VR Raghunath (5th minute) opened the scoring for UP Wizards from a penalty corner, while the other four goals came through field efforts in the last 10 minutes of the game from the sticks of SK Uthappa (53rd), Bob de Voogd (54th), skipper Wouter Jolie (55th) and Jeroen Hertzberger (60th).
For Lancers Russel Ford scored the consolation goal in the 58th minute.
UP Wizards have now climbed to the third spot in the standings with eight points from one win, one loss and one defeat while the Lancers are just below with six points.
Thereafter both the teams created a number of scoring chances in the second and third quarter, but none could find the final touch.
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But the match turned head on in the fourth and final quarter when UP Wizards struck thrice within three minutes to take control of the game.
The Lancers managed to pull one back two minutes from the hooter through Ford but UP Wizards restored their lead in the final minute when Hertzberger flawlessly converted a penalty stroke.
"It was really necessary for us to win the match today and I am glad that we succeeded in doing so. The team had a new captain in this match that turned out to be fruitful and I will keep rotating the captains in the future matches as well. This strategy seems to be working for us," he said.
Lancers coach Jude Felix termed his team's performance as "disappointing".
"It was a very disappointing performance today. We were in there till the third quarter of the match but the fourth quarter changed the entire game," he said.