uti mutual funds
TRANSCRIPT
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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
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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]
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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
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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
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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
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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,
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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
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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.
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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
Reason No. of Respondents
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
Reason No. of Respondents
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/