UTI Mutual Fund Appoints Vetri Subramaniam as New MD & CEO

UTI Mutual Fund, India’s seventh-largest asset manager, has announced the appointment of Vetri Subramaniam as its new Managing Director and Chief Executive Officer, effective February 1, 2026. He will succeed Imtaiyazur Rahman, who has been leading the fund house since 2018.

Leadership Transition

The company confirmed that Rahman will continue as a strategic advisor until June 12, 2026, ensuring a smooth transition. His tenure saw UTI strengthen its position among the country’s top asset management companies.

Subramaniam’s Journey at UTI

Subramaniam joined UTI Mutual Fund in 2017 and was elevated to Chief Investment Officer in 2021. His promotion to the top leadership role reflects his track record and contribution to the fund house’s growth. His career progression is similar to industry peers like Navneet Munot of HDFC Mutual Fund and Anand Radhakrishnan of Sundaram Mutual Fund, who also moved from CIO roles to leadership positions.

Industry Context

Subramaniam’s elevation comes at a time when the Indian mutual fund industry is expanding rapidly, with total assets under management (AUM) reaching ₹75.36 lakh crore as of July 31, 2025. However, the sector faces rising competition and margin pressures with the entry of new players. UTI itself manages an AUM of ₹3.61 lakh crore, holding a 5% market share as of June 30, 2025.

Also Read: Best Defence Sector Mutual Funds In September 2025 Based on AUM!

Conclusion

The leadership change at UTI Mutual Fund marks a new chapter for the asset manager. With Subramaniam at the helm, the fund house is expected to build on its strong foundation while navigating industry challenges and pursuing future growth.

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