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UTI Mutual Fund

In 2003, the Unit Trust of India was bifurcated into two components- the SUUTI and the UTI Mutual Funds or UTIMF. The UTI Mutual Fund was registered with the SEBI on the First of February 2003.

4 of the largest PSU banks now back this Mutual Fund.

All UTI Mutual Funds are managed by the UTI Asset Management Company Ltd. The 4 big partners- State Bank of India, the PNB or Punjab National Bank, Bank of Baroda, and the Life Insurance Corporation of India each holds 18.24% of the shares in the UTIMF.

A significant share of 26% is held by the T Rowe Price Group Inc, also known as the TRP Grou, and controlled by its subsidiary - T Rowe Price Global Investment Services Ltd.

The UTI Mutual Fund is precedes most renowned Mutual Funds in India. Its investors number nearly 11 million and there are over 250 plans currently operational with a total AuM of nearly Rs 223841.53 Crore.

What makes these offers attractive is their distribution. There is no other provider of Mutual Funds in India with a larger outreach of services. Even the best UTI Mutual Funds reach out to most of rural and semi-urban regions of India.

There are over 50,000 AMFI and NSFM certified Independent Advisors on Finance who are spread all over the country who work on behalf of UTI Mutual Funds. There are over 200 full-time Financial Service Centres too. UTI Mutual Fund is the eighth largest mutual fund house by asset size in India.

One of the most popular and long-running Mutual Fund schemes is the UTI Mastershare, which was launched by the then-extant UTI in 1986.

The UTI Mutual Fund persists as a pioneer in the industry in the domestic sector. It was the first to offer a Unit Linked Insurance Plan or ULIP in 1971 with added life and accident cover. It also reached another milestone in 1986 with what was India’s first Offshore fund, called simply the ‘India Fund.’

One of the feats achieved by the UTI Asset Management company was to create the UTI Wealth Builder Fund which links two separate but closely related asset classes- Gold and Equity. Thanks to the huge number of subscribers, the UTI Mutual Fund is still going strong in the Indian market.

The fund managers at UTI Asset Management, which manages the Mutual Funds, have divested widely and are involved in a wide array of businesses including retirement solutions, portfolio management solutions, International Banking and alternative assets management.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
UTI Short-term Income FundDebtModerate8.2%5₹2,315
UTI Treasury Advantage FundDebtLow to Moderate8.9%5₹2,697
UTI Bond FundDebtModerate16.9%5₹295
UTI Flexi Cap FundEquityVery High-0.2%4₹25,448
UTI Value Opportunities FundEquityVery High6.6%4₹6,671
UTI Mastershare FundEquityVery High7.0%4₹10,136
UTI Equity Savings FundHybridModerate7.3%4₹254
UTI Ultra Short Term FundDebtModerate6.8%4₹2,059
UTI Money Market FundDebtModerate4.0%4₹7,213
UTI Mid Cap FundEquityVery High9.8%3₹6,891
UTI Long Term Equity FundEquityVery High5.2%3₹2,873
UTI Nifty Next 50 Index FundOtherVery High8.0%3₹1,864
UTI Nifty 50 Index FundOtherVery High9.3%3₹7,941
UTI Hybrid Equity FundHybridVery High8.4%3₹4,337
UTI Regular Savings FundHybridModerately High8.0%3₹1,588
View All

Key information

Mutual fund nameUTI Mutual Fund
FoundedFebruary 1, 2003
AMC Incorporation Date05 September 1994
Sponsor nameState Bank of India / Punjab National Bank / Bank of Baroda / Life Insurance Corporation
Trustee organisationUTI Trustee Co (P) Ltd
MD and CEOMr. Imtaiyazur Rahman
Compliance OfficerMr. Vivek Maheshwari
Investor Service OfficerMs Nanda Malai

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How can you invest in ?

Investing in any UTI Mutual Fund is easy when you have your own Groww account. You can easily look up the various active Funds offered. Registering for a Groww account is free and does not take too much time or documentation.

These are the steps you need to remember.

Step 1: Login to your personal Groww account to access UTI Mutual Funds online.

Step 2: Upload all necessary identifying documents which are the usual KYC norms for any financial establishment. Identity proof documents may include your passport, ID issued by the Central or State Governments, Aadhaar, PAN, a valid Voter’s ID, a valid Driver’s license issued by any of the states or Union Territories, among others.

Step 3: Upload any document which mentions your permanent address as a form of address proof.

Step 4: Determine the total length of your intended investment.

Step 5: Determine the level of acceptable risk- high, low or medium.

Step 6: Select the appropriate UTI Mutual Fund according to your specifications.

Step 7: If you wish to invest a one-time lump sum amount, click on “Invest One Time.” Else, if you plan to start an SIP or a Systematic Investment Plan, click on “Start SIP”.

Step 8: The entire process takes about 1-2 working days, at the end of which the UTI Mutual Fund India you have purchased will reflect on your Groww account.

Top Fund Managers

1. Mr. Ajay Tyagi

Mr. Tyagi is one of the country’s most redoubtable fund managers who serves as the Executive Vice President and Fund Manager of Equity at UTI Mutual Fund. He is a lifetime member of The CFA Institute and is a Chartered Financial Accountant himself. He also has a Master’s degree in Finance from Delhi University.

He joined the UTI family in 2000.

Mr. Tyagi has an excellent record in equity research and funds management. Before assuming his present responsibilities, Mr. Tyagi donned the mantle of the Assistant Fund Manager of the Offshore Funds Division.

He also serves as a permanent advisor on a number of India-specific funds which are parked overseas.

2. Mr. Kausik Basu

Mr. Basu serves as the Fund Manager of Equity and also as an Executive Vice President or EVP of UTI Asset Management Company. He completed his graduation and post-graduation from the University of Calcutta and also has a background in law. Mr. Basu is a senior member of the Institute of Cost Accountants of India or ICAI. He brings 32 years of knowledge and achievements to the UTI Mutual Funds.

From 1984 to 1999, Basu worked with the Calcutta Regional Office of UTI in various executive capacities. He has also served at the headquarters of the UTI Group of companies at various senior levels.

Basu has also worked as an Assistant Fund Manager of various UTIMF products including the UTI Opportunity and Wealth Builder Funds. His 20 years of experience in the Domestic Equity market has also managed to earn him a considerable reputation in India and abroad.

3. Mr. Ritesh Nambiar

Mr. Nambiar is currently the Senior Vice President of UTI Mutual Funds and also serves as a Senior Fund Manager for UTI’s Credit Risk Fund. Mr. Nambiar is credited with creating two of the most successful products of the UTIMF portfolio- the Ultra Short Term and Medium Term Mutual Funds.

Mr. Nambiar has several years of experience in working with corporations like TransMarket Group and CRISIL Research where he worked in the fixed income valuation, Global Fixed Income Variation and Index creation.

Mr. Nambiar completed his BMS and MMS in Finance from the University of Mumbai. He is also a CFA Charterholder and has completed a course in Financial Risk Management from the CFA Institute and GARP. From 2008, he has been actively associated with the UTI Asset Management Company.

Mr. Nambiar is also a very senior researcher of the Indian BFSI segment and acts as an advisor to the Fund Management body.

4. Mr. Sharwan Kumar Goyal

Sharwan Kumar Goyal is currently the Vice President and the Chief Fund Manager of Equity. He is a qualified CFA and a full-time member of the CFA Institute. Mr. Goyal is a Post-Graduate in Management from the Welingkar Institute of Management Development & Research.

He started working with UTI in 2006. With over 11 years of experience in Risk Management, Equity Management and Portfolio Analysis, Mr. Goyal currently also heads the Overseas Investments division as the Chief Fund Manager.

Mr. Goyal is also a leading authority on AMC Management and Fund Distribution.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

UTI Short term Income Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.35% & 5.15%. The UTI Short-term Income Fund comes under the Debt category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Short-term Income Fund is ₹10,000 and for SIP, it is ₹500.

Min Investment Amt₹10,000
AUM₹2,315Cr
1Y Returns8.2%

UTI Treasury Advantage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.21% & 4.81%. The UTI Treasury Advantage Fund comes under the Debt category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Treasury Advantage Fund is ₹10,000 and for SIP, it is ₹500.

Min Investment Amt₹10,000
AUM₹2,697Cr
1Y Returns8.9%

UTI Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.17% & 3.45%. The UTI Bond Fund comes under the Debt category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Bond Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹295Cr
1Y Returns16.9%

UTI Flexi Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.06% & 15.98%. The UTI Flexi Cap Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Flexi Cap Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹25,448Cr
1Y Returns-0.2%

UTI Value Opportunities Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.12% & 14.27%. The UTI Value Opportunities Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Value Opportunities Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹6,671Cr
1Y Returns6.6%

UTI Mastershare Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.92% & 13.89%. The UTI Mastershare Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Mastershare Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹10,136Cr
1Y Returns7.0%

UTI Equity Savings Fund Direct Growth

Fund Performance: The UTI Equity Savings Fund comes under the Hybrid category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Equity Savings Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹254Cr
1Y Returns7.3%

UTI Ultra Short Term Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.96% & 5.77%. The UTI Ultra Short Term Fund comes under the Debt category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Ultra Short Term Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹2,059Cr
1Y Returns6.8%

UTI Money Market Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.04% & 6.22%. The UTI Money Market Fund comes under the Debt category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Money Market Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹7,213Cr
1Y Returns4.0%

UTI Mid Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 28.49% & 15.27%. The UTI Mid Cap Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Mid Cap Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹6,891Cr
1Y Returns9.8%

UTI Long Term Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.54% & 13.71%. The UTI Long Term Equity Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Long Term Equity Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹2,873Cr
1Y Returns5.2%

UTI Nifty Next 50 Index Fund Direct Growth

Fund Performance: The UTI Nifty Next 50 Index Fund comes under the Other category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Nifty Next 50 Index Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹1,864Cr
1Y Returns8.0%

UTI Nifty 50 Index Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.78% & 13.84%. The UTI Nifty 50 Index Fund comes under the Other category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Nifty 50 Index Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹7,941Cr
1Y Returns9.3%

UTI Hybrid Equity Fund Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.42% & 10.85%. The UTI Hybrid Equity Fund comes under the Hybrid category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Hybrid Equity Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹4,337Cr
1Y Returns8.4%

UTI Regular Savings Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.51% & 7.42%. The UTI Regular Savings Fund comes under the Hybrid category of UTI Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for UTI Regular Savings Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹1,588Cr
1Y Returns8.0%

FAQs on UTI Mutual Fund

How to Start UTI Mutual Fund SIP Online?

One can start investing in UTI Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in UTI Mutual Funds.

How to Calculate UTI Mutual Fund SIP?

To calculate UTI Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your UTI Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem UTI Mutual Fund?

To redeem UTI Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their UTI Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An UTI Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an UTI Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the UTI Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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