What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

UTI Mutual Fund: Latest Schemes, NAV, Returns 2023

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May 10, 2023

5 Minutes

UTI Mutual Fund: Your Trusted Investment Partner

UTI Mutual Fund, established in 2003 post the bifurcation of the Unit Trust of India, has emerged as a stalwart in the Indian financial market. Regulated by SEBI, it boasts strong backing from major PSU banks, including State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India.

Key Highlights of UTI Mutual Fund:

Robust Management: Managed by UTI Asset Management Company Ltd., UTI Mutual Fund benefits from the support of four prominent PSU banks and the T Rowe Price Group Inc.

Vast Investor Base: With nearly 11 million investors and an impressive Asset under Management (AuM) of approximately Rs 23372 Crores, UTI Mutual Fund stands as the eighth largest mutual fund house in India.

Extensive Distribution Network: Boasting a distribution network of over 50,000 certified Independent Advisors and 200 full-time Financial Service Centres, UTI Mutual Fund ensures accessibility across diverse regions.

Diverse UTI Mutual Fund Schemes:

UTI Mutual Fund offers a spectrum of funds tailored to different risk appetites and investment goals. Some noteworthy options include:

UTI Medium to Long Duration Fund: Moderate risk debt fund with a 1-year return of 6.8%.

UTI Aggressive Hybrid Fund: Highly risky hybrid fund with a 1-year return of 15.1%.

UTI Liquid Fund: Moderate risk debt fund with a 1-year return of 7.0%.

UTI Large & Mid Cap Fund: Highly risky equity fund with a 1-year return of 18.1%.

UTI Nifty 50 Index Fund: Highly risky equity fund tracking Nifty 50 Index with a 1-year return of 7.4%.

Expert Fund Managers at UTI:

UTI Mutual Fund owes its success to accomplished fund managers:

Mr. Ajay Tyagi: Executive Vice President and Fund Manager of Equity, bringing a wealth of equity research and funds management experience.

Mr. Kausik Basu: Executive Vice President and Fund Manager of Equity, boasting 32 years of knowledge and achievements.

Mr. Ritesh Nambiar: Senior Vice President and Senior Fund Manager, credited with successful product creations like Ultra Short Term and Medium Term Mutual Funds.

Mr. Sharwan Kumar Goyal: Vice President and Chief Fund Manager of Equity, with over 11 years of experience in risk management and equity.

In conclusion, UTI Mutual Fund stands as a beacon of trust in the Indian market. With a range of funds, adept fund managers, and a robust distribution network, it provides investors with tailored solutions. Leverage the expertise of UTI Mutual Fund through Groww and embark on your investment journey today!