The Unit Trust of India (UTI), the original pioneer of mutual funds (MFs) in the country, may have lost its leadership position to private sector peers. But the fund house's top honcho and its employees are now the best paid in the MF industry. Leo Puri, MD and CEO of UTI MF, was the highest paid executive in the MF industry in 2016-17. He took home Rs 7.07 crore as annual salary (fixed and variable pay) during the year, a 23% increase compared with the previous fiscal, pipping Milind Barve, the MD and CEO at HDFC MF, the highest paid executive in 2015-16.
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