UTI MUTUAL FUND

About UTI Mutual Fund

UTI Mutual Fund was launched after carving out the former Unit Trust of India by repealing the Unit Trust of India Act 1963. UTI was subsequently bifurcated into UTI Mutual Fund and SUUTI. It was registered with SEBI or the Securities and Exchange Board of India on 01 February 2003. UTI has four sponsors namely the State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank and the Bank of Baroda. It counts UTI Trustee Company Private Limited as the trustee.

Key Information of UTI Mutual Fund

UTI Mutual Fund has assets under management (AUM) of a huge Rs 1,55,190 crore as of September 2020.

How can you invest in UTI Mutual Fund?

• You may log on to the online platform cleartax invest to put money in mutual funds
• You must select UTI Mutual Fund from the list of mutual fund houses
• You then pick the mutual fund scheme where you plan to invest your money and click on Invest now
• You will have to enter the amount you plan to invest in the mutual fund scheme and the mode as One Time or Monthly SIP
• You will have to fill up the requisite details such as name, email address, mobile number and complete the transaction

Process and documents to invest in UTI Mutual Fund via ClearTax

You will have to complete your KYC (Know Your Customer) before putting money in mutual funds. You could log on to the website of a KRA (KYC Registration Agency) and create your account. You must fill up the KYC registration form with details such as email address, name, mobile number and other important data.

You may consider uploading your identity proof which could be the self-attested PAN Card and the self-attested address proof such as ration card, passport, Voter ID or driving license along with passport size photographs at the KRA (KYC Registration Agency). You may have to produce the originals for verification during IPV (In-Person Verification).