How to Invest in UTI Mutual Funds
Investors have thousands of mutual funds available in a worldwide market that gives investors many options to create diversified and well-rounded portfolios that suit unique needs and goals. UTI Mutual Funds is a group of funds established in 2003 referring to the "Unit Trust of India." UTI has an international network with 143 financial centers offering the investment worldwide. Investing in UTI Mutual Funds requires purchasing it from a registered agent.
Other People Are Reading
Instructions
-
-
1
Locate a brokerage firm that is able to offer the international fund. Ask your existing broker if he is able to purchase the funds for you or do an online search for "UTI Fund Registered Representatives."
-
2
Open and fund a brokerage account that allows UTI Mutual Fund purchases. You can fund the account with a check or electronic funds deposit, liquidating other investments or transferring assets from another brokerage account.
-
-
3
Choose which UTI fund you want to purchase. The fund has nearly 50 funds in differing risk categories to choose from including banking sectors, energy sectors or balanced portfolios.
-
4
Place the buy order for the fund. If you have a broker, this can be done over the phone and you will be given a confirmation number for the transaction. If you are using an online brokerage firm, you will follow the on-screen prompts to purchase the fund. Contact customer support if you have any difficulties.
-
5
Review the confirmation information mailed to you once the transaction is complete to make sure the correct amount was purchased in the correct fund.
-
1
Tips & Warnings
UTI Mutual Funds come in various investment classes: A shares, B shares and C shares. A shares pay an upfront fee when buying. B shares pay a fee when you sell. C shares pay no fees upon purchase or sale but do have higher annual management fees.
Mutual funds involve risk and are not guaranteed. Expect to see fluctuations in principal. Always check the terms and conditions of the mutual fund to know any fees associated with buying and selling specific share-classes of the fund.
