UTI AMC Company Info
UTI Asset Management Company Limited was carved out of the erstwhile Unit Trust of India as a Securities and Exchange Board of India (SEBI) registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of Unit Trust of India into: Specified Undertaking of Unit Trust of India and UTI Mutual Fund.
It 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 of 30 September 2017.
It 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 and 174 Financial Centers.
It has been the pioneer for launching various schemes viz. Unit Linked Insurance Plan (ULIP) with life and accident cover (Launched in 1971), Mastershare (Launched in 1986), India’s first Offshore Fund – India fund (Launched in 1986), 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.
Proceeds from the IPO will be used:
- To meet business working capital requirements
- To meet the general corporate purpose
- To meet IPO issue expenditures
UTI AMC IPO Dashboard
|Issue Size||2159.88 Cr|
|Face Value||10/- per Equity Share|
|IPO Price||552 – 554|
Lot Size and Price
|Initiation of Refunds||08/10/2020|
|Credit of Shares||09/10/2020|
Investor Quota and Shares Offered
|Investor Type||Quota||Shares on Offer|
Final Subscription Status
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