Does Unit Trust of India still exist?

What happened to Unit Trust of India?

In February 2003, following the repeal of the Unit Trust of India Act 1963 UTI was bifurcated into two separate entities. … 29,835 crores as at the end of January 2003, representing broadly, the assets of US 64 scheme, assured return and certain other schemes.

Who sold Unit Trust of India?

Ltd stands 25th with an AUM of ₹ 4,926 crore. T. Rowe Price bought the 26% stake in UTI AMC at a price which equalled about 3.25% of its average assets under management then.

Is UTI a govt company?

Established in 1993, UTI Infrastructure Technology And Services Limited (UTIITSL) is a government owned company that provides technology and outsourcing services to the financial and government sectors of India.

How can I redeem Unit Trust in India?

You simply have to log-on to the ‘Online Transaction‘ page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.

Who is the owner of UTI AMC?

A major contributor to this article appears to have a close connection with its subject.

IT IS INTERESTING:  Question: What flower is popular in India?
Formerly Unit Trust of India
Owner Life Insurance Corporation of India Bank of Baroda Punjab National Bank State Bank of India T. Rowe Price
Number of employees 1,365+ (2019)

Which UTI fund is best?

Top 10 Uti Mutual Funds

Fund Name Category 1Y Returns
UTI Treasury Advantage Fund Debt 9.2%
UTI Flexi Cap Fund Equity 60.0%
UTI Short-term Income Fund Debt 9.6%
UTI Nifty Next 50 Index Fund Other 52.6%

Is UTI AMC a government or private?

UTI AMC has been promoted by four sponsors, namely, State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank and each of them hold 25% of the paid up capital of UTI AMC. UTI AMC was converted from a private limited company to a limited company with effect from November 14, 2007.

What is the new name of UTI?

Name change in Schemes of UTI Mutual Fund

Existing New
UTI – CCP Advantage Fund UTI CCF – Investment Plan
UTI – MIS Advantage Plan UTI Regular Savings Fund
UTI Balanced Fund UTI Hybrid Equity Fund
UTI SPrEAD Fund UTI Arbitrage Fund

Which funds is lowest in risk?

Top 10 Low Risk Mutual Funds

Fund Name Category Fund Size(in Cr)
UTI Arbitrage Fund Hybrid ₹6,067
Kotak Equity Arbitrage Fund Hybrid ₹24,430
Aditya Birla Sun Life Arbitrage Fund Hybrid ₹8,942
DSP Overnight Fund Debt ₹3,147

Is Unit Trust of India a statutory company?

Unit Trust of India was first Set up in 1st February 1964 under the Unit Trust of India Act, 1963. It is a statutory public sector investment institution having the main objective to encourage and mobilize the savings of the community and canalize them into productive corporate investment.

IT IS INTERESTING:  What animals came from India?