UTI Mutual Fund opens a New Financial Centre at Noida
UTI Mutual Fund (UTI MF) today announces the opening of a new UTI Financial Centre (UFC) at Noida. The new UFC will be located at J-26, Ground floor, Near Centre Stage Mall, Sector 18, Noida (telephone no.0120-2512311).
/Finance News Articles/ - NOIDA, INDIA, May 10, 2008 - UTI Mutual Fund (UTI MF) today announces the opening of a new UTI Financial Centre (UFC) at Noida. The new UFC will be located at J-26, Ground floor, Near Centre Stage Mall, Sector 18, Noida (telephone no.0120-2512311).
On the occasion, Mr. D Mohanty, Country Head-Retail, UTI Asset Management Company Limited ("UTI AMC") said, "Our distribution expansion is in-line with our strategy of making our products and services easily accessible to our retail investors."
The new UFC will cover the areas of Noida and Greater Noida.
UTI Mutual Fund reaches clients through a number of distribution channels, including retail distribution consisting of regional offices, UTI Financial Centres, satellite offices, district representatives and collection centres, and independent financial advisors. Other distribution channels consist of institutions, private and foreign banks, PSU banks and post offices and corporate distribution houses.
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India The total assets under management ("AUM") equalled Rs. 495,418 million, as of September 30, 2007 and have approximately 8.1 million client accounts.
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"UTI AMC is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Draft Red Herring Prospectus with SEBI. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at www.jmfinancial.in, www.citibank.co.in, www.enam.com, www.gs.com/country_pages/india, www.ibb.ubs.com/Corporates/indianipo, www.icicisecurities.com, www.sbicaps.com and www.india.clsa.com. Potential investors should refer to the DRHP for Risk Factors and other information. This advertisement is restricted and not for publication or distribution in or into the United States. This advertisement is not for offer or sale in or into the United States of any equity shares or any other security of the company. The securities of the company have not been and will not be registered under the US Securities Act of 1933, as amended from time to time and may not be sold in the United States absent registration under US securities laws or an exemption from such registration. There will be no public offering of any equity shares or any other security of the company in the United States."
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Registered Office: UTI Tower, 'Gn' Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Statutory Details: UTI Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Sponsors: The State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India. (Liability of sponsors limited to Rs. 10,000/-) Trustee: UTI Trustee Co. (P) Ltd. (Incorporated under the Companies Act, 1956) Investment Manager: UTI Asset Management Co. (P) Ltd. (Incorporated under the Companies Act, 1956). Risk Factors: All investments in Mutual Funds and securities are subject to market risks and the NAV of funds may go up or down depending on the factors and forces affecting the securities markets. Past performance of the Sponsor / Mutual Fund / Scheme(s) / AMC is not necessarily an indicative of future results. The names of the plans/schemes of UTI Mutual Fund do not in any manner indicate their quality, future prospects or returns. There can be no assurance that the scheme objectives will be achieved. There may be instances where no Income Distribution could be made. Realisation of all assurances and promises made, if any are subject to the laws of the land as they exist at any relevant point of time. The schemes are subject to risks relating to Credit, Interest rates, Liquidity, Securities Lending, Investment in Overseas markets, Trading in Equity and Debt derivatives (the specific risk could be Credit, Market, Illiquidity, Judgemental Error, Interest Rate Swaps and Forward Rate Agreements). Please read the Offer Document carefully and consult your Financial Advisor before investing.
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