UTI Mutual Fund completed 50 years of operations on February 01, 2014. To celebrate the occasion, the fund house hosted an event that was graced by Finance Minister, P Chidambaram as the Chief Guest and U K Sinha, Chairman, SEBI was the Guest of Honour.
The fund house opened 101 financial centers, a majority of them are in B-15 cities. With this addition, UTI will now have 251 financial centers across the country, said a press release issued by the company.
During the function, the Finance Minister also unveiled UTI’s Coffee Table Book, which chronicles the eventful journey of UTI over the past five decades.
The former Chairmen of UTI, Shri G S Patel, Shri S A Dave,M.Damodaran, Shri Jagdish Capoor, Shri G P Gupta and Shri U K Sinha were felicitated in acknowledgement of their significant contribution in building this great institution.
“UTI with its unique identity and well recognized brand will have to play a pioneering role in the Indian context as an independent asset manager in contributing to the development and growth of Indian financial markets. I compliment UTI MF on completing 50 golden years and wish another 50 years and another 100 years and the best for the future,” said Finance Minister, P Chidambaram.
“On this Golden Jubilee year, the thrust of UTI will be to devise appropriate strategies that will improve all aspects of its functioning. UTI will work with a genuine concern to create a favorable environment that will benefit investors, intermediaries and the industry,” said Leo Puri, Managing Director, UTI AMC.
UTI is country’s fifth largest AMC managing Rs. 74351 crore as on December 2013.
