UTI Mutual Fund new initiative to help investors
August 14, 2012 7:15am CST
Unit Trust of India Mutual fund is the largest mutual fund in India. They have come out with a new initiative. UTI has taken a new attempt with Times of India newspaper. I am giving the link http://www.indiainvestkaro.com/toi_pdf/TOIM_2012_8_14_14%20%281%29.pdf I think this will be of use for small investors in India.
• Anantapur, India
14 Aug 12
hi ravisivan, yes i know about UTI, now a days people are not seeing mutual fund, here the income is limited and even though promise the rate while on promoting the mutual fund ,after that they may change the interest rate or they may close the scheme, i have seen once UTI have done like that, so what is the difference in private and Govt mutual funds,so Govt also utilising the opportunity.
• Garden Grove, California
14 Aug 12
hi ravisivan although I am not a business person and am American I can see too how this could help small investors in india. from where I see it a lot of good things are happening in India. For me I am glad for anything that can help improve your country. me I am so glad I got back on the c omputer last night due to my wonderful son and a new video card. you never really appreciate something untilyou cannot use it. I missed everyone on mylot so much and was so bored althou gh I sure did a lot of reading and p lay ing bingo]with my friends here at Gold crest. but I a m so glad to be back.
14 Aug 12
Hatley aunty!! Hundred years madam ! just now I was sharing with another member that I am worried Hatley aunty has not come online for 2/3 weeks. great, you were not present because your computer was not alright. But I co-related with your ailment and I thought again you were not well. I searched Garden grove, california-I asked a few members about your whereabouts. Good. yes. aunty. UTI is doing a service to small investors and they have come out with a booklet and I thought it good to share with members. Aunty -- you have a lot of messages to reply. take care. thanks to your son for getting your computer back. It is strange that you could stay away from mylot for two weeks. you could have borrowed computer from other inmates and posted now and then. good day.
14 Aug 12
I think it depends upon which stage of your life you are. I couldnt exactly read the link because its size is not increasing but I will load it up there, and check on it. If we just make it a rule to set aside 10 percent of earnings from day one, initially in equities, then consolidate into home, and again equities, and then again condense some into fixed interest bearing securities and utilizing all tax savings options, we would do just fine. :) I did invest in UTI wealth builder. Market is down as of now, so nothing great to boast about as of now. But I think I will be fine by 2015 or 2016 or so. That is when I will sell those units and roll them over into fixed interest fetching securities or gold, whatever..:)