Panaji, Feb 25 : UTI Mutual Fund has launched a Unique initiative – “UTI MF Equity Yatra” which aims to reach out to over 10000 Financial Intermediaries in 51 cities across the country.
UTI will be targeting Tier II and Tier III cities in the States of Punjab, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra, Goa, Karnataka, Kerala, Uttarakhand, Uttar Pradesh,Bihar, West Bengal, Jharkhand, Odisha, Andhra Pradesh,Tamil Nadu and North East. These intermediaries have access to around one crore investors in the country.
During the ten days of UTI MF Equity Yatra starting February 20, 15 Equity Experts from UTI will tour the country addressing the financial intermediaries on UTI’s investment philosophy, research process, portfolio construction, market outlook and trends in the mutual fund industry and seeking to reinforce their belief in the role of equity class in creation of long term wealth for their investors.
UTI MF Equity Yatra is a platform to bring forth the concepts of ‘What the Fund Managers do?’ and also to explain their approach to wealth creation, thereby bringing about transparency about their investment processes. This ‘Equity Yatra’ is an effort of the fund house to increase its engagement with the financial intermediaries and through them to reach out to investors who need right guidance at the time of market volatility.
Speaking to media here on Monday, Swati Kulkarni, Fund Manager, 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. During the Yatra we will highlight our proprietary process and emphasize the behavioural gaps that could impact investor experience.”
“With 150 Financial Centres, over 50,000 Independent Financial Advisors (IFAs), 302 Business Development Associates and over 1 crore investor accounts, UTI is committed to work in the best interest of the investing class during all market cycles,” she added UNI