MF News UTI AMC gets best portfolio manager award from EPFO

UTI AMC gets best portfolio manager award from EPFO

EPFO invests 15% of its incremental deposits (fresh inflows) in the stock market through ETFs.

Team Cafemutual Nov 3, 2017

UTI won the best portfolio manager award from Employee Provident Fund Organization (EPFO).

The award was given during the EPFO’s 65th foundation day celebration held in Delhi on November 1, 2017.

Sumitra Mahajan, Speaker of Lok Sabha was the chief guest of the foundation day celebration while Santosh Kumar Gangwar, Labour and Employment Minister was the special guest. Leo Puri, MD, UTI AMC accepted the award on behalf of his company.

Earlier in 2015, EPFO mandated UTI Mutual Fund to manage 10% of its debt investible corpus.

Currently, EPFO manages a corpus of Rs.9.23 lakh crore.

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