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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 1.59 Lakh 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.

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 Nifty Next 50 Index FundOtherVery High0.8%5₹1,721
UTI Flexi Cap FundEquityVery High-1.7%4₹24,649
UTI Value Opportunities FundEquityVery High4.5%4₹6,462
UTI Mastershare FundEquityVery High5.1%4₹9,669
UTI Equity Savings FundHybridModerate5.8%4₹251
UTI Mid Cap FundEquityVery High6.1%3₹6,723
UTI Long Term Equity FundEquityVery High3.6%3₹2,844
UTI India Consumer FundEquityVery High8.1%3₹394
UTI Hybrid Equity FundHybridVery High7.3%3₹4,244
UTI Nifty Index FundOtherVery High6.5%3₹6,852
UTI Dynamic Bond FundDebtModerately High19.0%3₹366
UTI Corporate Bond FundDebtLow to Moderate2.9%3₹3,256
UTI Regular Savings FundHybridModerately High7.6%3₹1,601
UTI Gilt FundDebtLow to Moderate1.5%3₹543
UTI Money Market FundDebtLow to Moderate3.7%3₹10,561
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 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₹1,721Cr
1Y Returns0.8%

UTI Flexi Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.52% & 13.77%. 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₹24,649Cr
1Y Returns-1.7%

UTI Value Opportunities Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.46% & 12.09%. 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₹6,462Cr
1Y Returns4.5%

UTI Mastershare Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.27% & 11.88%. 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₹9,669Cr
1Y Returns5.1%

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₹251Cr
1Y Returns5.8%

UTI Mid Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.86% & 12.08%. 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₹6,723Cr
1Y Returns6.1%

UTI Long Term Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.04% & 11.08%. 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₹2,844Cr
1Y Returns3.6%

UTI India Consumer Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.55% & 9.53%. The UTI India Consumer Fund comes under the Equity category of UTI Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹394Cr
1Y Returns8.1%

UTI Hybrid Equity Fund Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.06% & 9.36%. 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₹4,244Cr
1Y Returns7.3%

UTI Nifty Index Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.57% & 12.12%. The UTI Nifty Index Fund comes under the Other category of UTI Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹6,852Cr
1Y Returns6.5%

UTI Dynamic Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.12% & 5.93%. The UTI Dynamic Bond Fund comes under the Debt category of UTI Mutual Funds.

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

Min Investment Amt₹10,000
AUM₹366Cr
1Y Returns19.0%

UTI Corporate Bond Fund Direct Growth

Fund Performance: The UTI Corporate Bond Fund comes under the Debt category of UTI Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹3,256Cr
1Y Returns2.9%

UTI Regular Savings Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.32% & 7.26%. 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₹1,601Cr
1Y Returns7.6%

UTI Gilt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.96% & 6.35%. The UTI Gilt Fund comes under the Debt category of UTI Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹543Cr
1Y Returns1.5%

UTI Money Market Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.33% & 6.28%. 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₹10,561Cr
1Y Returns3.7%

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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