Country’s sixth largest fund house UTI Mutual Fund is aiming to double its assets under management (AUM) for each of its two existing schemes through a new facility called UTI Family.
The fund house has introduced the facility UTI Family (Father and Mother I Love You) under the growth option of its existing schemes, MIS Advantage Plan and Wealth Builder Fund, to provide regular pay-out to the parents.
A mutual fund is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers , who invest the fund''''''''''''''''''''''''''''''''s capital and attempt to produce capital gains and income for the fund''''''''''''''''''''''''''''''''s investors. A mutual fund''''''''''''''''''''''''''''''''s portfolio is structured and maintained to match the investment objectives stated in its prospectus.
One of the main advantages of mutual funds is they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities. Each shareholder, therefore, participates proportionally in the gain or loss of the fund. Mutual funds invest in a wide amount of securities, and performance is usually tracked as the change in the total market cap of the fund, derived by aggregating performance of the underlying investments.
Know more about PMS
Know more about PMS
High inflation often impacts the savings of individuals. In view of the same, generating “market-linked” returns over a longer period of time is critical for meeting our goals. Mutual Fund schemes in this category are positioned with an objective to produce “market-linked” returns over a period of time. Invest into Equity Funds, Gold Funds and Hybrid / Balanced Funds which are positioned to help you create wealth and generate returns.
In today’s competitive and rapidly changing world, we face a lot of financial uncertainties. The employment and business opportunities that are available are constantly evolving, and may result in fluctuations in our income. In such a scenario, sensible investment in Mutual Funds can open up other sources of income, which would reduce our dependence on purely our salary or business profits and help us manage the financial uncertainty in our lives. Invest in short term and long term Mutual Funds with an objective to generate less volatile returns.
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