UTI MF celebrates golden jubilee year with bell ceremony at NSE

UTI is the oldest and one of the largest mutual funds in India. UTI has been the pioneer for launching various schemes viz

February 11, 2014 9:34 IST | India Infoline News Service
UTI has completed 50 years of its glorious journey in pioneering wealth creation. 50 years marks a major milestone in the history of UTI. The momentous occasion was celebrated today with an opening bell ceremony at the National Stock Exchange (NSE) in the presence of Leo Puri, Managing Director, UTI AMC and Chitra Ramkrishna, MD & CEO of NSE.
UTI is the oldest and one of the largest mutual funds in India. UTI has been the pioneer for launching various schemes vizUTI Unit Linked Insurance Plan, UTI Mastershare (India’s first equity scheme), India’s first Offshore Fund – India fund, UTI Wealth Builder Fund-Series II, the first of its kind in the Indian mutual fund industry combining different asset classes i.e equity and gold. UTI has also launched, in partnership with the Ministry of Corporate Affairs, Government of India one of the largest investor education programmes in the country under the name ‘Swatantra’.

On the occasion, Leo Puri, MD, UTI AMC said, “It was more than 50 years ago that the Government of India took the lead in formation of UTI.  Even today, UTI stands committed towards millions of investors belonging to different segments with diverse requirements.  Being fully aware of their aspirations and the trust they have reposed in UTI over the years, UTI will strive to continuously rise and meet the expectations of the investors. UTI firmly believes that satisfaction of the investor is the foremost factor in enabling success and growth.”

Chitra Ramkrishna, MD & CEO, NSE said, “UTI is a symbol of the way the financial markets have grown in India over the last 50 years. If we talk of the institutions that have been pillars of development of financial markets, UTI ranks very high above them.”
On February 2, 2014, UTI celebrated its Golden Jubilee at NCPA, Mumbai wherein the Hon’ble Finance Minister, who was the Chief Guest for the function, 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.

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