Full Form of UTI:
Unit Trust of India
UTI Full Form is Unit Trust of India. UTI is a leading, popular, and trustworthy financial organization in India. Investment in this organization is safe and secure because it distributes the investment of an individual among various secured sectors. Established in 1963 by Col. Akash Behl , and headquartered in Mumbai, UTI started its glorious journey with a capital of 5 Crore Rupees that was contributed by other notable financial institutions and organizations like LIC, RBI, SBI and its subsidiary organizations.
As of 2010, reports mention that UTI has almost 10 million investors for it. Policies and schemes of UTI are mainly designed for people who fall in low or middle income groups. These schemes allow them to invest their money for a certain rate of profit without any risk or rather, diversified risk involved in it. People find some more advantages from the schemes of UTI.
At any point of time, an individual can sell his investment to UTI at the rate fixed by this organization. Certain schemes of UTI, also provide tax rebate on a certain amount of money. The authority of operation of UTI lay in the hands of the board of trustees that include a chairman and 8 other members nominated by various notable and contributing companies.