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UTI MUTUAL FUND INTRODUCTION Unit Trust of India (UTI) is a statutory public sector investment institution which was set up in February 1964 under the Unit Trust of India Act, 1963.UTI began operations in July 1964. It provides opportunity for small-savers to invest in areas where their risk is diversified.

OBJECTIVES The primary objectives of the UTI are, To encourage and pool the savings of the middle and low income groups. To enable them to share the benefits and prosperity of the industrial development in the country. FUNCTIONS OF UTI The UTI functions are, To accept discount, purchase or sell bills of exchange, promissory note, bill of lading, warehouse receipt, documents of title to goods etc., To grant loans and advances. To provide merchant banking and investment advisory service. To provide leasing and hire purchase business. To extend portfolio management service to persons residing outside India. To buy or sell or deal in foreign exchange dealings. To formulate unit scheme or insurance plan in association with or as agent of GIC. To invest in any security floated by the Central Government, RBI or foreign bank.



To be the most Preferred Mutual Fund.

Our mission is to make UTI Mutual Fund:

The most trusted brand, admired by all stakeholders The largest and most efficient money manager with global presence The best in class customer service provider The most preferred employer The most innovative and best wealth creator
A socially responsible organisation known for best corporate governance

SWOT Analysis of UTI Mutual Fund

Strengths of UTI-MF Well-positioned to capitalize on favorable macro-economic conditions and

industry dynamics.

Large focused asset manager with diverse fund offerings, experienced fund
managers and record of steady AUM growth.

A scheme for every class of citizenry Broad and stable client base and multiple distribution channels. Strong brand recognition Profitable structure benefiting from large size, automated and integrated
systems, and high proportion of equity and balanced/hybrid funds.

First in the industry in terms of Equity and Balanced Schemes AUM

Experienced professional management and well established state-sponsors with access to PSU business opportunities.
Weakness: Poor service conditions Less penetration in rural areas AUM wise 4th in number

Stability through increased brand awareness, market penetration and Service offerings

High untapped market in the semi urban and rural areas Increased saving habit among people provides a great opportunity for funds

Other emerging opportunities in the financial markets

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Vision To be the most Preferred Mutual Fund. Our mission is to make UTI Mutual Fund:

The most trusted brand, admired by all stakeholders The largest and most efficient money manager with global presence The best in class customer service provider The most preferred employer The most innovative and best wealth creator A socially responsible organisation known for best corporate governance

Genesis Jan 14, 2003 is when UTI Mutual Fund started to pave its path following the vision of UTI Asset Management Company Limited, who has been appointed by the UTI Trustee Company Limited for managing the schemes of UTI Mutual Fund and the schemes transferred/migrated from the erstwhile Unit Trust of India. The UTI Asset Management Company provides professionally managed back office support for all business services of UTI Mutual Fund (excluding fund management) in accordance with the provisions of the Investment Management Agreement, the Trust Deed, the SEBI (Mutual Funds) Regulations and the objectives of the schemes. State-of-the-art systems and communications are in place to ensure a seamless flow across the various activities undertaken by UTIMF. UTI AMC is a registered portfolio manager under the SEBI (Portfolio Managers) Regulations, 1993 on 3rd February 2004, for undertaking portfolio management services and also acts as the manager and marketer to offshore funds through its 100 % subsidiary, UTI International Limited, registered in Guernsey, Channel Islands. Assets Under Management UTI Asset Management Company presently manages a corpus of over Rs. 56,854 Crores as on 31st Dec 2007 (source: . UTI Mutual Fund has a track record of managing a variety of schemes catering to the needs of every class of citizenry. It has a nationwide network consisting 79 UTI Financial Centres (UFCs) and UTI International offices in London, Dubai and Bahrain. With a view to reach to common investors at district level, 3 satellite offices have also been opened in select towns and districts. We have a well-qualified, professional fund management team, who have been highly empowered to manage funds with greater efficiency and accountability in the sole interest of unit holders. The fund managers are also ably supported with a strong in-house securities research department. To ensure better management of funds, a risk management department is also in operation. Reliability UTIMF has consistently reset and upgraded transparency standards. All the branches, UFCs and registrar offices are connected on a robust IT network to ensure cost-effective quick and efficient service. All these have evolved UTI Mutual Fund to position as a dynamic, responsive, restructured, efficient and transparent SEBI compliant entity.

Increased competition among local AMCs Threat of increased entry of Foreign players in the industry

High level of volatility of the stock market Rising inflation could reduce savings of people and thus investments


Equity schemes
UTI Banking Sector Fund UTI CCP Advantage UTI Energy Fund UTI Contra Fund UTI DYF UTI Equity Fund UTI Infrastructure Fund UTI Master Index Fund UTI Master share Unit Scheme UTI Mid-cap Fund UTI Nifty Index Fund UTI Pharma & Healthcare Fund

UTI Equity Tax Savings Plan

UTI Leadership Equity Fund UTI Master plus Unit Scheme UTI Master Value Fund UTI MNC Fund UTI Opportunities Fund

UTI Sunder UTI Top 100 Fund Fund

UTI Services Industries Fund UTI Transportation & Logistics

UTI Wealth Builder Fund-SeriesII

Debt schemes

UTI Bond Fund UTI Floting Rate Fund UTI G-Sec Fund UTI Treasury Advantage Fund UTI-MIS-Advantage Plan . UTI-Monthly Income Scheme .UTI-Variable Investment Scheme-ILP

.UTI Fixed Maturity Plan .UTI Gilt Advantage Fund .UTI Liquid Fund .UTI Mahila Unit Scheme .UTI-Money Market Fund

Balanced Schemes

UTI Balanced Fund . UTI-childrens Career Plan (UTI-CCP)

. UTI-Retirement Benefit Pension Fund (UTI-RBP) . UTI-Unit Linked Insurance Plan (UTI-ULIP)

Liquid Schemes
UTI Money Market Funds UTI Liquid Cash Plan UTI Liquid Advantage Fund Most Opted Schemes by Investors Dividend Yield Fund UTI Mastershare Unit Scheme Unit Linked Insurance Plan (ULIP)

Parties Involved in mutual funds Investors: People who invest money in the mutual fund Trustees: Trustees are the people within a Mutual Fund organization, who are responsible for ensuring that investors interests are taken care of. Asset Management Company (AMC): AMC manages the investment portfolios of schemes Distributors: A person or a party responsible for bringing investors into the schemes of a MF Registrars: The Registrar keeps a track of the investors investments and dis-investment Custodian / Depository: An entity, usually a bank or Trust company, which holds and safeguards securities owned by a Mutual Fund

Fund Manager Fund manager is the person who establishes and manages the mutual funds, markets them and manages their general administration

Auditor Auditors are the independent accountants retained by the Mutual Fund Manager to audit each year, and report on the financial statements of the fund.

Equity Date Gross Purch. (Rs. Cr.)

14483.10 105661.60 119298.10 131284.80 160040.60 182393.30 180792.70 183818.21 136011.99 79525.00 42327.66 28579.80 15202.80 3596.16

Debt Net Invest. (Rs. Cr.) Gross Purch. (Rs. Cr.)

196063.60 1477624.40 1402911.40 942341.50 744471.60 530418.70 316703.10 240399.66 136702.67 111956.52 54686.26 58334.22 45575.00 8991.97

Gross Sales (Rs. Cr.)

Gross Sales (Rs. Cr.)

Net Invest. (Rs. Cr.)

2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

17369.00 126853.60 139922.40 124631.80 187916.30 187706.30 166800.30 177623.15 120787.25 66257.87 43294.15 27950.51 18093.45 4333.21

-2885.90 -21192.00 -20624.30 6653.00 -27875.70 -5313.00 13992.40 6195.06 15224.74 13267.13 -966.49 629.29 -2890.65 -737.05

126672.10 1026944.50 946358.10 649853.50 549753.30 331302.90 268189.40 177788.04 89047.20 71023.96 43523.06 38536.48 31383.87 6124.11

69391.50 450679.90 456553.30 292488.00 194718.30 199115.80 48513.70 62611.62 47655.47 40932.56 11163.20 19797.74 14191.13 2867.86


1383015.82 1409539.29

-26523.47 6267180.60 4356500.52 1910680.08

90000 80218 80000 70000 60000 50000 40000 30000 20000 10000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 29519 20740 35488 48983 48754 67189 58922 69450

90000 80218 80000 70000 60000 50000 40000 30000 20000 10000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 29519 20740 35488 48983 48754 67189 58922 69450

The Organization of a Mutual Fund is how the mutual funds are controlled. A number of entities are involved in the Organization of a Mutual Fund. This helps in the proper management of the mutual fund portfolio.

The Organization of a Mutual Fund contains entities such as

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The Advantages of Mutual Funds encourage investors to invest in the same. The Mutual funds are very popular among investors as it is professionally managed and it offers a wide variety of advantages. ADVANTAGES OF MUTUAL FUNDS

The Mutual Funds are one of the best financial instruments offered to the public by the finance corporations. The Mutual Funds are collective investments, and use that money as investment in various stocks, bonds, and other securities to earn interest and disburse dividends.Advantages of Mutual Funds are the primary reason for the popularity of the mutual funds. The Mutual Funds offers easy access to invest in the complex financial market. Major advantages of Mutual Funds are professional management, diversification and liquidity.


Flexibility: The investments pertaining to the Mutual Fund offers the public a lot of flexibility by means of dividend reinvestment, systematic investment plans and systematic withdrawal plans. Affordability: The Mutual funds are available in units. Hence they are highly affordable and due to the very large principal sum, even the small investors are benefited by the investment scheme. Liquidity: In case of Open Ended Mutual Fund schemes, the investors have the option of redeeming or withdrawing money at any point of time at the current rate of net value asset. Diversification: The risk pertaining to the Mutual Funds is quite low as the total investment is distributed in several industries and different stocks. Professional Management: The Mutual Funds are professionally managed. The experienced Fund Managers pertaining to the Mutual Funds examine all options based on research and experience. Potential of return: The Fund Managers of the Mutual Funds gather data from leading economists and financial analysts. So they are in a better position to analyze the scopes of lucrative return from the investments. Low Costs: The fees pertaining to the custodial, brokerage, and others is very low. Regulated for investor protection: The Mutual Funds sector is regulated by the Securities Exchange Board of India (SEBI) to safeguard the rights of the investor.



The Drawbacks of Mutual Funds are the major obstacles for the growth of the same. Management risks, trading limitations and absence of taxes are some of the major drawbacks of mutual funds. THE DRAW BACKS OF MUT UAL FUNDS

Fees and commissions: The Mutual funds charge administrative fees to meet the daily expenses. Many funds charge brokerage or 'loads' to pay financial planners or financial consultants, brokers. In case a shareholder does not use the services of financial adviser, he still has to pay a sales commission. No Guarantees: All investments bear risk factors. The Mutual Funds are no different. It depends on the stock market. A fall in the stock market would trigger a fall in the value of the mutual fund shares. Although the risk factor pertaining to Mutual funds are much lower compared to Mutual Funds.

Inefficiency of Cash Reserves: The Mutual Funds maintain big cash reserves, for situations such as a number of large withdrawals. The investors are provided with liquidity, and a major portion of the financial resources is maintained as cash, and it is not invested in some assets. Management risk: The investment pertaining to the Mutual Funds depends on the fund manager and his selection of the mutual fund portfolio, which is based on speculation. If things do not go as expected, the investments may not earn enough money. Taxes: The proceeds from the sale of mutual funds are taxable, even if the same is reinvested in mutual funds. No Insurance: The Mutual funds are regulated by the central government. However mutual funds are still not insured against losses. Trading Limitations: The Mutual Funds usually have high liquidity, but most of the mutual funds, such as open-ended funds, are bought or sold at the end of the day. Loss of Control: In case, if the mutual funds are managed by the investor himself, the portfolio management may go bad and have an adverse effect on the earnings from the investment.

20 Mar 2013UTI Equity Fund has won the Morningstar India Fund Awards 2013 as Best Large Cap Equity Fund 11 Feb 2013UTI Short Term Income Fund winner of Business World's survey of the Best Performing Mutual Funds in the Debt: Short Term category 28 Feb 2012UTI Mutual Fund Wins 8 ICRA Mutual Fund Awards 2012 - Awarded Star Fund House Of The Year DEBT 07 Feb 2012UTI Mutual Fund has been declared as a winner for Customer & Brand Loyalty in the Mutual Fund Sector