UTI Mutual Fund has launched ‘UTI MF Equity Yatra,’ which aims to reach out to over 10,000 financial intermediaries in 51 cities across the country. UTI Mutual Fund will be targeting tier II and tier III 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.
These intermediaries have access to around 1 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 explain concepts like ‘What the Fund Managers do?’ and their approach to wealth creation, and bringing transparency about their investment processes. The ‘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 guidance at the time of market volatility. Imtaiyazur Rahman, Acting CEO of UTI AMC, said, “UTI believes in democratising access to the prosperity of capital market so that a common investor of the country can benefit from the growth of the economy. This can happen by spreading knowledge on Investments through investor education and also with the help of financial intermediaries.”