UTI celebrates 50 years of Pioneering Wealth Creation

India Infoline News Service | Mumbai |

50 years marks a major milestone in the history of UTI. To mark this occasion, UTI celebrated its 50th anniversary at NCPA, Mumbai on February 2, 2014.

On February 1, 2014, UTI has completed 50 years of its glorious journey in pioneering wealth creation and contributing to the growth of the financial sector.

50 years marks a major milestone in the history of UTI. To mark this occasion, UTI celebrated its 50th anniversary at NCPA, Mumbai on February 2, 2014.

The occasion was graced by Hon’ble Finance Minister, Shri P Chidambaram as the Chief Guest and Shri U K Sinha, Chairman, SEBI was the Guest of Honour. The function had an august gathering of dignitaries from the corporate and financial sector.
 
On this momentous occasion, the Hon’ble Finance Minister dedicated 101 new UTI Financial Centres to serve the investors of the country. Post the opening of these new Financial Centres, UTI will have 251 Financial Centres across the country.

During the function, the Hon’ble Finance Minister also unveiled UTI’s Coffee Table Book, which chronicles the eventful journey of UTI over the past 5 decades.

The former Chairmen of UTI, Shri G S Patel, Shri S A Dave, Shri Jagdish Capoor, Shri G P Gupta, Shri M Damodaran and Shri U K Sinha were felicitated in acknowledgement of their significant contribution in building this great Institution.

On the occasion, Hon’ble Finance Minister, P Chidambaram said, “UTI with its unique identity and well recognized brand will have to play a pioneering role in the Indian context as an Independent asset manager in contributing to the development and growth of Indian financial markets. I compliment UTI MF on completing 50 golden years and wish another 50 years and another 100 years and the best for the future”.  

Managing Director of UTI AMC, Leo Puri said, “On this Golden Jubilee year, the thrust of UTI will be to devise appropriate strategies that will improve all aspects of its functioning. UTI will work with a genuine concern to create a favourable environment that will benefit investors, intermediaries and the industry.”
 

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