UTI Mutual Fund started their mutual fund on 01/02/2003 and its managing total assets of ₹1,50,669 Cr. Its ranked at 6 as per total assets at end of 30th Sep 2017.

<p>UTI Mutual Fund was carved out of the erstwhile Unit Trust of India as a SEBI registered mutual fund
from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation
of UTI into – Specified Undertaking of Unit Trust of India; and UTI Mutual Fund. UTI AMC, India’s
most trusted Wealth creators and always has the interest of its investors in its heart. The AMC has
completed 50 years as India’s leading Financial service institution and was a sole vehicle of capital
market investment for Indian Citizens till the early 90’s. The institution has shown great resilience
and has grown from strength to strength overcoming economic turbulence and global turnarounds.
This AMC has contributed immensely to industrial and capital growth in the Indian market. It has led
transformative initiatives like developmental financial institutions, rural outreach programs and
financial products and services.</p>

UTI Mutual Fund

Invests in stocks as per Contrarian investment strategy

Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.

The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.