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It also manages pension funds in India and currently has an investor base of more than 12 million live folios. UTI Mutual Fund has a nationwide reach through its distribution channels. It currently operates more than 190 branches across the country. As of 2024, UTI AMC has an Assets Under Management (AUM) of Rs.15.56 lakh crores.
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
The valuation of the assets and liabilities of an open-ended fund is therefore very important to investors. If the NAV in the above example had, with the same assets, been calculated as $160 million (and the NAV per share as $160), the investor would have been given 250,000 shares and would become entitled to 1/5 of the fund's value.
A unit trust is a form of collective investment constituted under a trust deed. A unit trust pools investors' money into a single fund, which is managed by a fund manager. Unit trusts offer access to a wide range of investments, and depending on the trust, it may invest in securities such as shares, bonds, gilts, [1] and also properties, mortgage and cash equivalents
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A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
An investor will generally purchase shares in the fund directly from the fund itself, rather than from the existing shareholders. The term contrasts with a closed-end fund , which typically issues at the outset all the shares that it will issue, with such shares usually thereafter being tradable among investors.
By December, Daniels debuted her Lazy Investor’s Course where 91 people signed up to get access for $379 each — a nearly $35,000 launch. Just over two years later, the self-paced Lazy Investor ...