UTI Mutual Fund: Latest MF Schemes, NAV, Performance & Returns 2024
The Unit Trust of India, established as the pioneer of mutual fund investment in India, underwent a significant restructuring in 2003. This pivotal year saw the institution split into two distinct arms: the Specified Undertaking of Unit Trust of India (SUUTI) and UTI Mutual Funds (UTIMF), with the latter registering with SEBI on February 1st, 2003.
UTI Mutual Funds stands on the strong foundation provided by four of India’s largest public sector banks, each holding an 18.24% stake. These pillars are the State Bank of India, Punjab National Bank, Bank of Baroda, and the Life Insurance Corporation of India. Complementing this domestic solidity is the global financial expertise of the T Rowe Price Group Inc., owning a 26% share through its subsidiary T Rowe Price Global Investment Services Ltd.
With a heritage that pre-dates many of its peers, UTI Mutual Funds boasts a wide investor base of nearly 11 million. It currently offers over 250 investment plans, with assets under management amounting to around Rs 2.67 lakh Crores. The reach of UTI Mutual Funds is unparalleled in India, with an extensive network ensuring that its services penetrate the furthest corners of rural and semi-urban India.
The strength of UTI’s outreach is further bolstered by over 50,000 AMFI and NSFM certified independent financial advisors and more than 200 dedicated Financial Service Centres spread across the nation, solidifying its position as the eighth-largest mutual fund house in terms of asset size within the country.
UTI Mutual Funds has been a trendsetter in the industry, marked by several innovative offerings. Noteworthy among these is the UTI Mastershare, a flagship scheme launched in 1986, and the pioneering Unit Linked Insurance Plan (ULIP) introduced in 1971, which was a trailblazer in combining investment with insurance cover. It continued its streak of firsts with the ‘India Fund,’ India’s inaugural offshore fund launched in 1986, and later, the UTI Wealth Builder Fund, which uniquely merged gold and equity investments.
Top UTI Mutual Fund Leading MF Schemes 2024
| Scheme Name (Direct Plan) | Crisil Rank | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Category | Investment Focus |
|---|---|---|---|---|---|---|
| UTI Nifty Next 50 Index Fund | 5★ | 32.2% | 29.8% | 3,965.27 | Index | Tracks Nifty Next 50 Index for high growth potential in mid-cap companies. |
| UTI Focused Equity Fund | 5★ | 26.4% | 31.2% | 1,122.19 | Multi Cap | Concentrated portfolio of high-conviction ideas across sectors. |
| UTI Flexi Cap Fund | 4★ | 21.7% | 19.4% | 12,951.85 | Flexi Cap | Invests across market capitalizations based on opportunities. |
| UTI Masters Value Fund | 4★ | 19.5% | 24.4% | 2,816.53 | Value | Invests in undervalued companies with strong fundamentals. |
| UTI Mid Cap Fund | 4★ | 24.2% | 30.1% | 5,784.54 | Mid Cap | Invests in mid-cap companies with high growth potential. |
| UTI Small Cap Fund | 4★ | 27.8% | 35.9% | 8,006.00 | Small Cap | Invests in small-cap companies with high growth potential. |
| UTI Capital Protection Fund Series 1 – 16 (Tax Saving) | 4★ | 15.2% | 13.4% | 3,993.06 | Equity Savings | Tax-saving ELSS scheme with capital protection and growth potential. |
| UTI Balanced Advantage Fund | 4★ | 16.0% | 16.0% | 3,189.56 | Asset Allocation | Dynamic asset allocation across equity, debt, and other asset classes. |
| UTI Equity Opportunities Fund | 4★ | 18.7% | 24.3% | 2,653.25 | Aggressive Hybrid | Higher equity exposure for high potential capital appreciation. |
| UTI Retirement Benefit 2045 | 4★ | 13.2% | 14.3% | 13,033.53 | Balanced Hybrid | Moderate equity & debt mix for capital appreciation & income, targeted for retirement in 2045. |
Key information
| Information | Details |
|---|---|
| Mutual fund name | UTI Mutual Fund |
| Founded | February 1, 2003 |
| AMC Incorporation Date | 05 September 1994 |
| Sponsor name | State Bank of India / Punjab National Bank / Bank of Baroda / Life Insurance Corporation |
| Trustee organisation | UTI Trustee Co (P) Ltd |
| MD and CEO | Mr. Imtaiyazur Rahman |
| Compliance Officer | Mr. Vivek Maheshwari |
| Investor Service Officer | Ms Nanda Malai |
Overview of Top UTI Mutual Fund Schemes 2024
UTI Nifty Next 50 Index Fund
UTI Nifty Next 50 Index Fund is perfect for those looking to invest in the growth story of India’s next top 50 companies after the Nifty 50. With a Crisil ranking of 5 stars and a 3-year CAGR of 32.2%, this fund mirrors the performance of the Nifty Next 50 Index, which includes mid-cap companies with high growth potential.
UTI Focused Equity Fund
UTI Focused Equity Fund stands out with a 26.4% 3-year CAGR, showcasing its ability to pick winning stocks across sectors. The fund’s focused approach means it holds a basket of select stocks, making it suitable for investors who have a higher risk tolerance and are looking for significant growth in the long term.
UTI Flexi Cap Fund
For investors seeking versatility, the UTI Flexi Cap Fund offers a mix of large, mid, and small-cap stocks, dynamically adjusted based on market trends. It’s an attractive option for those aiming for growth while wanting to spread their risks across companies of different sizes.
UTI Masters Value Fund
UTI Masters Value Fund is for value investors who are on the lookout for stocks that are currently undervalued by the market but have strong fundamentals. A 19.5% 3-year CAGR and a Crisil rank of 4 stars indicate the fund’s ability to identify such stocks effectively.
UTI Mid Cap Fund and UTI Small Cap Fund
The UTI Mid Cap Fund and UTI Small Cap Fund are ideal for those willing to embrace higher volatility for the chance of substantial returns, with 3-year CAGRs of 24.2% and 27.8%, respectively. These funds invest in companies with smaller market capitalizations that have potential for rapid growth.
UTI Capital Protection Fund Series 1 – 16 (Tax Saving)
For the tax-conscious investor, the UTI Capital Protection Fund Series 1 – 16 (Tax Saving) not only aims for capital appreciation but also offers tax benefits under the ELSS category, making it a dual-benefit investment.
UTI Balanced Advantage Fund
The UTI Balanced Advantage Fund is geared towards investors who want a balance between equity and debt with the flexibility to adjust the asset allocation in response to market conditions, exemplified by its 16.0% 3-year CAGR.
UTI Equity Opportunities Fund
Investors with an eye on aggressive growth may find the UTI Equity Opportunities Fund appealing, as it leans heavily on equities with the aim of capital appreciation and has a 3-year CAGR of 18.7%.
UTI Retirement Benefit 2045
The UTI Retirement Benefit 2045 fund is crafted for long-term savings towards retirement, blending equity and debt for growth and income with a horizon set for the year 2045.
Fund Categories
Top UTI Equity Mutual Funds 2024
| Scheme Name (Direct Growth) | Crisil Rank | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Category | Investment Focus |
|---|---|---|---|---|---|---|
| UTI Nifty Next 50 Index Fund | 5★ | 32.2% | 29.8% | 3,965.27 | Index | Tracks Nifty Next 50 Index for high growth potential in Mid-Cap companies. |
| UTI Focused Equity Fund | 5★ | 26.4% | 31.2% | 1,122.19 | Multi Cap | Concentrated portfolio of high-conviction ideas across sectors. |
| UTI Flexi Cap Fund | 4★ | 21.7% | 19.4% | 12,951.85 | Flexi Cap | Invests across market capitalizations based on opportunities. |
| UTI MASTERS Value Fund | 4★ | 19.5% | 24.4% | 2,816.53 | Value | Invests in undervalued companies with strong fundamentals. |
| UTI Mid Cap Fund | 4★ | 24.2% | 30.1% | 5,784.54 | Mid Cap | Invests in Mid-Cap companies with high growth potential. |
| UTI Small Cap Fund | 4★ | 27.8% | 35.9% | 8,006.00 | Small Cap | Invests in Small-Cap companies with high growth potential. |
| UTI ELSS 96 – Tax Shield | 4★ | 19.4% | 22.8% | 3,015.54 | Equity Savings | ELSS scheme for tax-saving with long-term wealth creation. |
| UTI Growth Opportunities Fund | 4★ | 18.7% | 24.3% | 2,653.25 | Aggressive Hybrid | Higher equity exposure for potential capital appreciation. |
Top UTI Debt Mutual Funds 2024
| Scheme Name (Direct Plan) | Crisil Rank | Duration | Maturity | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Investment Focus |
|---|---|---|---|---|---|---|---|
| UTI Short Term Income Fund | 4★ | Short-term | N/A | 4.9% | 3.7% | 4,994.28 | Fixed Income & Short-term Debt |
| UTI CRISIL IBX AAA Bond Fund | 4★ | Short-term | March 2024 | 7.6% | 7.6% | 1,409.30 | Target Maturity (AAA-rated bonds) |
| UTI Corporate Debt Short Duration Fund | 4★ | Short-term | N/A | 7.4% | 8.6% | 1,739.58 | Corporate Debt |
| UTI Medium Term Debt Fund | 4★ | Medium-term | N/A | 7.7% | 8.8% | 3,798.26 | Fixed Income & Medium-term Debt |
| UTI Dynamic Bond Fund | 4★ | Flexible | N/A | 7.2% | 8.2% | 1,946.96 | Dynamic Bond |
| UTI Bond Savings Fund | 3★ | Long-term | N/A | 8.0% | 9.2% | 1,642.53 | Fixed Income & Long-term Debt |
| UTI Gilt Fund | 4★ | Long-term | N/A | 7.1% | 7.5% | 1,425.35 | Government Securities |
Top UTI Hybrid Mutual Funds 2024
| Scheme Name (Direct Plan) | Crisil Rank | Equity Allocation (%) | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Category | Investment Focus |
|---|---|---|---|---|---|---|---|
| UTI Balanced Advantage Fund | 4★ | 35-65% | 16.0% | 16.0% | 3,189.56 | Balanced Hybrid | Moderate equity & debt mix for capital appreciation & income. |
| UTI ELSS 96 – Tax Shield | 4★ | 80-100% | 19.4% | 22.8% | 3,015.54 | Equity Savings (ELSS) | Higher equity exposure for long-term wealth creation with tax saving benefits. |
| UTI Retirement Benefit 2045 | 4★ | 50-70% | 13.2% | 14.3% | 13,033.53 | Balanced Hybrid | Moderate equity & debt mix for capital appreciation & income, targeted for retirement in 2045. |
| UTI Growth Opportunities Fund | 4★ | 65-80% | 18.7% | 24.3% | 2,653.25 | Aggressive Hybrid | Higher equity exposure for potential capital appreciation. |
| UTI Flexi Balanced Advantage Fund | 3★ | 20-80% | 17.3% | 12.1% | 1,279.98 | Multi Asset Allocation | Dynamic asset allocation across equity, debt, & other asset classes for balanced growth. |
Top Fund Managers
1. Ajay Tyagi:
- A renowned equity research and fund management expert, serving as Executive Vice President and Fund Manager (Equity).
- Chartered Financial Accountant (CFA) and holds a Master’s degree in Finance from Delhi University.
- Joined UTI in 2000 and has since made significant contributions to various funds, including Offshore Funds and India-specific overseas funds.
2. Kausik Basu:
- Fund Manager (Equity) and Executive Vice President at UTI Asset Management Company.
- Graduated and post-graduated from Calcutta University, also holds a background in law and is a senior member of the Institute of Cost Accountants of India (ICAI).
- Over 32 years of experience with UTI, serving in various capacities at the Calcutta Regional Office and headquarters.
- Managed various UTIMF products like UTI Opportunity and Wealth Builder Funds, garnering a strong reputation in India and abroad.
3. Ritesh Nambiar:
- Senior Vice President and Senior Fund Manager for UTI’s Credit Risk Fund.
- Credited with creating successful products like Ultra Short Term and Medium Term Mutual Funds.
- Extensive experience in fixed income, previously working with entities like TransMarket Group and CRISIL Research.
- CFA Charterholder with additional qualifications in Financial Risk Management from CFA Institute and GARP.
- Joined UTI in 2008 and actively contributes as a researcher and advisor to the Fund Management team.
4. Sharwan Kumar Goyal:
- Vice President and Chief Fund Manager (Equity).
- CFA Charterholder and Post-Graduate in Management from Welingkar Institute of Management Development & Research.
- Joined UTI in 2006 and possesses over 11 years of experience in Risk Management, Equity Management, and Portfolio Analysis.
- Heads the Overseas Investments division as Chief Fund Manager and brings expertise in AMC Management and Fund Distribution.
5. Amit Kumar Premchandani:
- Fund Manager (Equity) and Senior Vice President at UTI Asset Management Company.
- Qualified Chartered Accountant (CA) and holds a Master’s degree in Commerce.
- Extensive experience exceeding 17 years, leading multiple equity funds within UTI.
- Recognized for his strong analytical skills and expertise in identifying high-growth potential companies.
6. Vishal Chopda:
- Fund Manager (Equity) and Vice President at UTI Asset Management Company.
- Holds a Post-Graduate Diploma in Management from the Indian Institute of Management, Udaipur.
- Over 11 years of experience in equity research and investment management, primarily focused on mid-cap and small-cap companies.
- Recognized for his active management style and focus on identifying undervalued companies with strong fundamentals.
7. Karthikraj Lakshmanan:
- Fund Manager (Equity) and Vice President at UTI Asset Management Company.
- Holds a Master’s degree in Business Administration from the Indian Institute of Management, Lucknow.
- Over 14 years of experience in equity research and fund management, covering diverse sectors and market capitalizations.
- Focused on identifying companies with robust business models and long-term growth potential.
Who Should Invest in UTI Mutual Fund?
- Investors seeking diversified portfolios: UTI offers a wide range of mutual funds across various asset classes (equity, debt, hybrid) and investment styles (aggressive, balanced, conservative), allowing for diversification within one fund house.
- Long-term investors: UTI has a strong track record of delivering healthy returns over the long term (5+ years), ideal for individuals looking for consistent growth and capital appreciation.
- Investors with medium to high risk tolerance: Many UTI equity funds carry moderate to high risk, appealing to individuals comfortable with potential market fluctuations for the sake of higher returns.
- Value-oriented investors: UTI boasts several funds focusing on undervalued companies with strong fundamentals, suitable for those seeking value opportunities.
- Tax-saving investors: UTI offers ELSS schemes like UTI ELSS 96 – Tax Shield, providing tax benefits alongside long-term wealth creation.
FAQs
Is UTI Mutual Fund a trustworthy investment?
UTI Mutual Fund is one of the most reputable names in India’s mutual fund industry, managing around 12.8% of the country’s mutual fund folios, which signifies a high level of investor trust and confidence.
What has been the performance of UTI Mutual Funds?
UTI Mutual Funds have shown robust performance, with funds like the UTI Large & Mid Cap Fund delivering annualized returns of approximately 25.91% over the past 3 years.
Are UTI SIPs a good investment option?
Yes, UTI SIPs have been performing well, with some funds offering an annualized return of around 12.9% since inception, making them a solid choice for investors looking for consistent growth.
Which UTI Mutual Fund scheme is the best?
UTI Mutual Fund offers a variety of top-rated funds such as UTI Value Fund Direct-Growth and UTI Large Cap Fund Direct-Growth, each tailored to different investment goals and risk profiles.
Is UTI a government-owned company?
UTI Infrastructure Technology And Services Limited (UTIITSL) is a government-owned company that offers technology and outsourcing services, separate from the UTI Mutual Fund which is a financial service provider.
Who are the major stakeholders of UTI Mutual Fund?
UTI Mutual Fund is backed by four of India’s largest public sector institutions—State Bank of India, Punjab National Bank, Bank of Baroda, and the Life Insurance Corporation of India.
Is investing in UTI Mutual Fund safe?
With a strong backing by prominent public sector banks and a long-standing history of stable fund management, UTI Mutual Funds are considered a safe investment option relative to the market risks.
Who is at the helm of UTI Mutual Fund?
Mr. Imtaiyazur Rahman serves as the CEO of UTI Mutual Fund, bringing a wealth of experience and leadership to the fund’s operations.
Are UTI Mutual Funds eligible for tax savings?
Yes, UTI offers Equity Linked Savings Schemes (ELSS) like the UTI ELSS 96 – Tax Shield, which provide tax deductions under Section 80C of the Income Tax Act.
Is UTI Mutual Fund registered with SEBI?
Yes, UTI Mutual Fund is registered with SEBI, which oversees and regulates all mutual funds in India, ensuring compliance with legal and financial regulations.
Ganesh Kumar
https://finplay.in/Mutual Fund Expert and Stock Market Enthusiast. Indian Stock Markets to the Moon 🚀