UTI Mutual Funds
About This AMC
UTI Mutual Fund was carved out of UTI (Unit Trust of India) in 2003. It is backed by five large institutions: State Bank of India, Bank of Baroda, Punjab National Bank, LIC, and T Rowe Price Group Inc.
UTI Mutual Fund offers one of the most popular and longest-running mutual fund schemes: UTI Mastershare Fund. It was launched by UTI in 1986.
Over the years, UTI Mutual Fund has garnered substantial Asset Under Management (AUM) of around ₹2.39 lakh crores as of March 31, 2023, having a market share of 6.06% in the industry.
Vetri Subramaniam, the former CIO of Invesco Asset Management Ltd., is the CIO of UTI Mutual Fund since 2021.
UTI Mutual Fund is home to UTI NIFTY 50 Index Fund, the largest index fund (Rs, 12,000+ crore) in India.
As of February 2024
Schemes
82
AUM
₹3,20,185 Cr
AUM growth
-₹2,149 Cr
Fund managers
23
