The clarification is as follows:
1, Data uploaded on UTI website indicates Average AUM figures, however the article has used the nomenclature as “AUM”.
2. Under Equity Category, UTI MF’s Direct Plan AUM as % of Total AUM constitutes to 0.27%
3. Total Equity Sales since introduction of Direct Plan – Rs.9129.69 crore
4. Total Equity Sales under Direct Plan since introduction of Direct Plan – Rs.881.96 crore
5. Direct Plan Sales as a % of Total Sales – 9.67% (this includes institutional sales)
6. Equity Direct Plan for Retail Investors as % of total sales 2.69 %
7. The data which is shown under Direct Plan AUM on UTI website also includes data which pertains to historical AUM of invalid ARNs and wrong ARNs which exists prior to introduction of Direct Plan. Hence, it may be incorrect to compare the figures uploaded on UTI website under Direct Plan AUM to arrive at a figure of 88% of retail participation in Direct Plan of Equity Funds.
