In a bid to widen the investor base and attract new investors, UTI Mutual Fund plans to reach out to over 10,000 financial intermediaries with access to about one crore investors in 51 cities across the country. Termed the ‘UTI MF Equity Yatra’, the fund house will target Tier-2 and Tier-3 cities in Punjab, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra, Goa, Karnataka, Kerala, Uttarakhand, Uttar Pradesh, Bihar, West Bengal, Jharkhand, Odisha, Andhra Pradesh, Tamil Nadu and North East.
Starting February 20, about 15 equity experts from UTI will tour the country addressing financial intermediaries on UTI’s investment philosophy, research process, portfolio construction, market outlook and trends in the industry.
Imtaiyazur Rahman, Acting CEO of UTI AMC, said it is an effort to spread knowledge on investments through investor education and also with the help of financial intermediaries.
“With 150 financial centres, over 50,000 independent financial advisors, 302 business development associates, and over one crore investor accounts, UTI is committed to work in the best interest of the investing class during all market cycles,” he added.
Vetri Subramaniam, Group President & Head - Equity, UTI AMC, said a clearly documented and articulated investment process is key to consistency in managing investors’ money over a long period of time.
“This is even more relevant today as we see investors commit to long-term investments through the SIP route,” he added.