Top 10 Uti Mutual Funds
| Fund Name | Category | 1Y Returns |
|---|---|---|
| UTI Hybrid Equity Fund | Hybrid | 46.4% |
| UTI Mid Cap Fund | Equity | 76.4% |
| UTI Mastershare Unit Scheme | Equity | 49.3% |
| UTI Long Term Equity Fund (Tax Saving) | Equity | 57.9% |
Keeping this in consideration, how do I redeem my UTI Mutual Fund?
In case the User desires to redeem, he/she has to approach his/her depository participant and submit necessary form/s. As an alternative, redemption request can be placed through depository participants & Exchanges specified intermediaries where NSE MFSS/ BSE STAR platform is available for trading of mutual fund units.
- A.Fill up the NPS Application form with Black INK and deposit it along with the Additional Contribution Slip form to the nearest UTI Branch office.
- B. Documents to be attached along with the NPS Application Form.
Keeping this in view, what is SBI pension fund scheme?
National Pension System (NPS), administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA), is a voluntary, defined contribution retirement savings scheme. Its ultra-low cost (0.01% p.a; lowest management fee in world), flexible, simple, & portable retirement solution.
Is UTI Mutual Fund tax free?
Tax issues concerning Mutual Fund : UTI Mutual Fund is a Mutual Fund registered with SEBI and as such is eligible for benefits under section 10 (23D) of the Income Tax Act, 1961 (“the Act”) to have its entire income exempt from income tax.
Can I withdraw money from mutual fund anytime?
An investment in an open end scheme can be redeemed at any time. Unless it is an investment in an Equity Linked Savings Scheme (ELSS), wherein there is a lock-in of 3 years from date of investment, there are no restrictions on investment redemption.
How long does it take to redeem UTI Mutual Fund?
When you redeem your mutual fund, you will typically receive your unit’s funds within 1 to 5 working days. If you redeem a debt-related fund or a liquid fund, you will get your money within 1 to 2 working days.
How do I cancel my UTI mutual fund account?
Steps to follow to cancel or stop online SIP in UTI Mutual Fund :-
- Open UTI Mutual Fund website.
- Provide your Username and Password and click on SUBMIT button. …
- In the Home page, click on i SIP/SWP/STRIP link as shown below:- …
- In the Next Screen, select ISIP Cancellation link as shown below :-
Which is better NPS Tier 1 or Tier 2?
While Tier 1 of the NPS is a rigid retirement plan, Tier 2 gives you more flexibility for withdrawals, if needed. The idea is to promote a government-backed product, which offers equity exposure, helps you to plan for retirement (Tier 1), and also provides an option to invest for other life goals (Tier 2).
Which is better NPS or PPF?
The interest on the PPF is also exempt from tax but must be declared in the annual income tax return. The PPF maturity amount is also exempt from tax. In other words, PPF enjoys ‘exempt, exempt, exempt’ tax treatment. Investment in the NPS is tax-deductible up to Rs 1.5 lakh under Section 80 C.
Can I invest lumpsum in NPS?
NPS: In NPS, at the time of retirement, you must invest a minimum of 40% of your accumulated corpus in purchasing an annuity plan that gives regular income. You can withdraw maximum up to 60% of your corpus as lump sum.