VR Logo

UTI MF Starts Selling Through NSE

UTI Asset Management Company (AMC) became the first fund company to start selling its funds through the NSE. It made a modest start, as it sold units worth Rs 75 lakh to 300 applicants on day one.

UTI Asset Management Company (AMC) became the first fund company to start selling its funds through the NSE. It made a modest start, as it sold units worth Rs 75 lakh to 300 applicants on day one.

It has led to the Mutual Fund Service System (MFSS) facility to transact in mutual fund units on the National Stock Exchange (NSE) terminals operational.

UTI MF is offering 30 of its scheme to be traded in such a manner.

These terminals will be the official point of acceptance of transactions offering the advantage of the date of the transaction being the same as the date of entering the request on the terminal. Earlier, it lagged. Investors will also have the added benefit of obtaining the same day’s NAV (before 3 p.m.) at a large number of outlets i.e. more than 1,500 towns and cities, including remote locations.

Investors can get units allotted in the demat mode in addition to the existing physical mode as per their choice.

Another gain offered by the system to investors is that it will facilitate quicker settlement of transactions and give demat holders a single-window transaction facility.

The NSE has provided separate modules for entering purchase and redemption requests for UTI units to NSE brokers who are also mutual fund distributors.

Since the NSE has more than 150,000 terminals across 1,500 towns and cities, the tie-up will enable UTI MF to reach out to a greater number of investors.

“This new system will be an additional facility provided to investors and will work along with the existing distribution network,” said U.K. Sinha, Chairman and Managing Director, UTI AMC.

Ravi Narain, Managing Director and CEO of NSE, said on the occasion: "With the introduction of MFSS, both investors and MF industry will gain from the efficiency and transparency brought in by technology and the systems.”

UTI Mutual Fund has assets under management (average) (AAUM) of Rs 76,847.34 crore and investor accounts of over 9.79 million under its 75 domestic schemes (as of October 31, 2009).


What transactions of UTI MF are possible on the NSE terminal?

One can buy and sell units through the separate module developed by National Stock Exchange. NSE brokers who are also ARN holders (distributors)  will be given the facility to enter the requests  received from investors for purchase and redemption of UTI MF units.  

How do you transact to avail this facility?

One has to approach the authorized broker with whom one has to have a broking account. 

Which of the schemes of UTI MF can one invest under this facility?

These are the 30 schemes: 

1 UTI Mastershare

2 UTI Masterplus

3 UTI Equity Fund

4 UTI Contra Fund

5 UTI Top 100 Fund

6 UTI Infrastructure Fund

7 UTI Dividend Yield Fund

8 UTI Services Industries Fund

9 UTI Master Value Fund

10 UTI Mid Cap Fund

11 UTI Leadership Equity Fund

12 UTI MNC Fund

13 UTI Opportunities Fund

14 UTI Wealth Builder Fund II

15 UTI Banking Sector Fund

16 UTI Energy Fund

17 UTI Pharma & Healthcare Fund

18 UTI Transportation & Logistic Fund


20 UTI Variable Investment Scheme *

21 UTI Balanced Fund *

22 UTI Monthly Income Scheme *

23  UTI MIS Advantage Plan*

24  UTI Short Term Income Fund*

25  UTI G-Sec Fund - Investment Plan*

26  UTI G-Sec Fund – STP*

27  UTI Gilt Advantage fund*

28  UTI Bond Fund*

29  UTI Treasury Advantage Fund*

30  UTI Floating Rate Fund*

What are the advantages of transacting through NSE ? 

National Stock Exchange has more around 1,50,000 terminals across 1500 locations. The arrangement with NSE will facilitate quicker settlement of transactions and provide a single window to demat holders for their investments. The new facility provided by NSE will give more points of acceptance for the investors. Investors will have a choice to  receive units either in physical form in the form of SOA(as is being done in all mutual fund investments) or in the demat form just like shares of companies.  

What day’s NAV will be applicable  for my purchase /redemption requests under the arrangement with NSE?  

Applications accepted / entered in NSE system before 3 pm on a business day will be eligible for NAV of  that day. Applications received after 3 pm will be allotted NAV of the next business day.  

While purchasing units, in whose favor the cheque be drawn? 

The cheque should be drawn in favour of the broker to whom you are submitting the application. 

How many points of acceptance of  NSE are available to accept UTI MF application forms? 

Select brokers of NSE are authorized to accept investments and applications. The list is available at our UFCs and also in our website utimf.com 

Whether can I tender direct application forms using this facility? 

No. The applications submitted will have  the ARN code of the broker to whom one is tendering the application form. 

Whether one has a choice to hold units in physical form or demat form? 

The investor has a choice either to hold units in demat form or hold it physically, in which case a SOA will be issued.  

What are the advantages of maintaining mutual fund investments in demat form? 

Demat form will enable the investors to  hold UTI Mf units in electronic form leading to less paper work  and will be a single window for all of their UTI MF investments. 

 I hold DP account with the depository CDSL, can I hold units in demat form? 

No. If your DP account does not start with ‘IN’, you cannot apply for this mode. 

 Can I convert my existing units held in physical mode to Demat? 

Not now, but it will be allowed in future. Where do I submit my other requests like change of address, change of bank details, switchover, etc? 

If you are holding units in physical form, you can submit the requests at nearest UFC/ Karvy office. In case of Demat account, to your DP

Check Performances:

All UTI Funds