UTI

Fund review: UTI Large Cap Fund

The fund aims to generate long-term capital growth by primarily investing in large and midcap stocks

LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs

Known for his successful efforts in restructuring the erstwhile Unit Trust of India into UTI AMC and Specified Undertaking of UTI (SUUTI), Meleveetil Damodaran chaired Sebi from Feb 2005 to Feb 2008

Company says it's returning to profit after takeover by Dhanuka Laboratories under insolvency resolution

The month-end assets under management of the fund stood at Rs 7,203 crore as of December 2021, up from Rs 2,573 crore in December 2018.

Systematic investment plan is a disciplined mode of investing in mutual funds, through which one can invest a certain amount at regular intervals

Bombay HC recently dismissed the case citing delay in filing

The divestment, it said, has been approved to comply with Regulation 7B of the Securities and Exchange Board of lndia (Mutual Funds) (Amendment) Regulation, 2018

T Rowe had alleged that conditions had been created to delay the selling of stake as required by regulatory norms

The market regulator may not give blanket exemption and could ask the sponsors for partial divestment by March next year

The five-shareholder arrangement has not worked for UTI thus far. It took more than two years for the AMC to appoint a new chief after UK Sinha left the firm in February 2011