UTI Asset Management
Company Ltd. (UTI AMC) was incorporated on November 14, 2002 and commenced operations from February 1, 2003. UTI AMC has been promoted by four sponsors, namely, State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank and each of them hold 25% of the paid up capital of UTI AMC. UTI AMC was converted from a private limited company to a limited company with effect from November 14, 2007.
On 20.01.2010 T.Rowe Price Group Inc. through its wholly owned subsidiary T.Rowe Price Global Investment Services Ltd. U.K.(TRP) acquired 26% stake in UTIAMC after obtaining all the requisite approvals from the Government of India, SEBI and the RBI. Directors representing TRP have been inducted on UTIAMC board.
UTI AMC is the investment manager to the schemes of UTI Mutual Fund.
It also manages offshore funds and provides support to the Specified
Undertaking of the Unit Trust of India.
It is the holding company for UTI Venture Funds Management Company
which manages venture funds and UTIInternational Ltd., which markets
offshore funds to overseas investors.
UTI AMC is a SEBI registered Portfolio Manager
bearing registration number INP 000000860 and
offers Discretionary, Non-Discretionary and Advisory services
to High Net Worth clients, Corporates and Institution |
