The Mutual Fund Industry in India was started in 1963 with the formation of Unit Trust of India, at the initiative of the Government of India and Reserve Bank of India.

UTI Equity Fund has won the Morningstar India Fund Awards 2013 in the Best Large Cap Equity Fund Category.

UTI Short Term Income Fund winner of Business World's survey of the Best Performing Mutual Funds in the Debt: Short Term category.

UTI Mutual Fund is promoted by the four of the largest Public Sector Financial Institutions as sponsors, viz., State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank with each of them presently holding an 18.5% stake in the paid up capital of UTI AMC.

Besides running domestic MF Schemes UTI AMC is also a registered portfolio manager under the SEBI (Portfolio Managers) Regulations. It runs different portfolios for its HNI and Institutional clients.

It is also running a Sharia Compliant portfolio for its offshore clients. UTI tied up with Shinsei Bank of Japan to run a large size India-centric portfolio for Japanese investors.

For its international operations it has set up its 100% subsidiary, UTI International Limited, registered in Guernsey, Channel Islands.

It has branches in London, Dubai and Bahrain. It has set up a Joint Venture with Shinsei Bank in Singapore. The JV has got its license and has started its operations.

In the area of alternate assets, UTI has a 100% subsidiary called UTI Ventures at Bangalore. It runs two successful funds with large international investors being active participants.

It has also launched a Private Equity Infrastructure Fund along with HSH Nordbank of Germany and Shinsei Bank of Japan.

UTIMF has consistently reset and upgraded transparency standards. All the branches, UFCs and registrar offices are connected on a robust IT network to ensure cost-effective quick and efficient service. All these have evolved UTIMF to position as a dynamic, responsive, restructured, efficient and transparent entity, fully compliant with SEBI regulations.