UTI Mutual Fund
UTI Asset Management Company Ltd
About UTI Mutual Fund
The UTI mutual fund is a public mutual fund registered with the Securities and Exchange Board of India (SEBI) on 1 February 2003. Erstwhile UTI (Unit Trust of India) was annulled which led to its bifurcation into two - Specified Undertaking of Unit Trust of India (SUUTI) and UTI Mutual Fund (UTIMF).
Although not a government entity in its entirety, 74% stake of UTI Asset Management Company Limited (UTI AMC) is owned by 4 main public sector organizations - Life Insurance Corp. of India (LIC), State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB). 26% stake is owned by T Rowe Price Group Inc (TRP Group), through its subsidiary T Rowe Price Global Investment Services Ltd. (TRP).
UTIMF, headquartered in Mumbai, Maharashtra, India, is one of the oldest and largest ones in the market with over 12 million investor accounts registered under more than 250 schemes/plans (some of which will be discussed later) with a total AuM of nearly 1.59 trillion INR. Some of the services offered include, Portfolio Management Services (PMS), Mutual Funds, National Pension System (NPS), Private Equity, Private Debt and Offshore Funds.
Approximately 12.8% of the entire client base of mutual fund bodies in India (around 11 million folios out of 86 million) is managed by UTIMF. With a lot of investment options like gold, stocks and mutual funds among many others, UTIMF is a trusted MF body.
How to invest in UTI Mutual Funds?
Investing in mutual funds can be done in two ways - online and offline. Online investing has a huge advantage over offline because you have the liberty to sit at home, and invest directly from your device. Here’s how you do that through Mobikwik:
- Step 1- Register for a mobikwik account, or log in if you already have one.
- Step 2-Complete your KYC process by submitting your personal details, such as address, PAN card number, and mobile number.
- Step 3 - Choose a UTI mutual fund scheme of your choice (options available in a separate section later).
- Step 4 - You can invest in two ways - a bulk amount once, or small amounts at regular intervals - called SIP (Systematic Investment Plan).
- Step 5 - Process completion can be noticed in your Mobikwik account which usually doesn’t take more than 3-4 working days.
Types of Funds Offered by UTI Mutual Fund
Some of UTIMF’s provisions include, equity-oriented MFs, debt-oriented MFs, hybrid MFs among a lot others. It’s important to choose which type of MF you want to go for, based on the risks involved, returns you expect and your investment goals. Here are some of the top performing MFs by UTI -
UTI Transportation & Logistics Fund
This is an Equity-Sectoral mutual fund with an NAV (Net Asset Value) of ₹ 85.3332 as of August 14, 2020. The fund, which was launched in April 2008, has wealth creation as its primary objective. With a high risk factor, but a return of over 7% in 2020, this mutual fund has been performing well.
UTI MNC Fund
As is apparent from its name, the UTI MNC fund is an Equity-Thematic fund focused on equity investments of multinational corporations. The UTI MNC fund’s NAV was upwards of ₹ 199 as of August 2020. Despite being a high risk fund scheme, it delivered 12.3% in 2019. This is a fairly old scheme, launched in May 1998.
UTI Value Opportunities Fund
As of August 2020, the NAV for this Equity-Value fund is ₹ 25.3652. With a moderately high risk factor involved, this is the third highest-rated UTI mutual fund scheme. In 2019, returns for this UTI MF were 8.1%.
UTI Equity Fund
Being an Equity-Multi Cap Fund with an NAV higher than ₹ 150 as of August 2020, this mutual fund has a 4 star rating. With a moderately high risk factor, this fund was created to invest in a variety of equities in May 1992. In 2019, it returned over 13.6%.
UTI Arbitrage Fund
This Hybrid-Arbitrage Fund is the most famous among hybrid mutual funds provided by UTI. Being a moderately low risk fund, this fund invests in equity and derivatives, and generates return based on their price differentials. In 2019, it delivered a modest 5.4%.
UTI Corporate Bond Fund
With a moderate risk factor, this fund is an Open-ended Debt Scheme. A recent fund which was created only in August, 2018, its NAV hovers around ₹ 12 as of August 14, 2020. This UTI fund delivered approximately 12% in returns in 2019.
UTI Overnight Fund
This is an Overnight & Liquids Fund with an NAV of over ₹ 2742 as of August 16, 2020. A low risk fund created in November 2003, the UTI overnight fund invests in bonds with an expiry of one day. In 2019, it delivered over 4.2% returns.
UTI Gilt Fund
A moderate risk fund, the UTI Debt-Gilt Fund was created in January 2002 for investing in sovereign securities that are issued by the central and state governments in an attempt to generate risk-free returns over the medium to long term horizon. Its annual return in 2019 was 9.96%.
UTI Long Term Equity Fund (Tax Saving)
This is an Equity-ELSS fund created in December 1999, for tax saving purposes. It has a moderately high risk factor, with a substantial annual return of 6.97% in 2019 with a 3 star rating.
UTI Liquid Cash Plan
Being a low risk, Overnight and Liquid Funds created in December 2003, this fund delivered a modest 5.19% returns in 2019, and is rated 3 stars.
Documents Required to Invest in UTI Mutual Fund
To begin your UTI mutual fund investment, you may need to submit/upload the following documents along with your KYC:
- Proof of identity:(Photo PAN Card/ In case of Non-Photo PAN Card, submit a copy of PAN Card with Driving License /Passport copy / Voter ID /Bank Photo Passbook).
Proof of address (any one of the following) -
- Aadhaar card
- Passport copy
- Voter ID
- Driving License
- Passport Size Photograph
CEO / MD
Mr. Leo Puri
UTI Tower , `GN' Block, Bandra Kurla Complex, Bandra (E)
Mumbai - 400 051
Registrar & Transfer Agent
Karvy Fintech Pvt Ltd.
"KARVY HOUSE",46, Avenue 4, Street No.1, Banjara Hills,
Hyderabad - 500 034
Haribhakti & Co. Chartered Accountants
42, Free Press House,4th Floor, 215, Nariman Point,
Mumbai - 400 021
Total Net Assets of UTI Mutual Fund as of March 2018 - 127,186cr
UTI Mutual Fund - Estimated fund Flows for March 2018
Frequently Asked Questions on UTI Mutual Fund
Which is the best UTI Mutual Fund?
There’s no best UTI Mutual Fund as such. All schemes have been introduced to serve various purposes and goals. It all comes down to your investment goals, the amount of risk you’re willing to take and the returns to expect.
Is UTI Mutual Fund good?
UTI Mutual Fund schemes are ideal for both short-term and long-term gains and multiple other wealth generation purposes. There’s an added advantage of choosing your way of investment - bulk amount at once, or SIP (small amounts at regular intervals). You can start investing in UTI MF online with as low as Rs 500.
How do I get a UTI mutual fund account statement?
Consolidated Account Statements (CAS) are sent to the investor on a monthly basis, on or before 10th day of the succeeding month along with the previous month’s transactions. CAS are sent to the address mentioned in their KYC submission. So make sure you have updated your details in case of any change.
How do I check my UTI fund balance?
Users can track their UTI MF investment, including their UTI mutual fund NAV on Mobikwik in real-time. With Mobikwik, you will always be in command of your UTI fund portfolio and track it anytime and anywhere helping you make the right decisions at the right time.
Is UTI mutual fund tax free?
Under section 10 (23D) of the Income Tax Act, 1961 ("the Act"), the entire income is exempt from tax.
How do I withdraw money from UTI Mutual Fund?
How do I withdraw money from UTI Mutual Fund?
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UTI Mutual Fund Schemes
|UTI Arbitrage Fund Direct Growth Option||—||Others||31.8118||0.35%||3,017 cr||6.19%||4.86%||5.55%|
|UTI Banking and Financial Services Fund-Direct Growth Option||Equity||147.0174||1.36%||867 cr||25.30%||27.20%||7.57%|
|UTI Banking & PSU Debt Fund Direct Plan Growth||Debt||19.1461||0.25%||892 cr||8.06%||7.11%||5.98%|
|UTI Bond Fund Direct Plan Growth||Debt||68.7176||1.30%||318 cr||8.50%||9.55%||4.93%|
|UTI CCF- Investment Plan - Growth- Direct||Balanced||66.2276||1.48%||717 cr||15.69%||23.23%||11.12%|
|UTI Core Equity Fund-Growth Option - Direct||Equity||114.2035||1.63%||1,619 cr||19.98%||28.68%||12.06%|
|UTI Corporate Bond Fund Direct Growth||Debt||14.2564||0.25%||3,260 cr||6.94%||5.65%||—|
|UTI Credit Risk Fund Direct Plan Growth Option||Debt||16.3872||0.84%||433 cr||7.38%||8.17%||-0.62%|
|UTI-Dividend Yield Fund -Growth-Direct||Equity||116.8147||1.45%||2,810 cr||12.90%||23.39%||12.14%|
|UTI Dynamic Bond Fund Direct Plan Growth Option||Debt||28.4221||0.79%||563 cr||6.83%||9.92%||6.62%|
|UTI Equity Savings Fund Direct Growth||Balanced||15.1558||0.70%||268 cr||12.72%||14.12%||—|
|UTI Flexi Cap Fund - Growth Option - Direct||Equity||255.1136||0.88%||24,237 cr||11.60%||22.50%||12.62%|
|UTI Gilt Fund Direct Plan Growth||Debt||55.5044||0.68%||534 cr||7.72%||4.06%||7.56%|
|UTI Healthcare Fund-Growth Option- Direct||—||Equity||170.6992||1.49%||683 cr||10.67%||15.18%||14.87%|
|UTI Hybrid Equity Fund-Growth - Direct||Balanced||294.5187||1.34%||4,441 cr||17.26%||23.88%||11.24%|
|UTI India Consumer Fund Direct Plan Growth Option||Equity||43.6594||1.77%||458 cr||17.88%||19.01%||9.75%|
|UTI Infrastructure Fund-Growth Option- Direct||Equity||94.163||1.92%||1,501 cr||27.27%||27.57%||11.74%|
|UTI - Liquid Cash Plan - Direct Plan - Growth Option||—||Liquid||3738.363||0.14%||28,469 cr||6.41%||4.44%||5.34%|
|UTI Long Term Equity Fund - Growth Option - Direct||Equity||161.5997||0.95%||2,883 cr||16.33%||23.77%||12.50%|
|UTI Master Share-Growth Option - Direct||Equity||215.2052||0.95%||10,557 cr||13.67%||22.48%||12.17%|
|UTI Medium Term Fund - Direct Plan - Growth Option||Debt||16.7399||1.01%||47 cr||7.47%||5.02%||5.10%|
|UTI Mid Cap Fund-Growth Option- Direct||Equity||219.9265||0.99%||7,289 cr||21.66%||31.94%||14.04%|
|UTI MNC Fund Direct Growth Option||Equity||317.0303||1.25%||2,374 cr||16.57%||16.98%||8.80%|
|UTI Money Market Fund - Direct Plan - Growth Option||Debt||2673.8685||0.20%||9,001 cr||6.79%||5.05%||6.24%|
|UTI Multi Asset Fund Direct Growth Option||Balanced||53.6719||1.06%||891 cr||19.86%||15.35%||8.96%|
|UTI Nifty200 Momentum 30 Index Fund Direct Growth||—||Equity||14.1828||0.40%||2,090 cr||20.43%||—||—|
|UTI Nifty 50 Index Fund-Growth Option- Direct||Equity||127.0808||0.20%||10,615 cr||14.96%||23.57%||12.67%|
|UTI Nifty Next 50 Index Fund Direct Growth||—||Equity||15.6167||0.33%||2,119 cr||13.71%||19.48%||—|
|UTI Regular Savings Fund-Growth-Direct||Balanced||59.3089||1.22%||1,551 cr||10.65%||12.77%||7.70%|
|UTI - Short Term Income Fund - Direct Plan - Growth Option||Debt||28.6629||0.34%||2,384 cr||7.26%||7.56%||5.72%|
|UTI Transportation & Logistics Fund-Growth Option- Direct||—||Equity||189.1802||1.03%||2,019 cr||26.77%||32.40%||8.05%|
|UTI - Treasury Advantage Fund - Direct Plan - Growth Option||Debt||3093.4134||0.34%||3,288 cr||6.59%||6.90%||4.90%|
|UTI - Ultra Short Term Fund - Direct Plan - Growth Option||Debt||3903.3792||0.45%||2,354 cr||6.55%||5.95%||5.79%|
|UTI Value Opportunities Fund-Direct Growth Option||Equity||115.538||1.15%||6,815 cr||17.53%||24.82%||13.06%|