UTI Mutual Fund

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Mutual Fund

UTI Asset Management Company is among the most trusted mutual fund houses in India, having been around for over 50 years. The company has grown significantly over the years and has made some truly outstanding contributions to capital as well as industrial growth in India. The company offers a variety of mutual funds that cater to the investment requirements of a diverse customer base, making it easy for investors to find the solutions that best suit their need

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On UTI Mutual Fund Official Website

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Updated: 29-05-2024 10:32:40 AM

Types of funds

UTI Mutual Fund offers the following kind of funds:

  • Equity funds
  • Debt funds
  • Overnight and Liquid funds
  • Hybrid funds

Who is eligible for UTI Mutual Funds?

UTI Mutual Funds can be availed by the following set of entities:

  • Residents
  • NRIs
  • Banking institutions
  • Insurance companies
  • Trusts
  • Partnership firms
  • HUFs
  • Pension funds
  • Foreign institutional investors
  • Companies
  • Public financial investors
  • Parents/legal guardians for investment on behalf of minors

Documents Required for UTI Mutual Funds

The following documents will be required for investment in UTI Mutual Funds:

  • Application form
  • ID proof
  • Address proof
  • KYC documents

How to invest in UTI Mutual Funds online?

There are three ways through which you can invest in UTI Mutual Funds. You can either walk into one of the company’s 149 financial centres across the country and do it manually, or invest through an investment financial advisor, or invest online. Investing in UTI Mutual Funds online is a quick and simple process. You can start investing from anywhere provided you have an internet connection for your device. Just visit the company’s website and follow the steps as follow:

  1. Click on ‘Start Investing Now’.
  2. Select a category (equity/debt/liquid) and select the scheme from the options at your disposal before clicking on ‘Go’ to transact.
  3. Fill the required applicant details such as name, email ID, telephone number, etc. and click on the check-box to agree to the terms and conditions. Then, click on ‘Save and Continue’.
  4. Fill in the investment, bank and nomination details as requested and click on ‘Submit’ to proceed.
  5. A confirmation screen will pop up, click on ‘Submit’ and proceed to make payment.
  6. Fill in your payment details after which you will receive an email containing your username and password in your registered email address after which you can start transacting.

Why Choose UTI Mutual Funds?

UTI has built itself a strong reputation over the past 50 years or so and is considered the leading financial service institution in the country. The company has contributed significantly to capital and industrial growth in India through its provision of quality financial products and services. The asset management company of UTI has an extensive portfolio of mutual funds that cater to the investment requirements of all sorts of investors. It also boasts 150 branches across the country and employs some of the most experienced and expert fund managers to help generate desirable returns.


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While it is not necessary to add a nominee, adding one is considered good practice as your investment can be claimed by your loved ones in case of your unforeseen demise.

Unlike life or health insurance policies that require only family members to be added as nominees or beneficiaries, mutual funds allow investors to add a maximum of three nominees, be it your family or friends. Trusts cannot be nominated unless they are charitable or religious. Even societies, partnership firms, body corporates, and Kartas of HUFs cannot be added as nominees.

In case you have chosen only one nominee, 100% of the mutual fund shall be allocated to him/her. If you have chosen more than one nominee, you will have to choose the percentage of the fund that will be allocated to each nominee.

In order to add a nominee, you will be required to furnish your nomination form at the closest Karvy Investor Service Centre or UTI Financial Centre. If you have multiple nominees, each of them must sign the form regardless of how much percentage of the fund they hold. Nominees can be changed or removed by sending a letter to the closest UTI Financial Centre. You can only change or remove nominees if you had originally nominated someone on a single or joint basis.

An exit load is a small fee charged by the mutual fund when an investor redeems units. In case you hold units of a mutual fund and wish to switch-out or redeem them, you may be charged a small amount based on the terms and conditions of the scheme. For example, a number of mutual fund schemes do not charge any exit load for redemptions after a year from the date of purchase of units. However, a fee of 1% of the applicable NAV is charged when redemptions are made within a year from the date on which the units were allotted.

A switch is basically an option offered by a mutual fund for investors to transfer their investment from one scheme to another scheme provided both schemes are part of the same fund. A small fee is charged for switches.