Hello sir I want to know How Unit Trust of India Works so here can you please tell me about its functions ?

Hey as per your demand here I am giving you details of functions of Unit Trust of India

About UTI
Unit Trust of India (UTI) is a statutory public sector investment institution which was set up in February 1964 under the Unit Trust of India Act, 1963.
It began operations in July 1964. It provides opportunity for small-savers to invest in areas where their risk is diversified.

Functions of UTI
To provide leasing and hire purchase business.
To extend portfolio management service to persons residing outside India.
To buy or sell or deal in foreign exchange dealings.
To formulate unit scheme or insurance plan in association with or as agent of GIC.
To invest in any security floated by the Central Government, RBI or foreign bank.
To accept discount, purchase or sell bills of exchange, promissory note, bill of lading, warehouse receipt, documents of title to goods etc.,
To grant loans and advances.
To provide merchant banking and investment advisory service.

Benefits of UTI
Dividends up to Rs. 1,000 received by the individual are exempt from income-tax.
There is a high degree of liquidity of investment as the units can be sold back to the trust at any time at prices fixed by trust.
The investment is safe and the risk is spread over a wide range of securities.
The Unit-holders will be getting regular and good income, as 90 percent of its income will be distributed.