of compounding, combined with regular contributions, helps your investments grow exponentially.
- Diversify Your Portfolio: UTI Mutual Fund offers a range of schemes across various sectors and asset classes. This diversification reduces the risk associated with investing in a single asset or sector, providing a balanced investment portfolio.
- Growth Potential: UTI Mutual Funds have the potential for higher returns compared to traditional savings methods. Equity-based funds, in particular, offer substantial growth opportunities over the long term.
- Professional Management: UTI Mutual Fund is managed by experienced professionals who conduct thorough market research and analysis. Their expertise ensures that your investments are handled efficiently and effectively.
- Income Tax Benefits: Investing in the UTI ELSS Tax Saver Fund can provide significant tax benefits. Under Section 80C of the Income Tax Act, 1961, you can avail of a deduction of up to Rs 1.5 lakh every financial year, helping you save on taxes while growing your wealth.
- Regulation and Safety: UTI Mutual Fund operates under the regulatory framework of the SEBI. It ensures that mutual funds adhere to best practices and safeguard investors' interests, providing a secure investment environment.
Investing in UTI Mutual Fund is generally considered a secure option due to several factors. The fund is regulated by the Securities and Exchange Board of India (SEBI), which enforces strict guidelines to protect investors. Also, it is backed by the top 5 financial players including – SBI, Bank of Baroda, Punjab National Bank, LIC, and T Rowe Price Group Inc.
UTI Mutual Fund's professional management team conducts thorough market research to make informed investment decisions, ensuring that your money is in capable hands. Additionally, the fund offers a diversified range of schemes, spreading investments across various sectors and asset classes, which helps reduce potential market fluctuations.
UTI Mutual Fund also provides tax-saving options through the
UTI ELSS Tax Saver Fund, offering deductions under Section 80C of the Income Tax Act, 1961. This allows investors to grow their wealth while benefiting from tax savings. The systematic approach of rupee-cost averaging, particularly through SIPs, spreads out your purchases over time, which helps lower the average cost per unit.
However, it’s important to remember that all investments are subject to market conditions. While UTI MF offers numerous safeguards and strategies to manage your investments effectively, the value of your investment can still fluctuate based on market performance. Staying informed and understanding your financial goals can help you navigate these changes and make the most of your investment with UTI Mutual Fund.
You can use the Dhan platform to seamlessly invest in UTI Mutual Funds. Here is a detailed process to help you out:
- Step 1: Begin by visiting the Dhan website. Initiate the verification process by providing your mobile number and email ID to ensure secure authentication.
- Step 2: After providing your details, follow through to complete the verification process. Upload all your necessary documents.
- Step 3: Complete the e-sign process and digitally sign the required forms, simplifying the investment process.
- Step 4: Once your documents are approved, navigate to the Mutual Funds section within the website to explore available UTI Mutual Fund options.
- Step 5: Take your time to browse through various schemes and choose the one that aligns the most with your investment objectives and risk tolerance.
- Step 6:Decide between SIP or lump sum investment options. If opting for SIP, select the desired frequency and amount based on your financial goals and budget. Alternatively, specify the lump sum amount for an immediate investment tailored to your preferences.
- Step 7: After selecting your preferred UTI Mutual Fund scheme and investment mode, proceed to allocate the investment amount according to your investment plan.
- Step 8:Authenticate the transaction using the OTP sent to your registered mobile number to finalize the investment.
When investing in UTI Mutual Fund, you have the flexibility to choose between SIP for regular, fixed investments or Lumpsum for a one-time investment. SIP investments allow you to spread your investments over regular intervals. You can utilize the
UTI SIP calculator to estimate potential returns from your investments.
UTI Mutual Fund offers flexible SIP and lump sum options tailored to meet the unique financial goals of every investor, making it a convenient and reliable choice for wealth creation.
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