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  • News From Press UTI Mutual Fund top boss, employees highest paid in industry

    UTI Mutual Fund top boss, employees highest paid in industry

    Source: Economic Times May 10, 2017

    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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    2 Comments
    tdevendra · 7 years ago `
    while there is no cap for some, the IFA's are inspite of bearing the bringing the corpus, are left in lurch with all sort of compounding restrictions. saner sense should prevail-sadbhavana
    SUNIL KADAM · 7 years ago `
    It's a picture shown one sided only. Only top 30 uti OFFICIAL including MD mr Puri and his stalwart who are responsible for ranking of uti from no. 1 to 6 are getting 95% of the slalary. Now they are trying to tell average salary of uti employee is 20 lakh is a big LIE. There is unrest in uti officers whose salaries are not revised since last 15 years. Officers who have completed 25 yrs getting below a llakh.
    RECRUITMENT in the name of Market talent employees with no credentials were appointed without any transparency. Just loot of public money is going on by TRP agents who knows the language of IPO AND LISTING. They never brought big money and never contributed to SOW.
    GOI MUST TAKE REMEDIAL ACTION I DEMAND AS PATRON OF SCSTOBC WELFARE ASSOCIATION.
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