In this blog, we will explore what UTI Mutual Fund is, its history and evolution, the various investment products it offers, and the factors that make it a popular choice among investors.
Overview:
UTI Mutual Fund is one of India’s oldest and largest mutual fund companies, with over 60 years of experience. It offers a wide range of mutual fund schemes, including equity funds, debt funds, hybrid funds, and index funds. UTI MutualFund is known for its low-cost funds and its strong track record of performance.
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What is a Mutual Fund?
A mutual fund is an investment vehicle that pools money from many investors and invests it in a diversified basket of securities, such as stocks, bonds, and money market instruments—professional fund managers with the expertise to manage mutual funds to make informed investment decisions.
History and Evolution of UTI Mutual Fund
UTI Mutual Fund was established in 1963 as the Unit Trust of India, making it one of the oldest and most established asset management companies in the country. The company was established as a public trust under the Unit Trust of India Act of 1963, with the objective of providing the Indian public with an opportunity to participate in the Indian capital markets. Over the years, UTI MutualFund has grown significantly, both in terms of assets under management and the range of investment products it offers.
In 2002, UTI MutualFund underwent a major restructuring and became a mutual fund company, following the government’s decision to open up the Indian mutual fund industry to private players. Since then, Unit Trust of India Mutual Fund has expanded its operations and has established itself as a leading player in the Indian mutual fund industry. Today, the company has a strong network of distribution partners, including banks, financial institutions, and independent financial advisors, which enables it to reach a large number of investors across the country.
Investment Products Offered by UTI Mutual Fund
Unit Trust of India Mutual Fund offers a wide range of investment products, including equity funds, debt funds, hybrid funds, and solution-oriented schemes, to cater to the diverse investment needs of its clients. Investing decisions at the company are driven by research, ensuring consistent returns for clients.
- Equity Funds: Unit Trust of India Mutual Fund offers several equity funds, including large-cap, mid-cap, and small-cap funds, sectoral funds, and thematic funds. In order to generate long-term capital appreciation, these funds invest in a diversified portfolio of stocks. The company’s equity funds are designed to cater to the different risk and return profiles of its clients, making it easy for them to choose a fund that is in line with their investment goals and risk tolerance.
- Debt Funds: UTI MutualFund also offers a range of debt funds, including short-term, medium-term, and long-term debt funds, gilt funds, and income funds. Investments in fixed-income securities include government bonds and corporate bonds, and the commercial papers’ objective of these funds is to generate regular income for investors, with relatively lower volatility than equity funds.
- Hybrid Funds: UTI Mutual Fund offers a range of hybrid funds, including balanced funds, dynamic asset allocation funds, and multi-asset funds. These funds invest in a combination of equity and debt securities, offering investors the benefits of diversification and a balanced risk and return profile. Hybrid funds aim to provide investors with a mix of capital appreciation and regular income, making them an attractive option for those who are looking for a moderate level of risk in their investments.
- Solution-Oriented Schemes: Unit Trust of India Mutual Fund also offers solution-oriented schemes, which are designed to meet the specific investment needs of its clients. These schemes include children’s education funds, retirement funds, and tax-saving schemes, among others. The objective of these schemes is to provide investors with a tailored investment solution that meets their specific financial goals and needs.
Factors that Make UTI Mutual Fund a Popular Choice Among Investors
There are several factors that make UTI Fund a popular choice among investors, including:
- Strong Reputation: UTI Mutual Fund has a long history of providing quality investment products and services to its clients, making it one of the most trusted and respected asset management companies in the country.
- Investment Products: Unit Trust of India Mutual Fund offers a wide range of investment products, catering to the diverse investment needs of its clients. The company’s investment products are designed to meet the different risk and return profiles of its clients, making it easy for them to choose a fund that is in line with their investment goals.
- Experienced Investment Management Team: UTI MutualFund has a highly experienced investment management team, which employs a research-driven approach to investment decision-making. The company’s investment management team continuously monitors the performance of its schemes and makes adjustments as needed, in an attempt to maximize returns for its clients.
- Strong Network of Distribution Partners: UTI Mutual Fund has a strong network of distribution partners, including banks, financial institutions, and independent financial advisors, which enables it to reach a large number of investors across the country.
- Transparent and User-Friendly Investment Process: Unit Trust of India Mutual Fund has a transparent and user-friendly investment process, making it easy for investors to understand and invest in its schemes. The company provides regular updates on the performance of its schemes and makes it easy for investors to track their investments online.
Benefits of Mutual Funds
Mutual funds offer several benefits to investors, including:
- Diversification: Mutual funds invest in a diversified basket of securities, which helps to reduce risk.
- Liquidity: Mutual funds are highly liquid investments that can be easily converted into cash.
- Professional management: Mutual funds are managed by professional fund managers with the expertise to make informed investment decisions.
- Affordability: Mutual funds are relatively affordable with low minimum investment requirements.
Key Information
Here are some key things to know about UTI Mutual Fund:
- UTI MutualFund is one of India’s oldest and largest mutual fund companies.
- It offers a wide range of mutual fund schemes, including equity funds, debt funds, hybrid funds, and index funds.
- UTI Mutual Fund is known for its low-cost funds and its strong track record of performance.
- Mutual funds are a type of investment vehicle that pools money from many investors and invests it in a diversified basket of securities, such as stocks, bonds, and money market instruments.
- Mutual funds offer a number of benefits to investors, including diversification, liquidity, professional management, and affordability.
How to Invest in UTI Funds?
There are two ways to invest in UTI MutualFund schemes:
- Directly
To invest directly in UTI MutualFund schemes, you can follow these steps:
- Go to the UTI website or download the UTI Mutual Fund app.
- Click on the “Invest Now” button.
- Select the scheme you want to invest in and enter the amount you want to invest.
- Choose the investment type: one-time (lumpsum) or SIP.
- Complete the KYC process if you haven’t already.
- Make the payment.
- Through a mutual fund distributor
You can also invest in UTI MutualFund schemes through a mutual fund distributor, such as ET Money, Zerodha, or Paytm Money. To do this, you will need to create an account with the distributor and complete the KYC process. Once your account is set up, you can select the UTI Mutual Fund scheme you want to invest in and enter the amount you want to invest. The distributor will then process your investment on your behalf.
How to Invest in UTI Mutual Fund via Paytm Money?
To invest in UTI MutualFund via Paytm Money, follow these steps:
- Download the Paytm Money app or visit the Paytm Money website.
- Sign up for an account or log in to your existing account.
- Complete your KYC if you haven’t already.
- Click on the “Mutual Funds” tab.
- In the search bar, type “UTI Mutual Fund” and select the scheme you want to invest in.
- Click on the “Invest Now” button.
- Enter the amount you want to invest and choose the investment type: one-time (lumpsum) or SIP.
- Review your investment details and click on the “Invest” button.
- Make the payment.
List of UTI Mutual Funds in India
UTI MutualFund offers a wide range of mutual fund schemes in India, including:
- Equity funds
- Debt funds
- Hybrid funds
- Index funds
Some of the popular UTI Mutual Fund schemes include:
- UTI Flexi Cap Fund
- UTI Nifty 50 Index Fund
- UTI Master shared Fund
- UTI Long Term Equity Fund
- UTI Value Opportunities Fund
- UTI Hybrid Equity Fund
- UTI Short-Term Income Fund
- UTI Dynamic Bond Fund
- UTI Money Market Fund
- UTI Liquid Fund
You can find a complete list of UTI Mutual Fund schemes on the website.
Top 10 UTI Mutual Funds to Invest
Here is a list of the top 10 UTI mutual funds to invest in based on their performance over the past three years:
- UTI Flexi Cap Fund
- UTI Nifty 50 Index Fund
- UTI Master shared Fund
- UTI Long Term Equity Fund
- UTI Value Opportunities Fund
- UTI Hybrid Equity Fund
- UTI Short-Term Income Fund
- UTI Dynamic Bond Fund
- UTI Money Market Fund
- UTI Liquid Fund
What are the Documents Required to Invest in UTI Mutual Fund?
To invest in Mutual Fund, you will need the following documents:
- KYC documents: PAN card, Aadhaar card, and bank account statement
- Investment form
Top UTI Fund Managers
Here are some of the top UTI fund managers:
- Mr. Anupam Tiwari
- Mr. Pankaj Kumar
- Mr. Jinesh Gopani
- Mr. Anirban Basu
- Mr. Vishal Dhawan
UTI Mutual Funds Returns Calculator
You can use the Mutual Funds Returns Calculator to estimate the returns on your investment. The calculator takes into account the Fund’s past performance, the current market conditions, and your investment horizon.
UTI Customer Care Details
UTI Mutual Fund’s customer care number is 1800 200 3445.
FAQs
What is the pause function in SIPs offered by UTIs?
The pause function, also known as the SIP (Systematic Investment Plan) Pause facility, allows investors to temporarily stop their SIP investments in UTI mutual funds for a specific period without completely discontinuing the plan. This feature provides flexibility to investors in managing their investments.
What are the requirements to complete the Digital KYC?
To complete Digital KYC (Know Your Customer) for UTI mutual fund investments, you typically need to provide your PAN (Permanent Account Number) card, Aadhaar card, and a valid mobile number. The exact requirements may vary, so it's advisable to check with UTI or their authorised agents for specific documentation.
How long does it take to redeem the UTI mutual fund?
The redemption process for UTI mutual funds typically takes a few business days to complete. The exact duration may vary based on the specific mutual fund scheme, market conditions, and the mode of redemption you choose (e.g., online or offline).
How do I redeem UTI funds?
You can redeem UTI mutual fund units by submitting a redemption request through the UTI AMC website, mobile app or by visiting a UTI branch office. Ensure that you have your folio number and KYC details ready for a smooth redemption process.
When was the UTI Investment Fund established?
UTI Investment Fund was established on 1 February 2003. It is essential to check for the most up-to-date information regarding the Fund's establishment date.
Is UTI SEBI Investment Fund registered?
Yes, UTI SEBI Investment Fund is registered with SEBI (Securities and Exchange Board of India). It complies with SEBI regulations governing mutual funds in India.
Are UTI mutual fund schemes safe to invest in?
UTI mutual fund schemes are subject to market risks, and the returns on investments can fluctuate. However, UTI is a well-established and reputable asset management company, and its schemes are managed by experienced professionals. It's important to consider your risk tolerance and investment goals before investing in any mutual fund.
Which UTI Mutual Fund scheme is the best for short-term investment?
The suitability of a UTI Mutual Fund scheme for short-term investment depends on your specific financial goals and risk tolerance. You should consult with a financial advisor or research different UTI schemes to find one that aligns with your investment horizon and objectives.
Are UTI mutual fund schemes tax-free?
UTI mutual fund schemes may offer tax benefits under certain sections of the Income Tax Act, such as ELSS (Equity Linked Savings Scheme) funds. However, the tax treatment varies based on the scheme and the individual's tax profile. It's advisable to consult a tax advisor for personalised guidance.
How can I cancel the ongoing SIP in a UTI Mutual Fund scheme?
You can usually cancel an ongoing SIP in a UTI Mutual Fund scheme by submitting an SIP cancellation request through the UTI AMC website mobile app or by contacting customer service or the nearest UTI branch.
How can I get the UTI Mutual Fund statement?
You can obtain your UTI Mutual Fund statement online by logging into your UTI AMC account on their official website or mobile app. Alternatively, you can request a physical statement through UTI's customer service.
How to redeem UTI mutual funds online?
To redeem UTI mutual fund units online, log in to your UTI AMC account on their official website or mobile app, navigate to the redemption section, and follow the instructions to initiate the redemption process.
How to redeem UTI Mutual Fund?
To redeem UTI mutual fund units, you can do so by submitting a redemption request through the UTI AMC website mobile app or by visiting a UTI branch office. Ensure you provide your folio number and other necessary details for processing.
How to stop SIP in UTI mutual fund online?
To stop your SIP in a UTI Mutual Fund scheme online, log in to your UTI AMC account, go to the SIP section, and follow the steps to cancel or pause your SIP.
How do you withdraw money from the UTI mutual fund?
You can withdraw money from UTI mutual fund schemes by submitting a redemption request through their online portal or by visiting a UTI branch office. Ensure you provide your folio number and other necessary details for processing.
How to do KYC in UTI mutual fund online?
To complete KYC for the UTI mutual fund online, visit the UTI AMC website or app and follow the instructions for the digital KYC process, which typically involves providing your PAN card, Aadhaar card, and mobile number.
How to add folio to UTI mutual fund?
To add a folio to the UTI mutual fund, you can do so while initiating a new investment. Provide the necessary KYC documents and details during the investment process, and a new folio will be created for you.
How do you change the bank account in the UTI mutual fund?
To change the bank account linked to your UTI mutual fund investments, you need to fill out the prescribed form for a change in bank details and submit it to the nearest UTI branch or through their online portal. Ensure that you provide the required documents and follow the process outlined by UTI.
How do I get a UTI mutual fund statement online?
You can access your UTI mutual fund statement online by logging into your UTI AMC account on their official website or mobile app. Look for the statement or account summary section to view or download your statement.
Conclusion
In conclusion, UTI Mutual Fund is a leading mutual fund company in India that offers a wide range of investment products to meet the diverse investment needs of its clients. The company’s strong reputation experienced investment management team, and transparent investment process makes it a popular choice among investors. If you are looking for a reliable and trustworthy mutual fund company to help you achieve your financial goals, UTI Mutual Fund is definitely worth considering.
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