UTI Asset Management Company is a leading AMC in India with a wide range of investment options for every individual. It is promoted by the SBI, LIC, PNB and Bank of Baroda (BoB), and has a strong track record of performance. Read More
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Mutual funds was introduced in India in 1963 with the formation of the Unit Trust of India. In 2003, two separate entities – SUUTI and UTI Mutual Funds or UTI MF emerged from the former Unit Trust of India. UTI Mutual Fund registered with the SEBI on February 1, 2003.
UTI was formed in 1963 under a Parliament Act and governed by the RBI. Until 1993, the Indian mutual funds’ space was dominated by public sector companies, with UTI Mutual Fund being a significant player in the domain.
UTI Mutual Fund has a long history as the most renowned mutual fund in India. They have nearly 11 million investors and 250 plus active mutual fund schemes in India. UTI engages 50,000 plus AMFI and NSFM-certified financial advisors to help investors invest in UTI MF. As of February 28, 2023, UTI Mutual Fund has assets under management of ~₹2,33,772 crore.
If one prefers, they can also invest in UTI AMC shares on the primary Indian exchanges. However, before investing, it is wise to follow the UTI AMC share price on your Angel One mobile app to plan the right entry into the market.
As a leading AMC, UTI has been a pathbreaker on many occasions. They were the first to offer a Unit Linked Insurance Plan or ULIP in 1971, with additional life and accidental insurance coverage. The UTI Wealth Builder Fund Combines equity investment with gold investment.
As an asset management company, UTI has a well-diversified portfolio with an extensive range of investment options to suit every individual. Besides mutual funds, they have diversified into Retirement Plans, Portfolio Management Solutions, International Banking, and Alternative Asset Management.
The following are some of the key information regarding the UTI asset management company –
| Founding date | February 01, 2003 |
| AMC Incorporation date | September 05, 1994 |
| Headquarters in | Mumbai |
| Name of the sponsors | State Bank of India/Punjab National Bank/Bank of Baroda/ Life Insurance Corporation of India. |
| Trustee organisation | UTI Trustee Co(P) Ltd. |
| MD and CEO | Imtaiyazur Rehman |
| Compliance Officer | Vivek Maheshwari |
| Investor Service Officer | Nanda Malai |
Investing in UTI Mutual Funds is an easy and hassle-free process when done through your Angel One Demat account. Just take the following steps:
Step 1: Log in to your Angel One account with your mobile number and validate with OTP. At the next step, enter the MPIN.
Note: If you don’t have an Angel One, open a Demat in a matter of minutes by submitting the necessary documents.
Step 2: Find the most suited UTI MF based on your goals and risk profile. To do this, learn more about each fund offered by the AMC on the Angel One app. At this stage, consider the following to evaluate the funds:
Step 3:Once you have chosen the fund(s) for investing, open your Angel One account and go to the Mutual Funds section to select the fund on the page.
Mutual funds are long term investments, and you must make a careful choice. Things you must consider are:
Investing in UTI Mutual Fund through Angel One offers you a streamlined and entirely digital KYC process, ensuring a hassle-free investment journey. To complete the KYC process, you’ll need to furnish the following essential documents:
With Angel One, the KYC verification process is simplified, allowing you to swiftly and efficiently access UTI Mutual Funds, whether you’re a new or returning investor. Achieving your financial goals is now more accessible through our user-friendly platform. Your KYC process will be completed in just 48-72 business hours, enabling you to commence your mutual fund journey promptly.
| Name of the Fund | Sub Category | AUM (₹ in crore) | Minimum Investment(₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| UTI Infrastructure Fund | Sectoral Fund – Infrastructure | 1647.83 | 1500 | 32.11 | 16.82 |
| UTI Core Equity Fund | Large & Mid Cap Fund | 1925.88 | 1500 | 29.53 | 16.31 |
| UTI Mid Cap Fund | Mid Cap Fund | 8881.36 | 500 | 28.54 | 20.13 |
| UTI Transportation & Logistics Fund | Sectoral Fund – Auto | 2348.16 | 500 | 28.28 | 13.28 |
| UTI Banking and Financial Services Fund | Sectoral Fund – Banks & Financial Services | 911.68 | 5000 | 26.25 | 11.02 |
| UTI Value Opp Fund | Value Fund | 7539.86 | 500 | 24.04 | 15.71 |
| UTI Hybrid Equity Fund | Aggressive Hybrid Fund | 4788.04 | 500 | 23.55 | 13.69 |
| UTI Dividend Yield Fund | Dividend Yield Fund | 3108.89 | 5000 | 23.49 | 14.47 |
| UTI LT Equity Fund (Tax Saving) | Equity Linked Savings Scheme (ELSS) | 3141.2 | 500 | 22.53 | 15.28 |
| UTI Nifty 50 Index Fund | Index Fund | 12092.48 | 1500 | 20.76 | 13.49 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
Lets talk about some of the best UTI Mutual Fund in India, there are a few listed below:
This fund belongs to the sectoral fund category focusing on infrastructure. It manages assets worth ₹1647.83 crore and maintains an expense ratio of 1.94%. Over the past 3 years, it has shown a Compounded Annual Growth Rate (CAGR) of 32.11%. The minimum investment for this fund is ₹1500.
UTI Core Equity Fund falls under the Large & Mid Cap Fund category. It oversees assets totalling ₹1925.88 crore, with an expense ratio of 1.31%. Over a 3-year period, it has displayed a CAGR of 29.53%. The minimum investment for this fund is ₹1500.
Categorised as a Mid Cap Fund, UTI Mid Cap Fund manages assets worth ₹8881.36 crore and has an expense ratio of 0.8%. It has demonstrated a CAGR of 28.54% over the past 3 years. The minimum investment required for this fund is ₹500.
This fund is classified as a Sectoral Fund focusing on the auto sector. It holds assets worth ₹2348.16 crore and maintains an expense ratio of 0.83%. Over 3 years, it has exhibited a CAGR of 28.28%. The minimum investment for this fund is ₹500.
UTI Banking and Financial Services Fund is a Sectoral Fund concentrating on Banks & Financial Services. It manages assets amounting to ₹911.68 crore and possesses an expense ratio of 1.18%. Over a 3-year period, it has shown a CAGR of 26.25%. The minimum investment for this fund is ₹5000.
UTI Value Opp Fund falls within the Value Fund category. It handles assets totalling ₹7539.86 crore and maintains an expense ratio of 1.11%. Over the past 3 years, it has exhibited a CAGR of 24.04%. The minimum investment for this fund is ₹500.
Categorised as an Aggressive Hybrid Fund, UTI Hybrid Equity Fund manages assets worth ₹4788.04 crore and maintains an expense ratio of 1.3%. It has displayed a CAGR of 23.55% over a 3-year period. The minimum investment required for this fund is ₹500.
UTI Dividend Yield Fund belongs to the Dividend Yield Fund category. It oversees assets amounting to ₹3108.89 crore and maintains an expense ratio of 1.44%. Over the past 3 years, it has shown a CAGR of 23.49%. The minimum investment for this fund is ₹5000.
This fund falls under the Equity Linked Savings Scheme (ELSS) category. It manages assets worth ₹3141.2 crore and maintains an expense ratio of 0.85%. Over a 3-year period, it has displayed a CAGR of 22.53%. The minimum investment for this fund is ₹500.
UTI Nifty 50 Index Fund is categorised as an Index Fund. It oversees assets totalling ₹12092.48 crore and maintains an expense ratio of 0.21%. Over the past 3 years, it has shown a CAGR of 20.76%. The minimum investment for this fund is ₹1500.
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