Uti Mutual Funds

8/2/2019 Uti Mutual Funds

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PREFACE

The preparation of this report provides a great pleasure in releasing our work and marketexperience in few pages which shows overall result and experienced knowledge and the

practical approach about the style of a professional and think which we found various

effecting to our marketing and product image.

The research termed as A STUDY OF CONSUMER PREFERENCE TOWRDSMUTUAL FUNDS WITH SPECIAL REFERENCE TO MUTUAL FUND Has

made an effort to findout the issues concerning with the branded goggles.


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INTRODUCTION TO MUTUAL FUND AND ITS

VARIOUS ASPECTS

Mutual fund is a trust that pools the savings of a number of

investors who share a common financial goal. This pool of

money is invested in accordance with a stated objective. The

joint ownership of the fund is thus Mutual, i.e. the fund

belongs to all investors. The money thus collected is theninvested in capital market instruments such as shares,

debentures and other securities. The income earned through

these investments and the capital appreciations realized are

shared by its unit holders in proportion the number of units

owned by them. Thus a Mutual Fund is the most suitable

investment for the common man as it offers an opportunity to

invest in a diversified, professionally managed basket of

securities at a relatively low cost. A Mutual Fund is an

investment tool that allows small investors access to a well-

diversified portfolio of equities, bonds and other securities.


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Each shareholder participates in the gain or loss of the fund.

Units are issued and can be redeemed as needed. The funds Net

Asset value (NAV) is determined each day.

Investments in securities are spread across a wide cross-section

of industries and sectors and thus the risk is reduced.

Diversification reduces the risk because all stocks may not

move in the same direction in the same proportion at the same

time.


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When an investor subscribes for the units of a mutual fund, he

becomes part owner of the assets of the fund in the same

proportion as his contribution amount put up with the corpus

(the total amount of the fund). Mutual Fund investor is also

known as a mutual fund shareholder or a unit holder.

Any change in the value of the investments made into capital

market instruments (such as shares, debentures etc) is reflected

in the Net Asset Value (NAV) of the scheme. NAV is defined

as the market value of the Mutual Fund scheme's assets net of

its liabilities. NAV of a scheme is calculated by dividing the

market value of scheme's assets by the total number of units

issued to the investors.

ADVANTAGES OF MUTUAL FUND

Portfolio Diversification

Professional management Reduction / Diversification of Risk Liquidity Flexibility & Convenience Reduction in Transaction cost Safety of regulated environment Choice of schemes Transparency

DISADVANTAGE OF MUTUAL FUND
http://www.appuonline.com/mf/knowledge/concept.htmlhttp://www.appuonline.com/mf/knowledge/concept.html


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No control over Cost in the Hands of an Investor No tailor-made Portfolios Managing a Portfolio Funds Difficulty in selecting a Suitable Fund Scheme

HISTORY OF THE INDIAN MUTUAL FUND

INDUSTRY

The mutual fund industry in India started in 1963 with the

formation of Unit Trust of India, at the initiative of the

Government of India and Reserve Bank. Though the growth

was slow, but it accelerated from the year 1987 when non-UTI

players entered the Industry.

In the past decade, Indian mutual fund industry had seen a

dramatic improvement, both qualities wise as well as quantity


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wise. Before, the monopoly of the market had seen an ending

phase; the Assets Under Management (AUM) was Rs67 billion.

The private sector entry to the fund family raised the Aum to

Rs. 470 billion in March 1993 and till April 2011; it reached the

height if Rs. 1540 billion.

The Mutual Fund Industry is obviously growing at a

tremendous space with the mutual fund industry can be broadly

put into four phases according to the development of the sector.

Each phase is briefly described as under.

First Phase1964-87

Unit Trust of India (UTI) was established on 1963 by an Act of

Parliament by the Reserve Bank of India and functioned under

the Regulatory and administrative control of the Reserve Bank

of India. In 1978 UTI was de-linked from the RBI and the

Industrial Development Bank of India (IDBI) took over the

regulatory and administrative control in place of RBI. The first

scheme launched by UTI was Unit Scheme 1964. At the end of

1988 UTI had Rs.6,700 crores of assets under management.

Second Phase 1987-1993 (Entry of Public Sector

Funds)

1987 marked the entry of non- UTI, public sector mutual funds

set up by public sector banks and Life Insurance Corporation of

India (LIC) and General Insurance Corporation of India (GIC).


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UTI Mutual Fund was the first non- UTI Mutual Fund

established in June 1987 followed by Can bank Mutual Fund

(Dec 87), Punjab National Bank Mutual Fund (Aug 89), Indian

Bank Mutual Fund (Nov 89), Bank of India (Jun 90), Bank of

Baroda Mutual Fund (Oct 92). LIC established its mutual fund

in June 1989 while GIC had set up its mutual fund in December

1990.At the end of 1993, the mutual fund industry had assets

under management of Rs.47,011 crores.

Third Phase 1993-2003 (Entry of Private Sector

Funds)

1993 was the year in which the first Mutual Fund Regulations

came into being, under which all mutual funds, except UTI

were to be registered and governed. The erstwhile Kothari

Pioneer (now merged with Franklin Templeton) was the first

private sector mutual fund registered in July 1993.

The 1993 SEBI (Mutual Fund) Regulations were substituted by

a more comprehensive and revised Mutual Fund Regulations in

1996. The industry now functions under the SEBI (Mutual

Fund) Regulations 1996. As at the end of January 2003, there

were 33 mutual funds with total assets of Rs. 1,21,811 crores.

Fourth Phasesince February 2003

In February 2003, following the repeal of the Unit Trust of

India Act 1963 UTI was bifurcated into two separate entities.


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One is the Specified Undertaking of the Unit Trust of India with

assets under management of Rs.29,835 crores as at the end of

January 2003, representing broadly, the assets of US 64 scheme,

assured return and certain other schemes

The second is the UTI Mutual Fund Ltd, sponsored by UTI,

PNB, BOB and LIC. It is registered with SEBI and functions

under the Mutual Fund Regulations. consolidation and growth.

As at the end of September, 2011, there were 29 funds, which

manage assets of Rs.153108 crores under 421 schemes.


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CATEGORIES OF MUTUAL FUND:


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Mutual funds can be classified as follow:


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Based on their structure: Open-ended funds: Investors can buy and sell the units from the

fund, at any point of time.Close-ended funds: These funds raise money from investors only

once. Therefore, after the offer period, fresh investments can not

be made into the fund. If the fund is listed on a stocks exchange

the units can be traded like stocks (E.g., Morgan Stanley Growth

Fund). Recently, most of the New Fund Offers of close-ended

funds provided liquidity window on a periodic basis such as

monthly or weekly. Redemption of units can be made during

specified intervals. Therefore, such funds have relatively low

liquidity.

Based on their investment objective:Equity funds: These funds invest in equities and equity

related instruments. With fluctuating share prices, such funds

show volatile performance, even losses. However, short term

fluctuations in the market, generally smoothens out in the long

term, thereby offering higher returns at relatively lower

volatility. At the same time, such funds can yield great capital

appreciation as, historically, equities have outperformed all

asset classes in the long term. Hence, investment in equity fundsshould be considered for a period of at least 3-5 years. It can be

further classified as:


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i) Index funds- In this case a key stock market index, like

BSE Sensex or Nifty is tracked. Their portfolio mirrors the

benchmark index both in terms of composition and individual

stock weightages.

ii) Equity diversified funds- 100% of the capital is invested

in equities spreading across different sectors and stocks.

iii|) Dividend yield funds- it is similar to the equity

diversified funds except that they invest in companies offering

high dividend yields.

iv) Thematic funds- Invest 100% of the assets in sectors

which are related through some theme.

e.g. -An infrastructure fund invests in power, construction,

cements sectors etc.

v) Sector funds- Invest 100% of the capital in a specific

sector. e.g. - A banking sector fund will invest in banking

stocks.

vi) ELSS- Equity Linked Saving Scheme provides tax benefit

to the investors.

Balanced fund: Their investment portfolio includes both

debt and equity. As a result, on the risk-return ladder, they fall

between equity and debt funds. Balanced funds are the ideal


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mutual funds vehicle for investors who prefer spreading their

risk across various instruments. Following are balanced funds

classes:

i) Debt-oriented funds -Investment below 65% in equities.

ii) Equity-oriented funds -Invest at least 65% in equities,

remaining in debt.

Debt fund: They invest only in debt instruments, and are a

good option for investors averse to idea of taking risk associated

with equities. Therefore, they invest exclusively in fixed-

income instruments like bonds, debentures, Government of

India securities; and money market instruments such as

certificates of deposit (CD), commercial paper (CP) and call

money. Put your money into any of these debt funds depending

on your investment horizon and needs.

i) Liquid funds- These funds invest 100% in money market

instruments, a large portion being invested in call money

market.

ii) Gilt funds ST- They invest 100% of their portfolio in

government securities of and T-bills.


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iii) Floating rate funds - Invest in short-term debt papers.

Floaters invest in debt instruments which have variable coupon

rate.

iv) Arbitrage fund- They generate income through arbitrage

opportunities due to mis-pricing between cash market and

derivatives market. Funds are allocated to equities, derivatives

and money markets. Higher proportion (around 75%) is put in

money markets, in the absence of arbitrage opportunities.

v) Gilt funds LT- They invest 100% of their portfolio in

long-term government securities.

vi) Income funds LT- Typically, such funds invest a major

portion of the portfolio in long-term debt papers.

vii) MIPs- Monthly Income Plans have an exposure of 70%-

90% to debt and an exposure of 10%-30% to equities.

viii) FMPs- fixed monthly plans invest in debt papers whose

maturity is in line with that of the fund.


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INVESTMENT STRATEGIES

1. Systematic Investment Plan:under this a fixed sum is

invested each month on a fixed date of a month. Payment is

made through post dated cheques or direct debit facilities. The

investor gets fewer units when the NAV is high and more units

when the NAV is low. This is called as the benefit of Rupee

Cost Averaging (RCA)

2. Systematic Transfer Plan: under this an investor invest

in debt oriented fund and give instructions to transfer a fixed

sum, at a fixed interval, to an equity scheme of the same mutual

fund.

3. Systematic Withdrawal Plan: if someone wishes to

withdraw from a mutual fund then he can withdraw a fixed

amount each month.


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RISK V/S. RETURN:


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Scope of the study

A big boom has been witnessed in Mutual Fund Industry in

resent times. A large number of new players have entered themarket and trying to gain market share in this rapidly improving

market.

The research was carried on in Mathura. I had been sent at one

of the branch of State Bank of India Mathura where I completed

my Project work. I surveyed on my Project Topic A study of

preferences of the Investors for investment in Mutual Fund onthe visiting customers of the Branch.

The study will help to know the preferences of the customers, which

company, portfolio, mode of investment, option for getting return and so on

they prefer. This project report may help the company to make further

planning and strategy.


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OBJECTIVES OF THE STUDY

1. To find out the Preferences of the investors for AssetManagement Company.

2. To know the Preferences for the portfolios.3. To know why one has invested or not invested in UTI

Mutual fund

4. To find out the most preferred channel.To find out what should do to boost Mutual Fund Industry


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INTRODUCTION TO UTI FUND

Funds

Our Funds

FUNDS CATEGORY


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Fund Name Last 1 Yr. 3 Yr.

Since Launch

UTI Balanced Fund (Balanced) 67.62% 10.27% 17.09%

UTI Banking Sector Fund 114.19% 19.47% 22.47%

UTI Bond Fund (Debt) 2.79% 6.89% 8.53%

UTI CCP Advantage Fund 48.38% 22.33%

UTI Children's Career Plan

(Balanced)33.09% 8.51% 11.76%

UTI Contra Fund 75.72% 12.68% 6.48%

UTI CRTS 28.75% 12.66% 10.74%

UTI Dividend Yield Fund 86.39% 20.26% 22.57%

UTI Energy Fund 74.14% -24.12%

UTI Equity Fund 86.18% 14.48% 11.60%

UTI Equity Tax Saving Plan 73.94% 7.44% 18.22%

UTI Floating Rate Fund 5.27% 7.15% 6.38%

UTI GILT Advantage Fund -0.60% 7.86% 8.25%


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UTI G-Sec Fund (Debt) (IP) -1.00% 4.60% 7.67%

UTI G-Sec Fund (Debt) (STP) 1.19% 5.51% 5.16%

UTI India Lifestyle Fund 73.51% -1.45

UTI Infrastructure Advantage Fund

- I58.36% -6.13%

UTI Infrastructure Fund 66.95% 8.99% 24.74%

UTI Leadership Equity Fund 73.93% 6.01 8.36%

UTI Liquid Fund Cash Plan 4.77% 6.81%

UTI Long Term Advantage Fund -

Series I92.09% 5.35%

UTI Long Term Advantage Fund -

Series II75.00% 11.95%

UTI Mahila Unit Scheme 25.29% 12.11% 16.03%

UTI Master Equity Plan Unit

Scheme70.09% 9.29% 28.99%

UTI Master Index Fund (Equity-

Index)83.71% 7.62% 14.91%


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UTI Master Plus (Equity) 71.87% 5.42% 13.76%

UTI Master Value Fund 131.19% 14.78% 22.90%

UTI Mastershare 74.00% 12.64% 16.24%

UTI Mid Cap Fund 129.45% 9.63% 20.35%

UTI MIS Advantage Plan 21.29% 10.67% 10.67%

UTI MNC Fund 80.94% 12.54% 16.66%

UTI Money Market Fund (Liquid) 4.69% 7.11% 7.59%

UTI Monthly Income Scheme 16.78% 10.30% 8.51%

UTI Nifty Index Fund (Equity

Index)

75.85% 8.56% 11.87%

UTI Opportunities Fund 94.21% 19.99% 19.56%

UTI Pharma & Healthcare Fund 81.13% 14.11% 14.09%

UTI Retirement Benefit Pension

Fund

30.76% 10.90% 11.87%

UTI Services Industries Fund 102.20% 4.24% 24.66%


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UTI Short Term Income Fund 9.47% 8.86% 6.93%

UTI Spread Fund 5.66% 8.24% 8.14%

UTI Sunder 77.44% 10.46% 25.65%

UTI Top 100 Fund 17.41%

UTI Transportation & Logistics

Fund126.83% 25.94%

UTI Treasury Advantage Fund 4.67% 7.40% 8.27%

UTI ULIP 36.62% 13.18% 10.97%

UTI Variable Investment Scheme 38.81% -1.15% 8.79%

UTI Wealth Builder 92.58% 13.35% 11.69%

UTI Wealth Builder Fund Ser - II 61.02% 47.61%

Compare Funds

Compare Funds is a tool specifically designed to help our esteemed investors

compare any two schemes under the various mutual funds offered by UTI

Mutual Funds.

Investors can gauge the Type of Scheme, Scheme Objective, Asset

Allocation, Entry and Exit Load, etc. among other categories and


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parameters. This tool helps our investors to compare and analyze funds and

choose the one that best suits their investment requirements.

Dividends

In order to find out the Dividend of any fund issued in the past, fill in the

name of the fund and the dates. Click on submit to get the results.

Portfolio Allocation

Portfolio Allocation

This section informs an investor on the percentage of investments allocatedto each Fund portfolio. Each fund portfolio can include a variety of

investments like domestic and foreign stocks, bonds, government securities,

gold bullion and real estate stocks in a right mix depending on the nature or

the the investment objective of a particular fund.

Navs

Latest NAVs

The following list contains the Net Asset Values of the various mutual

fund schemes offered by UTI Mutual Funds. The displayed schemes

present the inception date of the scheme, the latest NAVs, sale price and

repurchase price.

The following list contains the Net Asset Values of the various mutual

fund schemes offered by UTI Mutual Funds. The displayed schemes

present the inception date of the scheme, the latest NAVs, sale price and


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repurchase price.

LATEST NAVs

Product/Plan Date NAVSale

Price

Repurchase

Price

+ UTI-Liquid Cash Plan

Monthly

Retail10/01/2011 1031.2639 1031.2639 1031.2639

Growth

Institutional10/01/2011 1212.4916 1212.4916 1212.4916


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Weekly

Institutional10/01/2011 1023.5168 1023.5168 1023.5168

IncomeRetail

10/01/2011 1018.3098 1018.3098 1018.3098

Growth

Retail10/01/2011 1206.1148 1206.1148 1206.1148

Income

Institutional10/01/2011 1019.4457 1019.4457 1019.4457

Monthly

Institutional10/01/2011 1026.8835 1026.8835 1026.8835

+

Growth Retail 10/01/2011 12.1116 12.1116 12.1116

Income Retail 10/01/2011 10.2755 10.2755 10.2755

+ UTI-Money Market Fund

GROWTH

RETAIL10/01/2011 20.6892 20.6892 20.6892

INCOME

RETAIL10/01/2011 17.6456 17.6456 17.6456

DAILY

DIVIDEND10/01/2011 17.5238 17.5238 17.5238


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+ UTI-Bond Fund

GROWTH

RETAIL

10/01/2011 21.5785 21.5785 21.5785

INCOME

RETAIL10/01/2011 10.8607 10.8607 10.8607

+ UTI-Children Career Plan (Bond)

INCOME

RETAIL

10/01/2011 11.1172 11.1172 11.1172

GROWTH

RETAIL10/01/2011 11.1173 11.1173 11.1173

+ UTI-Floating Rate Fund STP

Growth

Option10/01/2011 1203.4485 1203.4485 1203.4485

Dividend

Option10/01/2011 1015.8009 1015.8009 1015.8009

+ UTI-Gilt Advantage Fund LTP

Dividend Plan 10/01/2011 10.7282 10.7282 10.7282

Growth Plan 10/01/2011 15.2757 15.2757 15.2757

Provident

Fund Redemption10/01/2011 11.3633 11.3633 11.3633


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Provident

Fund- Dividend Plan10/01/2011 10.6809 10.6809 10.6809

ProvidentFund- Growth Plan

10/01/2011 11.3594 11.3594 11.3594

Provident

Fund Appreciation R10/01/2011 11.3774 11.3774 11.3774

+ UTI-G-SEC STP

INCOME

RETAIL10/01/2011 10.6030 10.6030 10.6030

GROWTH

RETAIL10/01/2011 11.5776 11.5776 11.5776

+ UTI-India Advantage Equity Fund

Dividend Plan 10/01/2011 8.3100 8.3100 8.5000

Growth Plan 10/01/2011 8.3100 8.3100 8.5000

+ UTI-Variable Investment Scheme

Growth

Option10/01/2011 16.0001 16.0001 16.2401


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Income

Option10/01/2011 13.2603 13.2603 13.4592

+ UTI-Master Index Fund

Income

Option10/01/2011 41.9348 41.9348 41.9348

Growth

Option10/01/2011 41.9347 41.9347 41.9347

+ UTI-Transportation and Logistics Fund (formerly as UTI

Auto Sector Fund)

Income

Option10/01/2011 15.6000 15.6000 15.9500

Growth

Option10/01/2011 19.5000 19.5000 19.9400

+ UTI-Banking Sector Fund

Income

Option10/01/2011 16.8100 16.8100 17.1900

Growth

Option10/01/2011 19.9900 19.9900 20.4400

+ UTI-Mahila Unit scheme

10/01/2011 27.4944 27.4944 27.4944


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+ UTI-G-Sec-Investment Plan

INCOME

RETAIL

10/01/2011 10.5009 10.5009 10.5009

GROWTH

RETAIL10/01/2011 19.0824 19.0824 19.0824

+ UTI-Treasury Advantage Fund

Quarterly

Dividend Plan

10/01/2011 11.1154 11.1154 11.1154

Institutional

Plan- Bonus10/01/2011 11.4617 11.4617 11.4617

Annual

Dividend Plan10/01/2011 11.3995 11.3995 11.3995

Bonus Plan 10/01/2011 12.4810 12.4810 12.4810

Growth Plan 10/01/2011 18.7236 18.7236 18.7236

+ UTI-Monthly Income Scheme

INCOME

RETAIL10/01/2011 10.8755 10.8755 10.8755

GROWTH

RETAIL10/01/2011 13.7265 13.7265 13.7265

+ UTI-Mis Advantage Plan


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Monthly

Payment Plan10/01/2011 13.9526 13.9526 13.9526

MonthlyDividend Plan

10/01/2011 11.9821 11.9821 11.9821

Flexi

Dividend Plan10/01/2011 13.9685 13.9685 13.9685

Growth Plan 10/01/2011 13.9685 13.9685 13.9685

+ UTI-Index Select Fund

Income

Option10/01/2011 22.4500 22.4500 22.9600

Growth

Option10/01/2011 33.2700 33.2700 34.0200

+ UTI-Nifty Index Fund

Income

Option10/01/2011 24.5748 24.5748 24.5748

Growth

Option10/01/2011 24.5747 24.5747 24.5747

+ UTI-Sunder

10/01/2011 392.6167 392.6167 392.6167

+ UTI-Infrastructure Fund


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Growth

Option10/01/2011 27.9700 27.9700 28.6000

IncomeOption

10/01/2011 20.4500 20.4500 20.9100

+ UTI-Dynamic Equity Fund

Growth Plan 10/01/2011 35.5800 35.5800 36.3800

Dividend Plan 10/01/2011 19.4400 19.4400 19.8800

+ UTI-Equity Tax Savings Plan

Income

Option10/01/2011 18.6900 18.6900 19.1100

Growth

Option10/01/2011 30.4300 30.4300 31.1100

+ UTI-Growth & Value Fund

Annual

Dividend Plan10/01/2011 22.8400 22.8400 23.3500

Growth 10/01/2011 56.4900 56.4900 57.7600

Semi-Annual

Dividend Plan

10/01/2011 15.9500 15.9500 16.3100

+ UTI-Growth Sector Fund - Brand Value

Income 10/01/2011 20.1400 20.1400 20.5900


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Option

Growth

Option

10/01/2011 26.3300 26.3300 26.9200

+

Income

Option10/01/2011 18.0800 18.0800 18.4900

Growth

Option

10/01/2011 25.8000 25.8000 26.3800

+ UTI-Pharma & Healthcare Fund

Income

Option10/01/2011 19.5800 19.5800 20.0200

Growth

Option10/01/2011 22.2100 22.2100 22.7100

+ UTI-Growth Sector Fund - Services

Income

Option10/01/2011 36.1100 36.1100 36.8600

Growth

Option10/01/2011 48.7900 48.7900 49.8900

+ UTI-Growth Sector Fund - Software

Growth 10/01/2011 27.7600 27.7600 28.3800


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Option

Income

Option

10/01/2011 23.3500 23.3500 23.8800

+ UTI-Large Cap Fund

Income

Option10/01/2011 16.9100 16.9100 17.2900

Growth

Option

10/01/2011 19.4000 19.4000 19.8400

+ UTI-Master Equity Plan Unit Scheme

10/01/2011 39.2000 39.2000 0.0000

+ UTI-Master Plus Unit Scheme

Growth

Option10/01/2011 64.4500 64.4500 65.9000

Income

Option10/01/2011 49.4400 49.4400 50.5500

+ UTI-Master Value Fund

Income

Option

10/01/2011 19.6000 19.6000 20.1100

Growth

Option10/01/2011 30.1100 30.1100 30.7300


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+ UTI-Equity Fund (Formerly UTI-Mastergain Unit Scheme)

Income

Option

10/01/2011 29.5400 29.5400 30.2000

Growth

Option10/01/2011 31.9100 31.9100 32.6300

+ UTI-Top 100 Fund(earlier known as Mastergrowth)

Income

Option

10/01/2011 40.0900 40.0900 40.9900

Growth

Option10/01/2011 43.4800 43.4800 44.4600

+ UTI-Master share Unit Scheme

Income

Option10/01/2011 27.0100 27.0100 27.6200

Growth

Option10/01/2011 33.5300 33.5300 34.2800

+ UTI-Mid Cap Fund

Growth

Option10/01/2011 22.8500 22.8500 23.3600

Income

Option10/01/2011 19.3500 19.3500 19.7900


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+ UTI-MNC Fund

Income

Option

10/01/2011 28.6600 28.6600 29.3000

Growth

Option10/01/2011 34.5000 34.5000 35.2800

+ UTI-Psu Fund

Income

Option

10/01/2011 14.5000 14.5000 14.8300

Growth

Option10/01/2011 15.9800 15.9800 16.3400

+ UTI-Balanced Fund

GROWTH

RETAIL10/01/2011 54.9600 54.9600 56.2000

INCOME

RETAIL10/01/2011 21.7300 21.7300 22.2200

+ UTI-Retirement Benefit Pension Fund

10/01/2011 19.5797 19.5797 19.8734

+ UTI-Unit Link Insurance Plan

10/01/2011 15.6449 15.6449 15.6449

+ UTI-Children Career Plan(Balanced)


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10/01/2011 14.9206 14.9206 15.2190

+ UTI-Charitable, Religious Trust And Registered Society

10/01/2011 108.9283 108.9283 108.9283

+ UTI-Dividend Yield Fund

Income 10/01/2011 12.1800 12.1800 12.4500

Growth 10/01/2011 15.5800 15.5800 15.9300

+ UTI-Opportunities Fund

INCOME

RETAIL10/01/2011 12.0100 12.0100 12.2800

GROWTH

RETAIL10/01/2011 13.6700 13.6700 13.9800

+ UTI-Fixed Term Income Fund Series I-Plan 18 (18 Months

Plan)

Dividend

Option10/01/2011 10.6382 10.5584 0.0000

Growth option 10/01/2011 10.6391 10.5593 0.0000

+ UTI-Leadership Equity Fund

Dividend

option10/01/2011 12.1100 12.1100 12.3200


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Growth

Option10/01/2011 12.1100 12.1100 12.3200

+ UTI-Contra Fund

Dividend

option10/01/2011 9.7100 9.7100 9.9300

Growth

Option10/01/2011 9.7100 9.7100 9.9300

+ UTI-Fixed Term Income Fund Series I - Plan18 - Q4

Dividend

Option10/01/2011 10.6834 10.4697 0.0000

Growth option 10/01/2011 10.6834 10.4697 0.0000

+ UTI-SPREAD Fund

Dividend

option10/01/2011 10.3878 10.3878 10.3878

Growth

Option10/01/2011 10.3878 10.3878 10.3878

+ UTI-FMP Yearly Series Jun 2011

Dividend

Option10/01/2011 10.4087 10.3116 0.0000

Growth option 10/01/2011 10.4087 10.3116 0.0000


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+ UTI-Wealth Builder Fund

Dividend

option

10/01/2011 10.3200 0.0000 0.0000

Growth

Option10/01/2011 10.3200 0.0000 0.0000

+ UTI-FMP Yearly Series Aug 2011

Income Retail 10/01/2011 10.3062 10.2031 0.0000

Growth Retail 10/01/2011 10.3062 10.2031 0.0000

+ UTI-FMP Yearly Series Oct 2011

Growth Retail 10/01/2011 10.1272 9.8234 0.0000

Income Retail 10/01/2011 10.1272 9.8234 0.0000

+ UTI-FMP Quarterly November, 2011 Series - I

Dividend

Option10/01/2011 10.1344 9.9317 0.0000

Growth option 10/01/2011 10.1344 9.9317 0.0000

+ UTI-FMP Yearly Series Sep 11

Growth option 10/01/2011 10.2441 9.9368 0.0000

Income

Option10/01/2011 10.2441 9.9368 0.0000


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+ UTI-FMP Quarterly Oct 2011 - II

Income

Option

10/01/2011 10.1723 9.9689 0.0000

Growth

Option10/01/2011 10.1722 9.9688 0.0000

+ UTI-FMP Quarterly November, 2006 Series - II

Dividend

Option

10/01/2011 10.0907 9.8889 0.0000

Growth option 10/01/2011 10.0907 9.8889 0.0000

+ UTI-FMP Quarterly Sep 2011- II

Income

Option28/12/2011 10.0061 9.8060 0.0000

Growth

Option28/12/2011 10.1926 9.9887 0.0000

+ UTI-FMP Quarterly August, 2011 Series - II

Income

Option01/12/2011 10.0072 9.9572 0.0000

Growth option 01/12/2011 10.1863 10.1354 0.0000

+ UTI-Unit Scheme 2011

INCOME 21/11/2011 13.8100 0.0000 0.0000


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RETAIL

GROWTH

RETAIL

21/11/2011 13.8100 0.0000 0.0000

+ UTI-FMP Yearly Series Sep 11

Income Retail 10/11/2011 10.0314 9.9311 0.0000

Growth Retail 10/11/2011 10.6342 10.5279 0.0000

+ UTI-FMP Yearly Series July 11

Income Retail 11/09/2011 10.0618 9.9612 0.0000

Growth Retail 11/09/2011 10.6566 10.5500 0.0000

+ UTI-FMP Quarterly May, 2011Series - II

Growth option 31/08/2011 10.1732 10.1223 0.0000

Dividend

Option31/08/2011 10.0166 9.9665 0.0000

+ UTI-FMP Quarterly March, 2011 Series - I

Growth option 26/06/2011 10.2162 10.2162 0.0000

Dividend

Option

26/06/2011 10.0225 10.0225 0.0000

+ UTI-FMP Quarterly Feb 11 - Series II

Dividend 29/11/2011 10.0232 9.9731 0.0000


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Option

Growth option 29/11/2011 10.1948 10.1438 0.0000

+ UTI-FMP Quarterly January, 2011 Series - II

Dividend

Option11/11/2011 10.0242 9.9741 0.0000

Growth option 11/11/2011 10.1874 10.1365 0.0000

+ UTI-FMP Yearly Series Feb 11

Income Retail 10/11/2011 10.0080 9.9079 0.0000

Growth Retail 10/11/2011 10.6599 10.5533 0.0000

+ UTI-FMP Quarterly December 2011 - I

Dividend

Option23/03/2011 10.0111 9.9611 0.0000

Growth option 23/03/2011 10.1625 10.1117 0.0000

+ UTI-FMP Quarterly November 2011 - II

Dividend

option27/02/2011 10.0182 9.9681 0.0000

GrowthOption

27/02/2011 10.1613 10.1111 0.0000

+ UTI-Fixed Maturity Plan-Yrly Nov11 (DP)


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02/01/2011 10.1139 9.9534 0.0000

+ UTI-Fixed Maturity Plan-Yrly Nov11 (GP)

02/01/2011 10.6668 10.5601 0.0000

+ UTI-Grandmaster Unit Scheme

15/07/2011 23.6300 23.6300 24.1600

+ UTI-Master Equity Plan 2011

15/07/2011 19.9900 19.5900 0.0000

+ UTI-Master Equity Plan 2011

15/07/2011 34.8400 34.1400 0.0000

+ UTI-PEF Unit Scheme

15/07/2011 27.2100 27.2100 27.8200

+ UTI-Unit Scheme 2011

15/07/2011 32.3700 31.7200 0.0000

+ UTI-Liquid Advantage Fund

Dividend

Reinv Plan30/06/2011 1006.4856 1006.4856 1006.4856

Growth Plan 30/06/2011 1250.9727 1250.9727 1250.9727

+ UTI-Bond Advantage Fund STP


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Dividend

Reinvestment Plan30/06/2011 10.1967 10.1967 10.1967

Growth Plan 30/06/2011 12.2634 12.2634 12.2634

+ UTI-Gilt Advantage Fund STP

Growth Plan 30/06/2011 13.5140 13.5140 13.5140

Dividend Plan 30/06/2011 10.7610 10.7610 10.7610

+ UTI-Index Advantage Fund (NIFTY)

30/06/2011 13.4788 13.4788 13.4788

+ UTI-Index Advantage Fund (SENSEX)

30/06/2011 13.8949 13.8949 13.8949

+ UTI-FMP Quarterly March 2011 - II

Income Retail 30/06/2011 10.0087 9.9086 0.0000

Growth Retail 30/06/2011 10.1454 10.1139 0.0000

+ UTI-FMP Quarterly February 2011 - I

Income Retail 20/11/2011 10.0119 9.9618 0.0000

Growth Retail 20/11/2011 10.1378 10.0871 0.0000

+ Senior Citizens Unit Plan

29/11/2011 14.8606 0.0000 0.0000


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+ UTI-FMP Quarterly January2011 - I (GR)

25/11/2011 10.1492 10.0985 0.0000

+ UTI-FMP Quarterly January2011 - I (IR)

25/11/2011 10.0150 9.9649 0.0000

+ UTI-FMP QUATERLY DEC2011-I

Div 21/03/2011 10.0098 10.0098 0.0000

Gr 21/03/2011 10.1424 10.1424 0.0000

+ UTI-Fixed Maturity Plan(Jan2011)

18/02/2011 10.6068 10.6068 0.0000

+ UTI-Fixed Maturity Plan Qrtly Nov11

11/02/2011 10.1419 10.1419 0.0000

+ MIP -2000(III)

Annual 20/01/2011 9.7773 0.0000 9.7773

Cumulative 20/01/2011 10.0986 0.0000 10.0986

Monthly 20/01/2011 9.3021 0.0000 9.3021

+ MIP-2001

Annual 20/01/2011 10.5552 0.0000 10.5552

Cumulative 20/01/2011 10.7530 0.0000 10.7530


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Monthly 20/01/2011 9.9431 0.0000 9.9431

+ MIP -2011(II)

Annual 20/01/2011 9.5448 0.0000 9.5448

Cumulative 20/01/2011 9.9979 0.0000 9.9979

Monthly 20/01/2011 9.0616 0.0000 9.0616

+ UTI-Fixed Maturity Plan Quarterly -August-11

03/12/2011 10.1173 0.0000 10.1173

+

01/11/2011 16.4993 0.0000 0.0000

+ UTI-Fixed Maturity Plan Quarterly -July-11

01/11/2011 10.1239 0.0000 10.1239

Statutory : Past Performance may or may not be sustained.

As with any investments in securities, the NAV of Units issued under the

Schemes can go up or down depending on the factors and forces affecting

the securities market in general.

Historic NAVs

In order to find out the NAV of any fund issued in the past, fill in the

name of the fund and the dates. Click on submit to get the results.

Mail Back

If order to receive NAVs of UTI Mutual funds through our mail back


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service, select the name of the scheme and the format in which you would

like to receive these details

HEAD OFFICE Addresses

UTI Mutual Fund - Corporate Head Office

UTI Tower , 'GN' Block,

Bandera Kurla Complex,

Bandera (E),Mumbai400111.

Tel: +91 (022) 6678 6666

Email: [email protected]
mailto:[email protected]:[email protected]


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Careers

UTI AMC, a pioneer in the mutual fund industry is executing an ambitious

plan to expand its marketing activities in India.

To realize these plans, the Company is now looking for energetic, self-paced

professionals to support our efforts in empowering people.

At UTI AMC, we are committed to provide a work environment where our

employees take pride in what they do. We provide a nurturing environment

that gives ample scope to grow professionally and personally. If you have the

passion to see beyond the obvious, we have a place for you. We are seeking

passionate professionals to be a part of our team.

Work culture
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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We believe in providing an environment that encourages employees to achieve

and fulfill personal goals and that of the company. When the combined force

of both, the employees and the company flow in one direction, there is ample

amount of possibilities, opportunities and growth.

The work culture at UTI Mutual Fund is simplework is priority and the rest

follows. Our relationship with our employees works both ways, they give their

best and we give them the best, we strike the right balance at work.

Employee Benefits

Competitive salaries

Comfortable work environment

Career opportunities

Insurance benefits

Recreational amenities

Introduction: Jan 14, 2003 is when UTI Mutual Fund started to pave its

path following the vision of UTI Asset Management Company Private

Limited.

Click here for a brief overview of UTI Mutual Funds

Vision

To be the most Preferred Mutual Fund.

Our mission is to make UTI Mutual Fund:

The most trusted brand, admired by all stakeholders
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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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 organization known for best corporate governance

Genesis

January 14, 2003 is when UTI Mutual Fund started to pave its path following

the vision of UTI Asset Management Co. Ltd. (UTIAMC), which was

appointed by UTI Trustee Co, Pvt. Ltd. for managing the schemes of UTI

Mutual Fund and the schemes transferred/migrated from the erstwhile Unit

Trust of India.

UTIAMC provides professionally managed back office support for all business

services of UTI Mutual Fund 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.

Since February 3, 2011, UTIAMC is also a registered portfolio manager under

the SEBI (Portfolio Managers) Regulations, 1993 for undertaking portfolio

management services. UTIAMC also acts as the manager and marketer to

offshore funds through its 100 % subsidiary, UTI International Limited,

registered in Guernsey, Channel Islands.

Trustee: UTI Trustee Company Private Limited, a company incorporated

under The Companies Act, 1956 will be the Trustee of transferred/migrated

schemes are the first and sole trustee of the Mutual Fund under the Trust Deed
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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dated December 9, 2002 executed between the Sponsors and the Trustee

Company (the Trustee)

Trustee

UTI Trustee Company Private Limited a company incorporated under

The Companies Act, 1956 will be the Trustee of transferred/migrated schemes

are the first and sole trustee of the Mutual Fund under the Trust Deed dated

December 9, 2002 executed between the Sponsors and the Trustee Company

(the Trustee).

Registered office:

UTI Tower, Gn Block, Bandra - Kurla Complex, Bandra (East), Mumbai -

400 111

Trustee

Shri Janki Ballabh,

Chairman, Former Chairman, UTI

Flat No. 611, Versova Vinayak

Co-op. Hsg. Soc., HSG Plot No.

Dr. P G Apte

Director, Indian Institute of

Management, Bangalore,

415, IIMB Campus,
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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Key People

8, Near Versova Telephone

Exchange, Versova, Andheri (W),

Mumbai 400 113

Bannerghatta Road,

Bangalore - 560 076

Shri S P Oswal

Chairman & Managing Director-

Vardhman Textiles Ltd.

Auro Mirra Bhawan, 2722,

Gurdev Nagar, Pakhowal Road,

Ludhiana.

Shri Babasaheb Neelkanth Kalyani

Chairman & Managing Director -

Bharat Forge Limited

'Amit' 221/A, Kalyani Nagar,

Yerawada, Pune - 411 006

Shri Ashok K Kini

Flat No. B-202, Mantri Pride

Apartment, 1st Cross Mountain

Road, Jayanagar, 1st Block,

Bangalore - 560011

Shri S Ravi

Senior Partner,Ravi Rajan & Co.

Chartered Accountants

D-218, Saket,

New Delhi - 110 017

Prof P V Ramana

Chairman, ITM Business School, Kharghar

Bungalow No 12, Gulab View,

Near Chembur,

Mumbai - 400 071
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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Mr. U.K. Sinha

Mr. Jaideep Bhattacharya

Mr. Satish Chandra Dikshit Mr. Imtaiyazur Rahman

Mr. Rama Mohan Rao Mr. T.N.Radhakrishna

Mr. Anoop Bhaskar Mr. Amandeep Singh Chopra

Mr. Asish Ranawade Mr. S.L.Pandian

Mr. Manas Lal Mitra

Mr U.K. Sinha

Mr. U K Sinha has a M.Sc. and LLB degree. He was the Joint Secretary,

Department of Economic Affairs, Ministry of Finance, for the period June

2002 to October 2011 looking after the Capital Market, External

Commercial Borrowing, Pension Reforms and Foreign Exchange

Management functions in the Ministry. He was responsible for drafting the

SEBI (Amendment) Act, 2002, UTI (Repeal) Act, 2002, the Securities Law

Amendment Act, 2011 and the PFRDA Bill 2011.

Earlier, he was Joint Secretary in the Banking Division of the Ministry of

Finance dealing with the financial institutions. He has been on the Board of

Directors of SIDBI, IFCI, Bank of Baroda, Central Bank of India, UTI

AMC and the Pension Funds Regulatory & Development Authority.
mailto:[email protected]://www.utimf.com/about_us/introduction/key_people.aspx#1http://www.utimf.com/about_us/introduction/key_people.aspx#2http://www.utimf.com/about_us/introduction/key_people.aspx#2http://www.utimf.com/about_us/introduction/key_people.aspx#3http://www.utimf.com/about_us/introduction/key_people.aspx#4http://www.utimf.com/about_us/introduction/key_people.aspx#5http://www.utimf.com/about_us/introduction/key_people.aspx#6http://www.utimf.com/about_us/introduction/key_people.aspx#6http://www.utimf.com/about_us/introduction/key_people.aspx#7http://www.utimf.com/about_us/introduction/key_people.aspx#8http://www.utimf.com/about_us/introduction/key_people.aspx#9http://www.utimf.com/about_us/introduction/key_people.aspx#9http://www.utimf.com/about_us/introduction/key_people.aspx#11http://www.utimf.com/about_us/introduction/key_people.aspx#12http://www.utimf.com/about_us/introduction/key_people.aspx#12http://www.utimf.com/about_us/introduction/key_people.aspx#12http://www.utimf.com/about_us/introduction/key_people.aspx#11http://www.utimf.com/about_us/introduction/key_people.aspx#9http://www.utimf.com/about_us/introduction/key_people.aspx#8http://www.utimf.com/about_us/introduction/key_people.aspx#7http://www.utimf.com/about_us/introduction/key_people.aspx#6http://www.utimf.com/about_us/introduction/key_people.aspx#5http://www.utimf.com/about_us/introduction/key_people.aspx#4http://www.utimf.com/about_us/introduction/key_people.aspx#3http://www.utimf.com/about_us/introduction/key_people.aspx#2http://www.utimf.com/about_us/introduction/key_people.aspx#1


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He started as a probationary officer in the State Bank of India where he

served for three years. He was also the Managing Director of the State

Credit and Investment Corporation at Mathura.

He has been associated with UTI AMC since 2011 as its Chairman and

Managing Director.

Mr. Jaideep Bhattacharya

Mr. Jaideep Bhattacharya is an MA in Economics. He has more than 21

years of work experience with over 16 years in financial sector. He has vast

experience in Banking, Products, Channels and Marketing of financial

services. He has earlier worked with Foreign Banks in various divisions.

Before joining UTI AMC, he was the Country Head of the largest Private

Sector Bank, in-charge of Products, Channels and Marketing for the Small

and Medium Enterprise Group. He is designated as a Director in the Board

of AMFI. He is also a member of SEBI - Advisory Committee of Mutual

Funds. He has been with UTI AMC since 2006 and is functioning as the

Chief Marketing Officer.

Mr. Satish Chandra Dikshit


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Mr. Satish Chandra Dikshit is a B.Sc., M.A and LLB. He has over three

decades post qualification experience of legal / regulatory matters in its

diverse branches covering a wide gamut of Corporate, Industrial,

Commercial, Economic & Fiscal Laws. Prior to joining UTI he has worked

with Employees State Insurance Company of India, U.P. State Spinning

Mills and Northern Leasing Industries Ltd. He has also been member of

Committees constituted by FIs (on legal documentation)/AMFI

(concerning MF industry). He has been with UTI AMC since 1989 and is

presently in charge of the legal affairs of the company as its Chief Legal

Advisor. He is also the Chief Vigilance Officer and the Head of thedepartment of Risk Management

Mr. Imtaiyazur Rahman

Mr. Imtaiyazur Rahman is a B.Sc. graduate with FICWA, FCS and CPA

(USA). He has over 17 years of experience in Finance, Accounts, Taxation,

Administration, IT, Operations, HR and Secretarial functions. Prior to

joining UTI, he has worked with Bells Controls Ltd., Leasing Finance

India Ltd., Sumeet Machines Ltd. and UTI TSL. He has been with UTI

AMC since 2003 as Company Secretary and is looking after the Investment

Accounts, AMC-Accounts, Information Technology and Secretarial

Functions of UTI Mutual Fund.

He is presently the Chief Financial Officer, the Company Secretary and


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Head-Department of Administration & IT and Department of Funds

Management (Dealing Section-Administration)

Mr. Rama Mohan Rao

Mr. Rama Mohan Rao is a Chartered Accountant and a CAIIB. He has

been with UTI AMC since 1980 and has served in different capacities as

Branch Manager, Manager in Primary Market Investment division, ChiefInvestment Officer for Balance funds. He was on deputation to UTI

Securities Exchange Ltd. as the Managing Director for 5 years (July, 2002

to April, 2007). He is presently functioning as the Head of the Department

of Internal Audit & Compliance and Project Management Office.

Mr. Anoop Bhaskar

Mr. Anoop Bhaskar is a B.Com graduate from the Delhi University and a

MBA (Finance) from SIBM, Pune.

He has over 16 years of experience in the Finance & Research. Prior to

joining UTI AMC, Mr. Bhaskar has worked with Sundaram Asset


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Management, Chennai as Head-Equity, Templeton Asset Management as

Senior Research Analyst, Shriram Financial Services Ltd. as Manager-

Investments, Brisk Financial Services and Cross Borders Finance &

Project. Mr. Bhaskar has assumed the role of Head- Equity at UTI AMC

since April, 2007.

Mr. Amandeep Singh Chopra

Mr. Amandeep Singh Chopra is a graduate from St. Stephens College,

Delhi and an MBA from FMS, Delhi. Prior to joining UTI he has worked

with Aaina Exports Ltd. as a production co-ordinator and at Stenay Ltd. as

a Quality Control Inspector. He has been with UTI AMC since 1994 and

has been responsible for increasing the asset value in some of the select

funds. He has achieved CPR1 and CPR2 ranking for several funds as a

Fund Manager. Three of his funds namely UTI Liquid Cash Plan, UTI

liquid Cash Plan-Institutional and UTI Bond Fund has been awarded

CNBC TV-18 Crisil Mutual Award. Presently, he is functioning as the

Head of Fixed Income.

Mr. Ashish Ranawade


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Mr. Ashish Ranawade is currently heading the Portfolio Management

Services Division of UTI AMC. He is a B.E.( Electronics) from VJTI in

Mumbai and M.M.S. (Finance) from Jamnalal Bajaj Institute, Mumbai.

He joined UTI in 1994 and worked as a credit analyst till May 1999,

where-in he handled rating assignments for over 300 companies across

various industries. He was made the fund manager for balanced funds in

May 1999 and handled funds of over Rs 4000 crores. In the year 2000, he

moved to offshore funds, where he set up and managed a private equity

fund. He was also involved in raising resources and in launching structuredproducts in the offshore markets. In the the year 2011, he was assigned the

task of setting up UTI's Portfolio Management Services Division and

managing customized portfolios. Presently he is the Head of PMS

Division.

Mr. S.L.Pandian

Mr. S.L. Pandian is an MBA, M.Com, MA, M Phil, LLB, AMP(MDI

Gurgaon), CIA(USA),CSFA(USA),CISA and CAIIB . He has been with

UTI AMC since 1986, working in a wide spectrum of areas including

investor service, compliance, internal audit, fund accounting, dealing in

equities and equity related derivatives in secondary market and scheme

operations. He was a member of the UTIs Special Team on Business

Process Re-engineering (BPR) exercise assigned to M/s McKinsey & Co.


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Recently he had been associated with a BCG Pilot Project on Cross Selling.

Prior to joining UTI, he had worked with UTI. In the recent past, he

functioned as Head-Internal Audit and Compliance Officer. Currently he is

functioning as the Chief Operating Officer and is in charge of the

Department of Operations.

Mr. Manas Lal Mitra

Mr. Manas Lal Mitra is a B.E.(Electrical) and a PGDM from IIM,

Bangalore.

He has over 18 years of experience in the field of Finance and

Infrastructure. Prior to joining UTI AMC Ltd., Mr. Mitra has worked with

ICICI Bank Ltd. as a key member in Global Project Finance Department,GMR Infrastructure Ltd. as Incharge of Transport Finance, IDBI, Shaw

Wallace and Hindustan Petroleum. Mr. Manas Mitra has assumed the role

of Head & CIO-Department of Global Investment Advisory Services at

UTI AMC Ltd. since July, 2008.

Assets Under Management

UTIAMC presently manages a corpus of over Rs. 80,218 Crores* as on 31st

March 2010 (source: www.amfiindia.com). UTI Mutual Fund has a track

record of managing a variety of schemes catering to the needs of every class of
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citizens. It has a nationwide network consisting 141 UTI Financial Centres

(UFCs) and UTI International offices in London, Dubai and Bahrain.

UTIAMC has a well-qualified, professional fund management team, which has

been fully empowered to manage funds with greater efficiency and

accountability in the sole interest of the unit holders. The fund managers are

ably supported by a strong in-house securities research department. To ensure

investors interests, a risk management department is also in operation.

Reliability

UTIMF has consistently reset and upgraded transparency standards. All thebranches, UFCs and registrar offices are connected on a robust IT network to

ensure cost-effective quick and efficient service. All these have evolved

UTIMF to position as a dynamic, responsive, restructured, efficient and

transparent entity, fully compliant with SEBI regulations.

Investment Philosophy

UTI Mutual Funds investment philosophy is to deliver consistent and stable

returns in the medium to long term with a fairly lower volatility of fund returns

compared to the broad market. It believes in having a balanced and well-

diversified portfolio for all the funds and a rigorous in-house research based

approach to all its investments. It is committed to adopt and maintain good

fund management practices and a process based investment management.


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UTI Mutual Fund follows an investment approach of giving as equal an

importance to asset allocation and sectoral allocation, as is given to security

selection while managing any fund. It combines top-down and bottom-up

approaches to enable the portfolios/funds to adapt to different market

conditions so as to prevent missing an investment opportunity.

In terms of its funds performance, UTI Mutual Fund aims to consistently

remain in the top quartile vis--vis the funds in the peer group.


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RESEARCH METHODOLOGY

This report is based on primary as well secondary data,

however primary data collection was given more importance

since it is overhearing factor in attitude studies. One of the most

important users of research methodology is that it helps in

identifying the problem, collecting, analyzing the required

information data and providing an alternative solution to the

problem .It also helps in collecting the vital information that is

required by the top management to assist them for the better

decision making both day to day decision and critical ones.

Data sources:

Research is totally based on primary data. Secondary data can

be used only for the reference. Research has been done by

primary data collection, and primary data has been collected by

interacting with various people. The secondary data has been

collected through various journals and websites.

Duration of Study:


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The study was carried out for a period of two months, from 30th

May to 30th

July 2008.

Sampling:

Sampling procedure:The sample was selected of them who are the customers/visitors

of State Bank if India, Branch, irrespective of them being

investors or not or availing the services or not. It was also

collected through personal visits to persons, by formal andinformal talks and through filling up the questionnaire prepared.

The data has been analyzed by using mathematical/Statistical

tool.

Sample size:The sample size of my project is limited to 200 people only.

Out of which only 120 people had invested in Mutual Fund.

Other 80 people did not have invested in Mutual Fund.

Sample design:Data has been presented with the help of bar graph, pie charts,

line graphs etc.


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ANALYSIS & INTERPRETATION OF THE

DATA

1. (a) Age distribution of the Investors of Mathura

Age Group 50

No. of

Investors

12 18 30 24 20 16


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Interpretation:

According to this chart out of 120 Mutual Fund investors of

Mathura the most are in the age group of 36-40 yrs. i.e. 25%,

the second most investors are in the age group of 41-45yrs i.e.

20% and the least investors are in the age group of below 30

yrs.

(b). Educational Qualification of investors of

Mathura

12

18

30

2420

16

0

5

10

15

20

25

30

35

50InvestorsinvestedinMutua

lFund

Age group of the Investors


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Educational

Qualification

Number of

Investors

Graduate/ Post Graduate 88

Under Graduate 25

Others 7

Total 120

Interpretation:

Out of 120 Mutual Fund investors 71% of the investors in

Mathura are Graduate/Post Graduate, 23% are Under Graduate

and 6% are others (under HSC).

c). Occupation of the investors of Mathura

71%

23%

6%

Graduate/Post Graduate Under Graduate Others


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.

Interpretation:

In Occupation group out of 120 investors, 38% are Pvt.

Employees, 25% are Businessman, 29% are Govt.

Employees, 3% are in Agriculture and 5% are in others.

(d). Monthly Family Income of the Investors of

Mathura.

No.of

Investors

Occupation No. of Investors

Govt. Service 30

Pvt. Service 45

Business 35

Agriculture 4

Others 6


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Income Group No. of Investors

30,000 32

Interpretation:

In the Income Group of the investors of Mathura, out of

120 investors, 36% investors that is the maximum

investors are in the monthly income group Rs. 20,001 to

Rs. 30,000, Second one i.e. 27% investors are in the

monthly income group of more than Rs. 30,000 and

the minimum investors i.e. 4% are in the monthly

income group of below Rs. 10,000

512

28

43

32

0

5

10

15

20

25

30

35

40

45

50

30

No.ofInvest

ors

Income Group of the Investorsn (Rs. in Th.)


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(2) Investors invested in different kind of

investments.

Kind of Investments No. of Respondents

Saving A/C 195

Fixed deposits 148

Insurance 152

Mutual Fund 120

Post office (NSC) 75

Shares/Debentures 50

Gold/Silver 30

Real Estate 65


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Interpretation: From the above graph it can be inferred that

out of 200 people, 97.5% people have invested in Saving A/c,

76% in Insurance, 74% in Fixed Deposits, 60% in Mutual Fund,

37.5% in Post Office, 25% in Shares or Debentures, 15% in

Gold/Silver and 32.5% in Real Estate.

195

148

152

120

75

50

30

65

0 100 200 300

No.of Respondents

KindsofInves

tment


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. Preference of factors while investing

Factors (a)

Liquidity

(b) Low

Risk

(c) High

Return

(d)

TrustNo. of

Respondents

40 60 64 36


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Interpretation:

Out of 200 People, 32% People prefer to invest where there is

High Return, 30% prefer to invest where there is Low Risk,

20% prefer easy Liquidity and 18% prefer Trust

4. Awareness about Mutual Fund and its Operations

20%

30%32%

18%

Liquidity Low Risk High Return Trust

Response Yes No


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Interpretation:

From the above chart it is inferred that 67% People are aware of

Mutual Fund and its operations and 33% are not aware of

Mutual Fund and its operations.

67%

33%

Yes No

No. of Respondents 135 65


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5. Source of information for customers about

Mutual Fund

Source of information No. of Respondents

Advertisement 18

Peer Group 25

Bank 30

Financial Advisors 62

Interpretation:

From the above chart it can be inferred that the Financial

Advisor is the most important source of information aboutMutual Fund. Out of 135 Respondents, 46% know about

Mutual fund Through Financial Advisor, 22% through Bank,

19% through Peer Group and 13% through Advertisement.

0

20

40

60

80

Advertisement Peer Group Bank Financial Advisors

18 2530

62

No.ofRespondents

Source of Information


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6. Investors invested in Mutual Fund

Response No. of Respondents

YES 120NO 80

Total 200

Interpretation:

Yes60%

No

40%


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Out of 200 People, 60% have invested in Mutual Fund and 40%

do not have invested in Mutual Fund.

7.Reason for not invested in Mutual Fund

Reason No. of Respondents

Not Aware 65

Higher Risk 5

Not any Specific

Reason

10

81%

13% 6%

Not Aware Higher Risk Not Any


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Interpretation:

Out of 80 people, who have not invested in Mutual Fund, 81%

are not aware of Mutual Fund, 13% said there is likely to behigher risk and 6% do not have any specific reason.

8. Investors invested in different Assets Management

Co. (AMC)

Name of AMC No. of Investors

UTIMF 55

UTI 75

HDFC 30

Reliance 75ICICI Prudential 56

Kotak 45

Others 70


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Interpretation:

In Mathura most of the Investors preferred UTI and Reliance

Mutual Fund. Out of 120 Investors 62.5% have invested in each

of them, only 46% have invested in UTIMF, 47% in ICICI

Prudential, 37.5% in Kotak and 25% in HDFC.

9. Reason for invested in UTIMF


Associated with UTI 35

Better Return 5

Agents Advice 15

75

75

56

55

45

30

70

0 20 40 60 80

UTI

Reliance

ICICI

SBIMF

Kotak

HDFC

Others

No. of Investors

NameofAMC


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Interpretation:

Out of 55 investors of UTIMF 64% have invested because of its

association with Brand UTI, 27% invested on Agents Advice,

9% invested because of better return.

10. Reason for not invested in UTIMF


Not Aware 25

64%9%

27%

Associated with SBI Better Return Agents Advice


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Less Return 18

Agents Advice 22

Interpretation:

Out of 65 people who have not invested in UTIMF, 38% were

not aware with UTIMF, 28% do not have invested due to less

return and 34% due to Agents Advice.

38%

28%

34%

Not Aware Less Return Agent's Advice


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11. Preference of Investors for future investment in

Mutual Fund

Name of AMC No. of Investors

UTIMF 76

UTI 45

HDFC 35

Reliance 82

ICICI Prudential 80

Kotak 60

Others 75

Interpretation:

0 20 40 60 80 100

SBIMF

UTI

HDFC

Reliance

ICICI Prudential

Kotak

Others

76

45

35

82

80

60

75

No. of Investors

NameofAM

C


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Out of 120 investors, 68% prefer to invest in Reliance, 67% in

ICICI Prudential, 63% in UTIMF, 62.5% in Others, 50% in

Kotak, 37.5% in UTI and 29% in HDFC Mutual Fund.

12. Channel Preferred by the Investors for Mutual

Fund Investment

Channel Financial

Advisor

Bank AMC

No. of

Respondents

72 18 30

Interpretation:

Out of 120 Investors 60% preferred to invest through Financial

Advisors, 25% through AMC and 15% through Bank.

60%15%

25%

Financial Advisor Bank AMC


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13. Mode of Investment Preferred by the Investors

Mode of

Investment

One time

Investment

Systematic Investment

Plan (SIP)

No. of

Respondents

78 42

65%

35%

One time Investment SIP


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Interpretation:

Out of 120 Investors 65% preferred One time Investment and

35 % Preferred through Systematic Investment Plan.

14. Preferred Portfolios by the Investors

Portfolio No. of Investors

Equity 56

Debt 20

Balanced 44


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Interpretation:

From the above graph 46% preferred Equity Portfolio, 37%

preferred Balance and 17% preferred Debt portfolio

15. Option for getting Return Preferred by the

Investors

Option Dividend Payout Dividend

Reinvestment

Growt

h

No. of

Respondents

25 10 85

46%

17%

37%

Equity Debt Balance


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Interpretation:

From the above graph 71% preferred Growth Option, 21%

preferred Dividend Payout and 8% preferred Dividend

Reinvestment Option.

16. Preference of Investors whether to invest in

Sectoral Funds

21%

8%

71%

Dividend Payout Dividend Reinvestment Growth


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Response No. of Respondents

Yes 25

No 95

Interpretation:

Out of 120 investors, 79% investors do not prefer to invest in

Sectoral Fund because there is maximum risk and 21% prefer to

invest in Sectoral Fund.

21%

79%

Yes No


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Findings

In Mathura in the Age Group of 36-40 years were more innumbers. The second most Investors were in the age group

of 41-45 years and the least were in the age group of

below 30 years.

In Mathura most of the Investors were Graduate or PostGraduate and below HSC there were very few in numbers.

In Occupation group most of the Investors were Govt.employees, the second most Investors were Private

employees and the least were associated with Agriculture.

In family Income group, between Rs. 20,000- 30,000 weremore in numbers, the second most were in the Income

group of more than Rs.30,000 and the least were in the

group of below Rs. 10,000.

About all the Respondents had a Saving A/c in Bank, 76%Invested in Fixed Deposits, Only 60% Respondents

invested in Mutual fund.

Mostly Respondents preferred High Return whileinvestment, the second most preferred Low Risk then

liquidity and the least preferred Trust.


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Only 67% Respondents were aware about Mutual fund andits operations and 33% were not.

Among 200 Respondents only 60% had invested in MutualFund and 40% did not have invested in Mutual fund.

Out of 80 Respondents 81% were not aware of MutualFund, 13% told there is not any specific reason for not

invested in Mutual Fund and 6% told there is likely to be

higher risk in Mutual Fund.

Most of the Investors had invested in Reliance or UTIMutual Fund, ICICI Prudential has also good Brand

Position among investors, UTIMF places after ICICI

Prudential according to the Respondents.

Out of 55 investors of UTIMF 64% have invested due toits association with the Brand UTI, 27% Invested because

of Advisors Advice and 9% due to better return.

Most of the investors who did not invested in UTIMF dueto not Aware of UTIMF, the second most due to Agents

advice and rest due to Less Return.

For Future investment the maximum Respondentspreferred Reliance Mutual Fund, the second most

preferred ICICI Prudential, UTIMF has been preferred

after them.

60% Investors preferred to Invest through FinancialAdvisors, 25% through AMC (means Direct Investment)

and 15% through Bank.

65% preferred One Time Investment and 35% preferredSIP out of both type of Mode of Investment.


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Recommendations and Suggestions

The most vital problem spotted is of ignorance.Investors should be made aware of the benefits. Nobody


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will invest until and unless he is fully convinced.

Investors should be made to realize that ignorance is no

longer bliss and what they are losing by not investing.

Mutual funds offer a lot of benefit which no other singleoption could offer. But most of the people are not even

aware of what actually a mutual fund is? They only see it

as just another investment option. So the advisors should

try to change their mindsets. The advisors should target

for more and more young investors. Young investors as

well as persons at the height of their career would like to

go for advisors due to lack of expertise and time.

Mutual Fund Company needs to give the training of theIndividual Financial Advisors about the Fund/Scheme

and its objective, because they are the main source to

influence the investors.

Before making any investment Financial Advisorsshould first enquire about the risk tolerance of the

investors/customers, their need and time (how long they

want to invest). By considering these three things they

can take the customers into consideration.

Younger people aged under 35 will be a key newcustomer group into the future, so making greater efforts

with younger customers who show some interest in

investing should pay off.

Customers with graduate level education are easier tosell to and there is a large untapped market there. To


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succeed however, advisors must provide sound advice

and high quality.

Systematic Investment Plan (SIP) is one the innovativeproducts launched by Assets Management companies

very recently in the industry. SIP is easy for monthly

salaried person as it provides the facility of do the

investment in EMI. Though most of the prospects and

potential investors are not aware about the SIP. There is a

large scope for the companies to tap the salaried persons.


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Conclusion

Running a successful Mutual Fund requires complete

understanding of the peculiarities of the Indian Stock Market

and also the psyche of the small investors. This study has made

an attempt to understand the financial behavior of Mutual Fund

investors in connection with the preferences of Brand (AMC),

Products, Channels etc. I observed that many of people have

fear of Mutual Fund. They think their money will not be secure

in Mutual Fund. They need the knowledge of Mutual Fund and

its related terms. Many of people do not have invested in mutual

fund due to lack of awareness although they have money to

invest. As the awareness and income is growing the number of

mutual fund investors are also growing.


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Brand plays important role for the investment. People invest

in those Companies where they have faith or they are well

known with them. There are many AMCs in Mathurabut only

some are performing well due to Brand awareness. Some AMCs

are not performing well although some of the schemes of them

are giving good return because of not awareness about Brand.

Reliance, UTI, UTIMF, ICICI Prudential etc. they are well

known Brand, they are performing well and their Assets Under

Management is larger than others whose Brand name are not

well known like Principle, Sunderam, etc.

Distribution channels are also important for the investment in

mutual fund. Financial Advisors are the most preferred channel

for the investment in mutual fund. They can change investors

mind from one investment option to others. Many of investors

directly invest their money through AMC because they do not

have to pay entry load. Only those people invest directly who

know well about mutual fund and its operations and those have

time.


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QUESTIONNAIRE


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A study of preferences of the investors for investment in mutual

funds.

1. Personal Details:

(a). Name:-

(b). Add: - Phone:-

(c). Age:-

(d). Qualification:-

(e). Occupation. Pl tick ()

Govt. Ser Pvt. Ser Business Agriculture Others

(g). What is your monthly family income approximately? Pl tick ().

Graduation/PG Under Graduate Others


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Up to

Rs.10,000

Rs. 10,001 to

15000

Rs. 15,001 to

20,000

Rs. 20,001 to

30,000

Rs. 30,001

and above

2. What kind of investments you have made so far? Pl tick (). All

applicable.

a. Saving account b. Fixed deposits c. Insurance d. Mutual Fund

e. Post Office-NSC, etc

f.Shares/Debentures

g. Gold/Silver

h. Real Estate

3. While investing your money, which factor will you prefer?

.

(a) Liquidity (b) Low Risk (c) High

Return

(d) Trust

4. Are you aware about Mutual Funds and their operations? Pl tick ().

Yes No

5. If yes, how did you know about Mutual Fund?

a. b. Peer c. Banks d. Financial


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Advertisement Group Advisors

6. Have you ever invested in Mutual Fund? Pl tick (). YesNo

7. If not invested in Mutual Fund then why?

(a) Not aware of MF (b) Higher risk (c) Not any specific reason

8. If yes, inwhich Mutual Fund you have invested? Pl. tick (). All

applicable.

a.

UTIMF

b.

UTI

c.

HDFC

d.

Reliance

e. Kotak f. Other. specify

9. If invested in UTIMF, you do so because (Pl. tick (), all applicable).

a. UTIMF is associated with State Bank of India.

b. They have a record of giving good returns year after year.


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c. Agent Advice

10. If NOT invested in UTIMF, you do so because (Pl. tick () allapplicable).

a. You are not aware of UTIMF.

b. UTIMF gives less return compared to the others.

c. Agent Advice

11. When you plan to invest your money in asset management co. which

AMC will you prefer?

Assets Management Co.

a. UTIMF


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b. UTI

c. Reliance

d. HDFC

e. Kotak

f. ICICI

12. Which Channel will you prefer while investing in Mutual Fund?

(a) Financial Advisor (b) Bank (c) AMC

13. When you invest in Mutual Funds which mode of investment will you

prefer? Pl. tick ().

a. One Time Investment b. Systematic Investment Plan (SIP)

14. When you want to invest which type of funds would you choose?

a. Having only debt b. Having debt & c. Only equity


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portfolio equity portfolio. portfolio.

15. How wouldyou like to receive the returns every year? Pl. tick ().

a. Dividend payout b. Dividend re-

investment

c. Growth in NAV

16. Instead of general Mutual Funds, would you like to invest in sectorial

funds?

Please tick (). Yes No

Thank you very much for your co-operation!


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BIBLIOGRAPHY

NEWS PAPERS

OUTLOOK MONEY

TELEVISION CHANNEL (CNBC AAWAJ)

MUTUAL FUND HAND BOOK

FACT SHEET AND STATEMENT

WWW.UTIMF.COM

WWW.MONEYCONTROL.COM

WWW.AMFIINDIA.COM
http://www.sbimf.com/http://www.sbimf.com/http://www.moneycontrol.com/http://www.moneycontrol.com/http://www.amfiindia.com/http://www.amfiindia.com/http://www.amfiindia.com/http://www.moneycontrol.com/http://www.sbimf.com/


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WWW.ONLINERESEARCHONLINE.COM

WWW. MUTUALFUNDSINDIA.COM
http://www.onlineresearch.com/http://www.onlineresearch.com/http://www.onlineresearch.com/

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