UTI Asset Mgmt Company Pvt. Ltd
UTI Asset Management Company Private Limited is a company incorporated under The Companies Act, 1956.
It has been appointed as the Asset Management Company of the UTI Mutual Fund by the Trustee in terms of Investment Management Agreement dated December 9, 2002 executed between UTI Trustee Company Private Limited and UTI Asset Management Company Private Limited.
The AMC was approved by SEBI to act as the asset management company for UTI Mutual Fund dated January 14, 2003. Out of the AMC's total paid-up capital of Rs.10 crores, 25% is held by each of the Sponsors.
The AMC apart from managing the schemes of UTI Mutual Fund will also manage the schemes transferred/migrated from UTI MF, in accordance with the provisions of the Investment Management Agreement, the Trust Deed, the SEBI (Mutual Funds) Regulations and the objectives of the schemes.
UTI AMC will be entering into a service agreement with the Administrator of the Specified Undertaking of The Unit Trust of India to provide back office support for business processes excluding fund management.
UTI AMC has been registered as a portfolio manager under the SEBI (Portfolio Managers) Regulations, 1993 on February 3 2004, for undertaking portfolio management services.
UTI International Ltd., a 100 % subsidiary of UTI AMC, registered in Guernsey, Channel Islands, and acts as manager to offshore funds and markets these offshore funds abroad.
Systems are in place to ensure that bank and securities accounts are segregated and there is no conflict of interest between the various activities undertaken by UTI AMC.
UTI Asset Management Company Private Limited is a company incorporated under The Companies Act, 1956.
It has been appointed as the Asset Management Company of the UTI Mutual Fund by the Trustee in terms of Investment Management Agreement dated December 9, 2002 executed between UTI Trustee Company Private Limited and UTI Asset Management Company Private Limited.
The AMC was approved by SEBI to act as the asset management company for UTI Mutual Fund dated January 14, 2003. Out of the AMC's total paid-up capital of Rs.10 crores, 25% is held by each of the Sponsors.
The AMC apart from managing the schemes of UTI Mutual Fund will also manage the schemes transferred/migrated from UTI MF, in accordance with the provisions of the Investment Management Agreement, the Trust Deed, the SEBI (Mutual Funds) Regulations and the objectives of the schemes.
UTI AMC will be entering into a service agreement with the Administrator of the Specified Undertaking of The Unit Trust of India to provide back office support for business processes excluding fund management.
UTI AMC has been registered as a portfolio manager under the SEBI (Portfolio Managers) Regulations, 1993 on February 3 2004, for undertaking portfolio management services.
UTI International Ltd., a 100 % subsidiary of UTI AMC, registered in Guernsey, Channel Islands, and acts as manager to offshore funds and markets these offshore funds abroad.
Systems are in place to ensure that bank and securities accounts are segregated and there is no conflict of interest between the various activities undertaken by UTI AMC.