UTI Mutual Fund eyes Rs 4 lakh crore AUM by FY18 end

The company plans to introduce three more equity focused funds before the end of this financial year

Leading asset management company UTI Mutual Fund is targeting assets under management (AUMs) of Rs 4 lakh crore by the close of 2017-18. If achieved, the AUMs would grow by eight per cent over last financial year's figure of Rs 370,000 crore.

"Market conditions, UTI Mutual Fund's strength and the investor camps that we plan to hold would help achieve our target in AUMs. Our mutual fund assets are expected to rise from Rs 1.54 lakh crore to Rs 1.75 lakh crore by the end of this financial year", said Debashish Mohanty, President and country head (retail) and head (investor service