About UTI Mutual Funds
The Unit Trust of India was divided into the SUUTI and the UTI Mutual Funds or UTIMF in 2003. The UTI Mutual Fund registered with the SEBI on February 1, 2003. This mutual fund is now supported by four of the top PSU banks. The UTI Asset Management Company Ltd. manages all of the UTI Mutual Funds. State Bank of India, the PNB or Punjab National Bank, Bank of Baroda, and the Life Insurance Corporation of India hold each 18.24% of the UTIMF’s shares. T Rowe Price Group Inc, also known as TRP Group, holds a large 26% stake, which is managed by its subsidiary, T Rowe Price Global Investment Services Ltd.
The UTI Mutual Fund is India’s most prestigious mutual fund. It has about 11 million investors and more than 250 active plans with a total AUM of around Rs 223841.53 Crore. There is no other Mutual Fund operator in India with a wider range of offerings. Even the top UTI Mutual Funds serve the majority of India’s rural and semi-urban regions.
UTI Mutual Funds employs over 50,000 AMFI- and NSFM-certified Independent Financial Advisors who are dispersed throughout the country. In addition, there are around 200 permanent Financial Service Centres. UTI Mutual Fund is the eighth largest mutual fund company in India based on total assets.
UTI Mastershare, which was introduced by the then-existing UTI in 1986, is one of the most popular and longest-running mutual fund schemes. The UTI Mutual Fund continues to be an industry leader in the home market. It was the first company to offer a Unit-Linked Insurance Plan (ULIP) with life and accident coverage in 1971. In 1986, it established India’s first Offshore fund, simply titled ‘India Fund’, which was a significant achievement.
The UTI Asset Management company’s accomplishments include the creation of the UTI Wealth Builder Fund, which links two distinct but closely related asset classes, gold and equities. Due to the large number of investors, the UTI Mutual Fund continues to thrive in the Indian market.
The fund managers at UTI Asset Management, which runs the Mutual Funds, have made extensive divestments and are engaged in a wide range of companies, including retirement solutions, portfolio management solutions, international banking, and alternative assets management.
How to Invest in UTI Mutual Funds?
You can invest in direct mutual funds through Kuvera and avoid paying commissions. It is the best platform to invest in mutual funds as it is 100% free and helps you find the right investment for your life goals.
To invest in UTI Mutual Fund via Kuvera, follow the given steps:
Step 1: Sign up at www.kuvera.in.
Step 2: Complete the KYC requirements and link your bank account.
Step 3: Click on MF in the Explore section to choose mutual funds for investment.
KYC Required to Invest in UTI Mutual Fund/ Kuvera
Best UTI Equity Mutual Fund Schemes to Invest in November 2022 (as per 3-Year return)
|Scheme||3-Year Return||Aum (INR) (Cr)|
|UTI Mid Cap Fund||26.56%||7,358.96|
|UTI Healthcare Fund||25.06%||722.65|
|UTI Transportation and Logistics Fund||20.64%||2027.94|
|UTI Core Equity Fund||20.45%||1,511.85|
|UTI Value Opportunities Fund||19.60%||7,047.95|
|UTI Long Term Equity Fund||18.84%||2,989.17|
|UTI Flexi Cap Fund||18.73%||26,070.44|
|UTI Infrastructure Fund||17.56%||1,541.82|
|UTI Mastershare Fund||17.19%||10,719.89|
|UTI Dividend Yield Fund||16.80%||2,861.00|
|UTI India Consumer Fund||14.83%||466.41|
|UTI MNC Fund||12.58%||2,511.46|
|UTI Banking and Financial Services Fund||9.53%||844.04|
Source: AMFI (data as of 10/11/2022)
Closer Look At The Top UTI Mutual Fund (as per 3-Year return)
UTI Mid Cap Fund
UTI Mid Cap Fund Direct-Growth is a mutual fund scheme from UTI Mutual Fund that invests in Mid Cap companies. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 9th November 2022, UTI Mid Cap Fund Direct-Growth has 7,358.96 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund’s expense ratio of 1.01% is greater than that of the majority of other Mid Cap funds.
- The returns of the UTI Mid Cap Fund Direct-Growth for the past year were -0.73%. Since its inception, it has generated average yearly returns of 19.46%. Every three years, the fund has doubled the money invested in it.
- The majority of the fund’s assets are invested in the Financial, Automobile, Capital Goods, Healthcare, and Materials industries. It has less exposure to the Financial and Automotive sectors than other funds in its category.
- The top five holdings of the fund consist of TI Financial Holdings Ltd., Cholamandalam Investment & Finance Co. Ltd., PI Industries Ltd., Federal Bank Ltd., and Schaeffler India Ltd.
UTI Healthcare Fund
UTI Mutual Fund’s UTI Healthcare Fund Direct-Growth is a Sectoral-Pharma mutual fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 9th November 2022, UTI Healthcare Fund Direct-Growth has 722.65 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund has a higher expense ratio than most other Sectoral-pharmaceutical funds, at 1.4%.
- The returns of the UTI Healthcare Fund Direct-Growth during the past year were -5.60 percent. Since its inception, it has generated average yearly returns of 13.66%. Every three years, the fund has doubled the money invested in it.
- The majority of the fund’s assets are invested in the Healthcare industry. It has less exposure to the Healthcare sector than other funds in the same category.
- Sun Pharmaceutical Inds. Ltd., Cipla Ltd., Dr. Reddy’s Laboratories Ltd., Apollo Hospitals Enterprise Ltd., and Divi’s Laboratories Ltd. are the top five holdings of the fund.
UTI Transportation and Logistics Fund
The UTI Transportation and Logistics Fund Direct-Growth is a Thematic fund from UTI Mutual Fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 9th November 2022, UTI Transportation and Logistics Fund Direct-Growth has 2027.94 Crores in assets under management (AUM) and is a medium-sized fund within its category. The expense ratio of the fund, at 1.01%, is greater than that of the majority of comparable Thematic funds.
The one-year returns for the UTI Transportation and Logistics Fund Direct-Growth were 14.15 percent. Since its inception, it has generated average yearly returns of 18.42%. Every three years, the fund has doubled the money invested in it.
UTI Core Equity Fund
UTI Core Equity Fund Direct-Growth is a Large & MidCap strategy offered by UTI Mutual Fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 9th November 2022, UTI Core Equity Fund Direct-Growth has 1,511.85 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund’s expense ratio of 1.75 percent is greater than the expense ratios of most other Large & Midcap funds.
The returns of the UTI Core Equity Fund Direct-Growth for the past year were -0.97%. Since its inception, it has generated average annual returns of 13.28%. Every three years, the fund has doubled the money invested in it.
UTI Value Opportunities Fund
UTI Value Opportunities Fund Direct-Growth is a Value-Oriented fund from UTI Mutual Fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 9th November 2022, UTI Value Opportunities Fund Direct-Growth has 7,047.95 Crores in assets under management (AUM) and is a medium-sized fund within its category.
- This fund has a higher expense ratio than most other Value Oriented funds, at 1.21 percent.
- The one-year returns on the UTI Value Opportunities Fund Direct-Growth were 0.90 percent. Since its inception, it has generated average yearly returns of 13.39%. Every three years, the fund has doubled the money invested in it.
How to Download UTI Mutual Fund Investment Statement?
UTI Mutual Fund (UTIMF) provides the convenience of online Account Statement request registration. Kindly, enter your Folio number or the 1st Holder’s PAN or Email ID registered under the Folio and select the delivery method.
If you select Email, the account Statement will be sent to the registered email address, while if you select Physical, a hard copy will be sent to the registered mailing address. by Standard Post Please note that if you submit the PAN or Email ID of the 1st holder, you will receive SoAs with active units pertaining to various Folios (as applicable) with the same PAN or Email ID as the 1st holder.
If your e-mail address is not registered with us, please register it by completing the Form for Updation of Details and submitting it to the UTI Financial centre nearest to you.
Top UTI Mutual Fund Managers
UTI MF’s chief investment officer is Vetri Subramaniam. He assumed this position on August 1, 2021. Prior to joining UTI as Group President and Head of Equity in January 2017, he was Chief Investment Officer at Invesco Asset Management Ltd. UTI MF manages Rs. 1,717 billion, whereas UTI’s total assets under management amount to Rs. 10,981 billion. At UTI, MF Vetri is in charge of a group of 19 individuals, including analysts and fund managers. The team manages and advises on equity assets totaling Rs. 1,077 billion.
Vetri has over 26 years of experience in the workforce. Prior to joining UTI in January 2017, he held the position of chief investment officer at Invesco Asset Management Ltd. In 2008, he was a founding member of Invesco (then Religare Asset Management) and helped build the company’s proprietary investment strategy and staff. During this time, the company established an impressive track record. Additionally, the company launched a number of offshore funds investing in India from Japan, Mauritius, and Luxembourg.
Vetri began his work at Kotak Mahindra in 1992 after receiving a PG Diploma in Management from IIM Bangalore. Kotak Mahindra, SSKI, and Motilal Oswal are among the companies where he has held stock markets and investment roles since 1994. He was also one of the founding members of Sharekhan.com (now Sharekhan BNP Paribas), where he oversaw the research and content team. During 2003-2007, he also advised the UK hedge fund Boyer Allan on its equities interests in India.
He is a frequent contributor to the media and a frequent speaker on equities and investing at numerous forums, including the media and academia.
Amandeep Singh Chopra holds the position of Group President and Head of Fixed Income at UTI AMC Ltd. He began his work at UTI AMC in 1994 as a ‘Research Analyst’ before transitioning into the field of Fund Management. He is a member of UTI AMC Ltd.’s Executive Investment Committee (EIC), Valuation Committee, and Management Committee. He is also a member of the Valuation Committee of the Association of Mutual Funds in India (AMFI) and the Corporate Bonds and Securitization Advisory Committee (CoBoSAC) of SEBI, which advises SEBI on matters concerning the growth of these markets. He has won numerous accolades for Best Debt Fund Manager, Best Debt Fund House, and Funds he has managed. Amandeep holds a B.Sc. (Computer Science) from St. Stephens College, Delhi, and an MBA from the University of Delhi’s Faculty of Management Studies.
Ajay Tyagi is the Equity Division Head at UTI Asset Management. He possesses a CFA Charter from The CFA Institute in the United States and a Master of Finance from Delhi University. Ajay joined UTI in 2000 and has fulfilled numerous roles and responsibilities in equities research, offshore funds, and local onshore funds. Domestically and internationally, he has received numerous honors and prizes for his achievements. Ajay runs our flagship equity scheme in India and is the Investment Advisor for UTI International’s assortment of India-specific offshore funds.
UTI Mutual Fund Manager List
Amit Premchandani is the Senior Vice President and Equity Fund Manager. He has a PGDM from IIM Indore and a CFA license from the CFA Institute in the United States. He has obtained his CA from ICAI. In 2001, he earned a Bachelor of Commerce from Heramba Chandra College in Kolkata. Amit joined UTI AMC in 2009 as a Senior Research Analyst and has conducted research on Banks, NBFCs, telecom, and cement. In June 2014, he also assumed portfolio duties. Over thirteen years of experience. After finishing his CA in April 2003, he joined Peerless Finance’s equities research division as a research analyst. After completing his MBA, he joined JP Morgan in 2006, where he initially covered the Banking/Financial sector in the Global Research Centre before moving on to cover Indian Financials in JP Morgan, India. He joined Deutsche Securities in April 2008 as an Associate Analyst specializing in Financials.
In August 2019, Ankit Agarwal joined at UTI. Currently, he is the Fund Manager in charge of the UTI Mid Cap Fund. He has over 12 years of professional experience. Prior to joining UTI, he worked for Lehman Brothers, Barclays Wealth, and Centrum Broking Ltd., where he also held the position of senior vice president. He has a bachelor’s degree in technology from the National Institute of Technology and a master’s degree in management from IIM, Bangalore.
Mr Kaushik Basu
Mr. Basu is both the Equity Fund Manager and Executive Vice President or EVP of UTI Asset Management Company. He received his undergraduate and graduate degrees from the University of Calcutta and has a legal background. Mr. Basu is a senior member of the Indian Institute of Cost Accountants (ICAI). He brings 32 years of experience and success to UTI Mutual Funds.
Basu served at the Calcutta Regional Office of UTI in various executive capacities from 1984 until 1999. He has also held different executive positions at the headquarters of the UTI Group of companies.
Basu has also held the position of assistant fund manager for a number of UTIMF products, including the UTI Opportunity and Wealth Builder Funds. Additionally, his 20 years of experience in the domestic equity market have earned him a significant reputation in India and overseas.
What are ELSS Mutual Funds?
ELSS is a category of mutual fund products that enables investors to derive numerous investment benefits. With a three-year lock-in period, these funds are required to invest at least 65 percent of their assets in equities and equity-related derivatives. While there are a number of other investment products eligible for tax reduction under Section 80C, including but not limited to PPFs, NSCs, Tax Savings Fixed Deposits, etc., ELSS stands out among the other tax-saving investment options due to its many intrinsic benefits. While ELSS allows for a deduction of up to Rs. 1.50 lakhs on total taxable income each fiscal year, you can still choose to invest a higher amount in such funds to continue building wealth and pursue your financial objectives.
What is Dividend Yield Fund?
When you invest in an equity mutual fund, such as a sectoral IT fund, your money will be invested in several IT company equities. A dividend yield fund is also a type of equity fund that invests in the equities of regularly dividend-paying firms. The primary objective of dividend yield mutual funds is not capital appreciation, but rather to seek and invest in stocks that provide investors with monthly dividends.
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