UTI Mutual Fund Set to Launch UTI Balanced Advantage Fund on July 21

Surat Emerges Strong with Mutual Fund AUM of Rs. 30,279 Crore in May 2023


Surat : UTI Mutual Fund, a part of the  UTI Asset Management Company Limited, the pioneer of the Indian MF industry, is set to launch UTI Balanced Advantage Fund  to provide an asset allocation solution to the investors on July 21. This is a model guided asset allocation strategy that dynamically manage assets between equity and fixed income.

The Indian Mutual Fund industry has grown twice its size over the past 5 years where the Assets Under Management (AUM) for the industry has increased from ₹ 8.11 lakh crore in June 2018 to ₹ 44.39 lakh crore in June 2023.

For Surat as a T30 city, the total industry AUM is at Rs. 30,279 crore in May 2023.

The mutual fund growth story in the country is expected to be driven further by the overall pick up in the economy, higher disposable income and thus higher investible household surplus.

UTI Asset Management Company Limited has been contributing to the development of the capital markets in the country for about six decades now. With its domestic mutual fund quarterly average AUM being ₹ 2.48 lakh crore as on June 30, 2023, it is the eighth largest mutual fund house in the country with its presence across the length and breadth of the country through a dense network of UTI Financial Centers (UFCs), mutual fund distributors and district associates.

The UTI Balanced Advantage fund will be managed by Mr. Sachin Trivedi (Equity) & Mr. Anurag Mittal (Fixed Income).

Mr. Sachin Trivedi, Head of Equity Research and Fund Manager, UTI AMC commenting on the growth of mutual fund investors said, “Investors often make investment decisions based on sentiments than valuations, leading to compromising the returns. An asset allocation strategy that is based on valuation driven model and dynamically rebalances portfolio across equity & fixed income can help investors overcome their psychological barriers.”

Fund houses are constantly looking to leverage their expertise in investment management and technology to enhance their product offerings and distribution outreach.

With the rising financialization of household savings and financial literacy, investors are now more aware of the risks and volatility associated with investments in the markets and look to diversify their investments across asset classes to have an optimal allocation. However, investors face challenges in asset allocation and portfolio rebalancing as per the changing market dynamics.