UTI Mutual Fund is the oldest fund house of the country with its own share of legacy issues. Leo Puri, who joined the Rs.1.30 lakh crore asset management company as Managing Director in August 2013 says that he is trying hard to resolve the legacy issues and also project the house as modern, progressive and successful. Edited excerpts:
It has been three years since you took over. How has been the journey till date?
It has been very satisfying on both aspects - watching the markets develop and the institution as well. Both have come a long way in three years. UTI MF has been going through its own transformational journey and responding very well to it. Our performance and position has strengthened.
When compared to peers, how has UTI MF grown in terms of profitability?