Unit Trust of India - wikipedia Unit Trust of India This article has multiple issues. Please help improve it or discuss these issues on the talk page. ( Learn how and when to remove these template messages ) A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Wikipedia 's content policies, particularly neutral point of view. Please discuss further on the talk page. ( October 2017 ) This article may require cleanup to meet Wikipedia 's quality standards. No cleanup reason has been specified. Please help improve this article if you can. ( September 2009 ) UTI Mutual Fund Type Public company Industry Mutual fund Founded 1964 Headquarters Mumbai, Maharashtra, India Area served India, Japan, Singapore, London, Dubai and Bahrain Key people Managing Director Products Mutual Funds, NPS Services Portfolio Management Services ( PMS ) Subsidiaries UTI Asset Management Company, UTI International Limited, UTI Ventures Website www.utimf.com UTI Mutual Fund was carved out of the erstwhile Unit Trust of India ( UTI ) as a SEBI registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into -- Specified Undertaking of Unit Trust of India ( SUUTI ) ; and UTI Mutual Fund ( UTIMF ). UTI Mutual Fund is promoted by the four of the largest Public Sector Financial Institutions as sponsors, viz., State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank with each of them holding a 18.24 % stake in the paid up capital of UTI AMC. T Rowe Price Group Inc ( TRP Group ) through its wholly owned subsidiary T Rowe Price Global Investment Services Ltd. ( TRP ) has acquired a 26 % stake in UTI Asset Management Company Limited ( UTI AMC ). UTI Mutual Fund is the oldest and one of the largest mutual funds in India with over 10 million investor accounts under its 230 domestic schemes / plans as on September 30, 2017. UTI Mutual Fund has a nationwide distribution network, which is spread across the length and breadth of the country. Its distribution network comprises over 48000 AMFI / NISM certified Independent Financial Advisors, 302 Business Development Associates and 150 Financial Centers. UTI Mutual Fund has been the pioneer for launching various schemes viz. UTI Unit Linked Insurance Plan ( ULIP ) with life & accident cover ( Launched in 1971 ), UTI Mastershare ( Launched in 1986 ), India 's first Offshore Fund -- India fund ( Launched in 1986 ), UTI Wealth Builder Fund, the first of its kind in the Indian mutual fund industry combining different asset classes i.e equity and gold which are lowly correlated. See also Mutual funds in India References Jump up ^ `` T Rowe Price stake purchase in UTI AMC is value for money - Livemint ''. www.livemint.com. Retrieved 2017 - 10 - 24. Jump up ^ `` UTI Mutual Fund : Mutual Fund NAV, UTI Mutual Fund Schemes -- NDTVProfit.com ''. profit.ndtv.com. Retrieved 2017 - 10 - 24. External links Unit Trust of India History of Mutual Funds in India Retrieved from `` https://en.wikipedia.org/w/index.php?title=Unit_Trust_of_India&oldid=833059018 '' Categories : Mutual funds of India Government - owned companies of India Financial services companies based in Mumbai Companies established in 1963 Hidden categories : Wikipedia articles with possible conflicts of interest from October 2017 Articles needing cleanup from September 2009 All pages needing cleanup Cleanup tagged articles without a reason field from September 2009 Wikipedia pages needing cleanup from September 2009 Articles with multiple maintenance issues EngvarB from February 2017 Use dmy dates from February 2017 Pages using infobox company with unsupported parameters All articles with unsourced statements Articles with unsourced statements from December 2017 Talk About Wikipedia हिन्दी Edit links This page was last edited on 29 March 2018, at 13 : 02. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: under sebi rules which part of the divided uti is working as mutual fund
Answer: UTI Mutual Fund