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
₹3,15,582 Cr
AUM growth
₹16,022 Cr
Fund managers
21
Sharwan Kumar Goyal
₹1,52,056 Cr
AUM
20
Schemes
Ayush Jain
₹1,43,040 Cr
AUM
18
Schemes
₹26,304 Cr
AUM
8
Schemes
₹1,803 Cr
AUM
4
Schemes
Ritesh Nambiar
₹2,540 Cr
AUM
8
Schemes
₹10,490 Cr
AUM
17
Schemes
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