UTI Mutual Fund – Review, Fund Managers, KYC Process, Best Funds, Fees & more
UTI Mutual Fund AMC or Unit Trust of India is one of the biggest mutual fund houses in the country with more than 1.1 crores of active investors.
This fund house is one of the largest in the nation when it comes to clients but also in offering multiple schemes.
In this article, we will discuss the various aspects of the fund house. We will begin with the basics of it and then we will dig deeper.
Here you will find details about the fees or charges of investing in UTI Mutual Funds and other charges. Then the article will give you an idea about the best performing mutual funds in the house.
Then if you are new to this field, how to invest and how to complete your KYC with required documents are also going to be discussed in the article.
So, all in all, this one piece of article can guide you everything you need to know regarding investment in UTI mutual funds.
About UTI Mutual Fund
Being established in the year 2003, it is comparatively younger than a few of the big mutual fund houses.
However, it has managed to beat them all in the number of active client base it has which is around 12.6% of the entire industry.
State bank of India, Punjab National Bank, Life Insurance Corporation of India, and Bank of Baroda holds 18.24% of the share (each) in UTI. The remaining percentage of shares are held by the T Rowe Price Group Inc.
The total asset under management of UTI is around Rs.1.59 lakh crores. It has more than 250 schemes which suit the different investing need of different investors.
The fund house has more than two hundred financial service center which are fully operational in different parts of the country.
There more than 50000 people are working who are AMFI certified and also did NSFM certifications.
UTI believes in rendering the best possible services and thus hires people who are having in-depth knowledge of the market and are certified.
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Why Invest in UTI AMC?
There are multiple benefits of investing in UTI Mutual Funds –
- Personalized Solutions: UTI has more than 250 plans for every kind of investor. This enables them to advise plans according to the need of the investors. They align the investment with the goals of investment which is why the investors’ profit increases (ROI).
- Reasonable Fees: The fees charged by UTI for rendering the service of asset management is quite reasonable. They have kept their charges on the lower side to help their clients earn more from the investment.
- Largest Network: UTI has more than 200 financial centers across the country in different cities and towns. This help the investor to reach the nearby office in case of any queries or dispute. It has one of the largest networks when it comes to the network of financial centers and financial advisors.
- Hassle-free registration process: The registration process is completely online. There is no need to stand in long queues to register yourself with UTI. You can register online and start investing.
How to Invest in UTI Mutual Funds?
To invest in UTI Mutual Funds AMC you need to follows these steps –
- If you are not registered, then register yourself first from this site.
- Fill the registration form with the details like name, address, occupation, PAN card number, AADHAAR Card Number and other details.
- Once you register yourself you can choose the investment criteria for your investment –
- Select the investment tenure
- Choose the level of risk you want to take – low, medium, or high
- Choose the type of investment – One time or SIP (Systematic Investment Plan).
- Then select UTI Mutual Funds from the options – choose the scheme/fund you want to invest your money into
- Make the payment using online banking, UPI, Debit, or Credit card and other options as given there.
- Once your payment is successfully received by the firm, the funds will be delivered within 4-5 working days.
UTI AMC – Fund Managers
The fund managers who generate the highest returns for UTI’s clients are –
Mr. Ajay Tyagi: Being one of the veterans in UTI, at present he is the Executive Vice President of the firm. He joined the firm back in 2000 even before its commencement.
Mr. Ajay is a CFA and efficient equity analysts. He is one of the most reputed fund managers in the country as a whole not just in UTI.
Mr. Kausik Basu: He is another Executive Vice President of the fund house. He is having more than three decades of experience.
He is a Chartered Accountant and a post-graduate in Commerce. Mr. Kausik has been associated with UTI since 1984 even before the setup of UTI Mutual Funds.
He has the most experience in the domestic equity market.
Mr. Ritesh Nambiar: With more than decade long association with UTI and overall experience of many more years in the industry, he is serving as the Senior VP of UTI.
He is also one of the senior fund managers looking after many funds and UTI’s Credit Risk Fund is one of his main fortes. He is a CFA and a Postgraduate in commerce.
Mr.Sharwan Kumar Goyal: He is the Chief Fund Manager of the Equity division in UTI and also the Vice President.
He is a Chartered Financial Analyst and a Post Graduate in Management as well. Mr.Sharwan is associated with UTI since 2006.
He has worked in different profiles like Risk Management, Portfolio analysis, Equity Management, and others. At present, he heads the overseas investment division.
UTI Mutual Fund – Key Personnel
- Mr.Imtaiyazur Rahman is the CEO and Whole-time Director of UTI Asset Management Company
- Mr.Surojit Saha is the Chief Financial Officer (CFO)
- Mr.Arvind Patkar is the Company Secretary
- Mr.Amandeep Chopra is the Group President & Head of Fixed Income
- Mr.Vetri Subhramaniam is the President and Head of Human Resource
- Mr.Indranil Chowdhury is the Head of Human Resource and also the President
How to do KYC Check for UTI Mutual Fund?
The process to complete your KYC with UTI Mutual Funds is simple and here you go –
- Login to your account with UTI
- Choose the KYC registration option
- Upload the scan copies of the documents.
- Self-attest the documents you are uploading
- Once uploaded, your KYC is complete.
Documents Required to Invest in UTI AMC
UTI Mutual Funds require you to submit the following documents –
- AADHAAR Card
- PAN Card
- Voter ID
- For address proof, you can submit any utility bill such as Electricity bill/phone bill/ etc.
- You can also submit the rental agreement if you are staying in a rented apartment.
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UTI Mutual Fund Fees or Charges
|Fund||Minimum Investment (Rs)||Entry Load (in % p.a.)||Exit Load (in % p.a.)||Fund Manager|
|UTI Arbitrage Fund – Growth – Direct Plan||5000||N.A||0.5||Rajeev Gupta|
|UTI Banking and Financial Services Fund – Growth – Direct Plan||5000||N.A||1||Amit Premchandani|
|UTI Banking & PSU Debt Fund – Growth – Direct Plan||5000||N.A||0.25||Sudhir Agarwal|
|UTI Bond Fund – Growth – Direct Plan||1000||N.A||3||Amandeep Singh Chopra|
|UTI Children’s Career Fund – Savings Plan – Scholarship – Direct Plan||1000||N.A||3||Amandeep Singh Chopra|
|UTI Children’s Career Fund – Investment Plan – Growth – Direct Plan||1000||N.A||4||Vetri Subramaniam|
|UTI Children’s Career Fund – Savings Plan – Direct Plan||1000||N.A||3||Amandeep Singh Chopra|
|UTI Children’s Career Fund – Investment Plan – Scholarship – Direct Plan||1000||N.A||4||Vetri Subramaniam|
|UTI Core Equity Fund – Growth – Direct Plan||5000||N.A||1||V. Srivatsa|
|UTI Corporate Bond Fund – Growth – Direct Plan||5000||N.A||N.A||Sudhir Agarwal|
UTI mutual fund charges a bit higher fees compared to its peers. Though there is no entry load, the exit load is quite high for most of the funds as given in the table above.
So, while withdrawing your funds you need to pay hefty charges which vary from 0% to 4% for the top funds.
The minimum investment that UTI accepts is also variable. While for some of the funds, it is Rs.1000, for the other, it is Rs.5000 and as per the requirement of the plan.
Best Performing UTI Mutual Fund
|Fund Name||Category||Risk||1Y Returns||Fund Size (in Cr)|
|UTI Banking and Financial Services Fund – Growth – Direct Plan||4.03||37.99||-9.07||53.44|
|UTI Banking & PSU Debt Fund – Growth – Direct Plan||0.14||1.78||8.88||36.88|
|UTI Bond Fund – Growth – Direct Plan||0.14||1.57||1.03||16.59|
|UTI Bond Fund (Segregated – 17022020) – Growth – Direct Plan||0.69||2.11||N.A||N.A|
|UTI Children’s Career Fund – Investment Plan – Growth – Direct Plan||5.56||24.36||16.83||75.09|
|UTI Children’s Career Fund – Savings Plan – Direct Plan||2.44||11.17||10.48||44.69|
|UTI Core Equity Fund – Growth – Direct Plan||6.32||19.77||11.55||44.76|
|UTI Corporate Bond Fund – Growth – Direct Plan||0.27||2.44||10.94||N.A|
|UTI Capital Protection Oriented Scheme – Series IX – I (1467 days) – Growth – Direct Plan||0.6||1.89||6.7||N.A|
According to the 1-year return, the best fund of UTI is Children’s, Career Fund. This is an investment plan which has a fund size of Rs.75.09 crores.
Then there is UTI Core Equity Fund with an 11.55% return in a year. The fund is Rs.44.76 crores.
While choosing the scheme/fund, you need to compare the 1-year return along with the other metrics given here.
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Top 10 UTI AMC Funds
|3-Year Return||5-Year Return|
|UTI Arbitrage Fund – Growth – Direct Plan||4.17||17.5||32.23|
|UTI Banking and Financial Services Fund – Growth – Direct Plan||-9.07||-5.89||53.44|
|UTI Banking & PSU Debt Fund – Growth – Direct Plan||8.88||15.02||36.88|
|UTI Bond Fund – Growth – Direct Plan||1.03||-1.73||16.59|
|UTI Bond Fund (Segregated – 17022020) – Growth – Direct Plan||N.A||NA||N.A|
|UTI Children’s Career Fund – Investment Plan – Growth – Direct Plan||16.83||18.8||75.09|
|UTI Children’s Career Fund – Savings Plan – Direct Plan||10.48||13.3||44.69|
|UTI Core Equity Fund – Growth – Direct Plan||11.55||4.1||44.76|
|UTI Corporate Bond Fund – Growth – Direct Plan||10.94||N.A||N.A|
|UTI Capital Protection Oriented Scheme – Series IX – I (1467 days) – Growth – Direct Plan||6.7||17.38||N.A|
Details on UTI AMC Top Funds
As per the 5-year return, the top three funds which delivered huge returns are UTI Children’s Career Fund, UTI Banking, and Financial Services Fund, and UTI Core Equity Fund.
While the first delivered a return of 75.09% in the last five years, the second provided around 53.44% return and the latter provided 44.76% return.
This is one of the crucial metrics that every investor must check before investing in the fund. 5-year returns suggest whether the fund is stable or not and about its performance.
If you compare the 3-year return then, the top fund with an 18.8% return is again UTI Children’s Career Fund. So, this fund has been delivering constant returns over the years.
Best UTI Mutual Fund – Portfolio
|Fund||Market Value (in Cr.)||Net Assst (in Cr.)||Rating|
|UTI Arbitrage Fund – Growth – Direct Plan||2449.68||36032.61||AAA|
|UTI Bond Fund – Growth – Direct Plan||20444.45||178605.97||AAA|
|UTI Children’s Career Fund – Investment Plan – Growth – Direct Plan||315.92||3777.79||AAA|
|UTI Children’s Career Fund – Investment Plan – Scholarship – Direct Plan||315.92||3777.79||AAA|
|UTI Children’s Career Fund – Savings Plan – Direct Plan||25699.07||295839.27||AAA|
|UTI Children’s Career Fund – Savings Plan – Scholarship – Direct Plan||25699.07||295839.27||AAA|
|UTI Dynamic Bond Fund – Growth – Direct Plan||5018.3||64387.14||AAA|
|UTI Equity Fund – Growth – Direct Plan||1960.89||162161.49||AAA|
|UTI Fixed Income Interval Fund – Half Yearly Plan – II – Growth – Direct Plan||849.09||6184.21||AAA|
|UTI Fixed Income Interval Fund – Monthly Interval Plan – II – Growth – Direct Plan||808.73||113047.94||AAA|
Details on Best UTI Mutual Funds Schemes
If you compare the funds as per their market value, then the top portfolio would be UTI Children’s Career Fund (Savings Plan) with a market value of Rs.25699.07.
The net asset value of the portfolio is Rs.295839.27 crores. The rating given to this fund is a triple ‘A’ ratings.
Then there is UTI Children’s Career Fund (Savings Plan – Scholarship) with ‘AAA’ ratings.
The market value of the fund is Rs.25699.07 crores. Then there is UTI Bond Fund which is a growth fund with a direct plan option.
The fund is having ‘AAA’ ratings. The market value of the fund is Rs.20444.45 crores and the net asset value is Rs.178605.97 crores.
UTI Mutual Fund Schemes NAV
|Fund||52 Week High (Rs.)||52 Week Low (Rs.)|
|UTI Arbitrage Fund – Growth – Direct Plan||28.16||26.84|
|UTI Banking & PSU Debt Fund – Growth – Direct Plan||16.2||14.8|
|UTI Banking & PSU Debt Fund – Growth – Direct Plan||16.2||14.8|
|UTI Banking and Financial Services Fund – Growth – Direct Plan||112.75||57.51|
|UTI Bond Fund (Segregated – 17022020) – Growth – Direct Plan||2.19||2.04|
|UTI Bond Fund – Growth – Direct Plan||54.22||48.97|
|UTI Capital Protection Oriented Scheme – Series IX – I (1467 days) – Growth – Direct Plan||12.65||11.59|
|UTI Capital Protection Oriented Scheme – Series IX – II (1462 days) – Growth – Direct Plan||12.56||11.49|
|UTI Capital Protection Oriented Scheme – Series IX – III (1389 days) – Growth – Direct Plan||12.4||11.32|
|UTI Capital Protection Oriented Scheme – Series VIII – II (1831 days) – Growth – Direct Plan||14.35||12.09|
Details on UTI AMC Schemes NAV
UTI Banking and Financial Service Fund has the highest 52-week high of Rs.112.75 while the lowest this fund achieved in the same period is Rs.57.51.
The difference is quite wide suggesting a high level of volatility. Then there is UTI Bond Fund with Rs.54.22 as the highest in 52-weeks. The lowest was also close to Rs.48.97.
Here the volatility is lower. This metric is useful in understanding the volatility of the fund and also its NAV movement.
UTI AMC Customer Care Details
|Address of AMC||UTI Towers, Gn Block, Bandra Kurla Complex, Bandra (East) Mumbai – 400 051|
|Telephone Number||+91 (22) 66786666|
|Fax Number||+91 (22) 66786503,56786578|
You can reach the UTI Mutual Funds AMC office which is located in the UTI Towers, Gn Block in BandraKurla Complex in Bandra, Mumbai.
The customer care executives are prudent at their work and helpful towards the clients. They can be contacts by mail as well. You can mail them at firstname.lastname@example.org.
The phone numbers are also given here, if you want you can connect them over a call.
UTI Mutual Fund AMC – Important Links
|UTI Mutual Fund Login||https://www.utimf.com/portal/login|
|UTI Mutual Fund App||NA|
UTI Mutual Fund AMC – Conclusion
To summarize it all, UTI Mutual Funds is undoubtedly one of the biggest fund houses in India which has so many branches, financial advisors, schemes, and most importantly the best fund managers.
This fund house is one of the most sought after fund house because of delivering huge returns that you saw in the table above.
While investing make sure to calculate the cost of investment as well and then choose the fund and invest.
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