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Posts Tagged ‘UTI’

A step by step guide to first financial plan

Prabu was a college student till yesterday. Today he has got a job. He has changed his costume from T-shirt and jeans to a formal wear with a tie.

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Mutual Funds

Mutual funds have been a significant source of investment in both government and corporate securities. It has been for decades the monopoly of the state with UTI being the key player, with invested funds exceeding Rs.300 bn.

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UTI Mutual Fund to open 200 branches across the country by next fiscal

UTI Mutual Fund is all set to open around 200 branches across the country by March, next fiscal.

The company aims to further expand its distribution network from 97 UTI Financial centers to 200 centers covering around 422 districts.

According to the company, it will open new UTI Financial Centre in Anantnag, Baramulla, Doda, Jammu, Kathua, Kupwara, Kargil, Ladakh, Poonch, Pulwama, Rajouri, Srinagar and Udhampur, to focus on service sector in Jammu and Kashmir.

The latest move is in line with company’s strategy of making its products and services easily accessible to its clients.

UTI Mutual Fund is a SEBI registered mutual fund whose sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

UTI Mutual Fund has assets under management of Rs 46,947.32 crore under its 95 domestic plans as of August 31, 2008.

UTI Mutual Fund to continue selling ULIP

UTI Mutual Fund today said it will continue selling Unit Linked Insurance Product (ULIP) to its customers even though there is no clarity on the issue of fund houses selling such products.

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Older mutual funds mean better returns?

Old Mutual FundsKeeping an eye on daily finance news and tips, I’ve realized something: of late, many companies have set up mutual fund houses in order to capitalize on India’s booming economy.

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