Sponsors

Submitted by gangu on Tue, 06/06/2023 - 19:13
  • 2 views
Sponsors Details
Image
Sponsors
Description
  • UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a SEBI registered mutual fund from 1st February 2003.
     
  • The Unit Trust of India (Transfer of undertaking & Repeal) Act 2002 was passed by the Parliament, paving way for the bifurcation of UTI into – Specified Undertaking of Unit Trust of India (SUUTI); and UTI Mutual Fund (UTIMF).
     
  • State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank are the sponsors of UTI Mutual Fund. 
     
  • The sponsors are neither responsible nor liable for any loss resulting from the operation of the scheme beyond the contribution of Rs.10,000/- made by them towards setting up the Mutual Fund.
     
  • T Rowe Price Group Inc (TRP Group) through its wholly owned subsidiary T Rowe Price International Ltd.
     
  • (TRP) has acquired a 26% stake in UTI Asset Management Company Limited (UTI AMC). TRP presently holds 23% stake in UTI AMC.
Sponsor Logos