UTI Mutual Fund was derived from the earlier Unit Trust of India (UTI) as it split under two separate entities: Specified Undertaking of Unit Trust of India (SUUTI) and the UTI Mutual Fund (UTIMF). It became a SEBI-registered mutual fund on February 1, 2003. The LIC India, the State Bank of India (SBI), the Bank of Baroda, and the Punjab National Bank sponsor the UTI Mutual Fund. TRP Group, via its wholly owned subsidiary T Rowe Price International Ltd. (TRP), has acquired a 26% stake in UTI AMC, bringing its total stake to 23%.
The UTI Mutual Fund has around 11 million investors, over 250 operational plans, and a total AuM of almost Rs 2,38,790 Crores. The best UTI Mutual Funds offer a broader range of services and reach most of India's rural and semi-urban regions. There are also over 200 full-time Financial Service Centres. Over 50,000 AMFI and NSFM-certified Independent Advisors on Finance work nationwide for UTI Mutual Funds.
Key Information About UTI Mutual Fund
How to Invest in the UTI Mutual Fund
Investing in the best UTI Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred UTI Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set up a periodic systematic investment plan (SIP). You can also make a lump-sum investment if you have a large amount to invest. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best UTI Mutual Funds in India
Here is the list of some of the best UTI Mutual Funds in India:
* All data as of 31st Jan 2025
Detailed Overview of UTI Mutual Fund Schemes
Now, let’s discuss these 10 UTI mutual fund schemes in detail:
1. UTI ELSS Tax Saver Fund-Direct-Growth Plan
UTI ELSS Tax Saver Fund is an open-ended equity-linked savings scheme with a three-year statutory lock-in and tax benefits. The Fund invests in leading companies across sectors to provide superior risk-adjusted returns and seeks opportunities across market capitalisation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 11.53% and 16.67%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,872.23.
- Minimum Investment Amount: The minimum lump sum for the UTI ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.
2. UTI Flexi Cap Fund-Direct-Growth Plan
UTI Flexi Cap Fund is a dynamic equity scheme that invests in large-cap, mid-cap, and small-cap stocks. This open-ended fund focuses on high-quality businesses that can generate strong growth over a long period.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 8.33% and 15.05%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,713.39.
- Minimum Investment Amount: The minimum lump sum for the UTI Flexi Cap Fund is ₹5000 and for SIP, it is ₹500.
3. UTI Low Duration Fund-Direct-Growth Plan
UTI Low Duration Fund is an open-ended, low-duration debt scheme positioned at the short end of the curve. It invests in debt securities and money market instruments, with a portfolio‘s Macaulay duration between 6 and 12 months.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.69% and 7.16%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,143.53.
- Minimum Investment Amount: The minimum lump sum for the UTI Low Duration Fund is ₹500 and for SIP, it is ₹500.
4. UTI Aggressive Hybrid Fund-Direct-Growth Plan
UTI Aggressive Hybrid Fund is an aggressive hybrid scheme oriented towards equity investments. It is intended to capture the earning potential of equities and the stability of fixed-income markets.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 16.51% and 18.84%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹15,814.72.
- Minimum Investment Amount: The minimum lump sum for the UTI Aggressive Hybrid Fund is ₹1000 and for SIP, it is ₹500.
5. UTI Floater Fund-Direct-Growth Plan
UTI Floater Fund is a debt scheme (open-ended) that invests predominantly in floating-rate instruments (including fixed-rate instruments converted to floating-rate exposures using swaps/derivatives). However, it invests some of its net assets in fixed-rate debt securities and money market instruments.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.55% and 6.27%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,095.96.
- Minimum Investment Amount: The minimum lump sum for the UTI Floater Fund is ₹500 and for SIP, it is ₹500.
6. UTI Infrastructure Fund-Direct-Growth Plan
UTI Infrastructure Fund is an open-ended equity fund with an infrastructure theme that invests in companies directly or indirectly involved in infrastructure-related activities.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 19.33% and 19.01%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,993.74.
- Minimum Investment Amount: The minimum lump sum for the UTI Infrastructure Fund is ₹5000 and for SIP, it is ₹500.
7. UTI Multi Asset Allocation Fund-Direct-Growth Plan
UTI Multi Asset Allocation Fund is an open-ended hybrid scheme that invests in equity, debt, and gold ETFs.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 18.69% and 16.00%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,721.43.
- Minimum Investment Amount: The minimum lump sum for the UTI Multi Asset Allocation Fund is ₹5000 and for SIP, it is ₹500.
8. UTI Gilt Fund-Direct-Growth Plan
UTI Gilt Fund is an open-ended debt scheme that predominantly invests in Government Securities issued by the central and/or state governments. From a credit perspective, investments are made in the highest-rated instruments, thus minimising the portfolio's credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.92% and 6.22%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,223.88.
- Minimum Investment Amount: The minimum lump sum for the UTI Gilt Fund is ₹500 and for SIP, it is ₹500.
9. UTI Conservative Hybrid Fund-Direct-Growth Plan
UTI Conservative Hybrid Fund is a conservative hybrid scheme that aims to generate income/capital appreciation by investing primarily in debt securities while having moderate exposure to equities.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 9.48% and 10.58%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,123.34.
- Minimum Investment Amount: The minimum lump sum for the UTI Conservative Hybrid Fund is ₹5000 and for SIP, it is ₹500.
10. UTI Large & Mid Cap Fund-Direct-Growth Plan
UTI Large & Mid Cap Fund is an open-ended equity scheme predominantly investing in large and mid-cap stocks. The Fund focuses on stocks below their long-term averages and/or undervalued, but it has the potential to unlock value.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 20.87% and 22.88%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹17,658.85.
- Minimum Investment Amount: The minimum lump sum for the UTI Large & Mid Cap Fund is ₹5000 and for SIP, it is ₹500.
Top Fund Managers
Below is the list of people who have made UTI Mutual Fund Investment a standout choice in a highly competitive market.
1. Ajay Tyagi
Ajay Tyagi is the Head of Equity at UTI AMC. He joined UTI in 2000 and has successfully carried out several roles and responsibilities across equity research, offshore funds, and domestic onshore funds. Further, he manages UTI AMC’s flagship equity scheme in India and is the Investment Advisor to UTI International’s range of India-dedicated offshore funds.
2. Anurag Mittal
Anurag Mittal is the Head of Fixed Income at UTI AMC. He is a Chartered Accountant with an MSc from the University of London. He was earlier a senior fund manager at IDFC AMC, managing key IDFC debt mutual fund schemes.
3. Karthikraj Lakshmanan
Karthikraj Lakshmanan is the equity fund manager and senior vice president at UTI AMC Ltd. He has worked for UTI for about 17 years and has also worked for ICICI Bank, Baroda BNP Paribas Asset Management, Goldman Sachs, and ICICI Prudential AMC.
4. Sunil Patil
Sunil Patil joined UTI AMC in October 1989. He is the Executive Vice President & Fund Manager – Debt. He has over 28 years of experience in primary market investment/dealing and fund management.
5. Niranjan Das
Niranjan Das joined UTI AMC Ltd. in 1992 and has been part of the Dealing team since July 2007. His key responsibilities include executing secondary market Equity and Gold ETF transactions. He has 30 years of total work experience.
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