UTI Mutual Fund is one of the oldest and most prominent mutual fund companies in India, established in 1963 as part of the Unit Trust of India (UTI). It was formally registered with the Securities and Exchange Board of India (SEBI) on February 1, 2003, following the bifurcation of the erstwhile UTI into two components: the Specified Undertaking of the Unit Trust of India (SUTTI) and UTI Mutual Fund[1][4]. ### Key Features and Ownership - Ownership: UTI Mutual Fund is backed by four major financial institutions: State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India, each holding 18.24% of the shares. The T. Rowe Price Group Inc. holds a significant 26% stake[1][3]. - Investor Base: It has a large investor base with over 11 million accounts and offers a wide range of investment products, including equity, debt, hybrid, and ETFs[1][3]. - Distribution Network: UTI Mutual Fund has an extensive distribution network across India, with over 469 financial centers and more than 51,000 independent financial advisors[3]. ### Products and Performance - Schemes Offered: UTI Mutual Fund offers approximately 177 schemes, including 25 equity schemes, 119 debt schemes, 28 hybrid schemes, and 5 ETFs and fund-of-funds schemes[3]. - Notable Funds: Some of its well-known equity schemes include the UTI Value Opportunities Fund and UTI Nifty Index Fund. Prominent debt schemes include the UTI Gilt Fund and UTI Money Market Institutional Fund[3]. - Performance: The fund house has a strong track record, with about 70% of its schemes beating their benchmarks over a one-year period[3]. ### Management and Vision - Leadership: The CEO of UTI Mutual Fund is Imtaiyazur Rahman. Other key leaders include Vetri Subramaniam as the Head of Equity Investments and Amandeep Chopra as the Head of Fixed Income Investments[3]. - Vision: The company aims to be the most preferred mutual fund house in India, focusing on delivering excellent customer service and wealth management solutions[3].