UTI meaning in Banking ?

Answer:

What is Unit Trust of India mean?

UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India (SEBI) registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into: Specified Undertaking of Unit Trust of India (SUUTI) and UTI Mutual Fund (UTIMF).

T Rowe Price Group Inc (TRP Group), through its wholly owned subsidiary T. Rowe Price Global Investment Services Ltd. (TRP), has acquired a 26% stake in UTI Asset Management Company Limited (UTI AMC).

UTI Mutual Fund is the oldest and one of the largest mutual funds in India with over 10 million investor accounts under its 230 domestic schemes/plans as of September 2017.

UTI Mutual Fund has a nationwide distribution network, which is spread across the length and breadth of the country. Its distribution network comprises over 48000 AMFI/NISM certified Independent Financial Advisors and 174 Financial Centers.

UTI Mutual Fund has been the pioneer for launching various schemes viz. UTI Unit Linked Insurance Plan (ULIP) with life and accident cover (Launched in 1971), UTI Mastershare (Launched in 1986), India's first Offshore Fund – India fund (Launched in 1986), UTI Wealth Builder Fund, the first of its kind in the Indian mutual fund industry combining different asset classes i.e. equity and gold which are lowly correlated.

reference

Full Form	Category
Universal Technical Institute	Academic
Universal Tech Institute	Academic & Science
Uptime Institute	Academic & Science
Kouvola	Airport Code
Unit Trust of India	Banking
U T I Energy Corporation	Business
Underground Technologies Incorporated	Business
Uchebno Trenirovochny Istrebitel	Business
Uncommon Thread, Inc.	Business
United Technical Institute	Community
User Task Interface	Computing
Utility Technologies International	Computing
Universal Text Interchange	Computing
Universal Text Interface	Computing
Universal Transaction Identifier	Computing
Universal Timing Interface	Computing
Urinary Tract Infections	General
Uniform Type Identifier	General
Unidade de Terapia Intensiva	General
Univl Tech Inst	General
Uniform Type Identifiers	General
Urinary Track Infections	General
Urinary Tract Including	General
Ullage Temperature Interface	General
Urban Transformation Innovations	General
Unique Transaction Identifier	General
Umibig Tapos Iniwan	General
Urgent Technical Instruction	General
Uchebno Tretirovochnyy Istrebitel	General
Upholstery and Trim International	General
Universal Trucks Israel	General
Uber Technologies Inc.	General
Unit De Transport Intermodale	Governmental
Urinary Tract Infection	Medical
Under The Influence	Medical
Uchebno-tretirovochnyy Istrebitel (russian: Fighter Trainer)	Military and Defence
Universal Transport Interface	Softwares
Ultrasound Tongue Imaging	Technology
Union Internationale Des Telecommunications	Telecommunication