UTI Mutual Fund: Since its inception in 2003 following the Unit Trust of India's bifurcation, UTI Mutual Fund has firmly established itself as a key player in the Indian financial sector. Governed by SEBI, it enjoys the support of significant PSU banks like State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India.

Key Highlights of UTI Mutual Fund:

• Robust Management: Operated by UTI Asset Management Company Ltd., with backing from major PSU banks and T Rowe Price Group Inc.
• Vast Investor Base: Encompassing nearly 11 million investors and managing approximately Rs 23372 Crores, UTI ranks as India's eighth-largest mutual fund.
• Extensive Distribution Network: Over 50,000 certified Independent Advisors and 200 full-time Financial Service Centres ensure broad accessibility.

Diverse UTI Mutual Fund Schemes:

UTI Mutual Fund presents a wide array of funds catering to various risk profiles and investment goals, such as:

• UTI Medium to Long Duration Fund: A moderate risk debt fund yielding a 1-year return of 6.8%.
• UTI Aggressive Hybrid Fund: A high-risk hybrid fund with a 1-year return of 15.1%.
• UTI Liquid Fund: A moderate risk debt fund offering a 1-year return of 7.0%.
• UTI Large & Mid Cap Fund: A high-risk equity fund achieving a 1-year return of 18.1%.
• UTI Nifty 50 Index Fund: A high-risk equity fund following the Nifty 50 Index, showing a 1-year return of 7.4%.

Expert Fund Managers at UTI:

The success of UTI Mutual Fund is attributed to its experienced fund managers:

• Mr. Ajay Tyagi: As Executive Vice President and Fund Manager of Equity, he brings extensive expertise in equity research and fund management.
• Mr. Kausik Basu: Executive Vice President and Fund Manager of Equity, he has amassed 32 years of experience.
• Mr. Ritesh Nambiar: Senior Vice President and Senior Fund Manager, credited for creating successful products like Ultra Short Term and Medium Term Mutual Funds.
• Mr. Sharwan Kumar Goyal: Vice President and Chief Fund Manager of Equity, with over 11 years in risk management and equity.

In summary, UTI Mutual Fund stands as a symbol of reliability in the Indian market. Offering diverse funds, expert management, and a comprehensive distribution network, it provides customized investment solutions. Initiate your investment journey with UTI Mutual Fund through Groww today!