In the present study open-end fund was under taken which consists of the following

schemes:
What Does Open-End Fund Mean?
A type of mutual fund that does not have restrictions on the amount of shares the
fund will issue. If demand is high enough, the fund will continue to issue shares no matter
how many investors there are. Open-end funds also buy back shares when investors wish
to sell.
The majority of mutual funds are open-end. By continuously selling and buying
back fund shares, these funds provide investors with a very useful and convenient
investing vehicle.

It should be noted that when a fund's investment manager(s) determine that a

fund's total assets have become too large to effectively execute its stated objective, the
fund will be closed to new investors and in extreme cases, be closed to new investment
by existing fund investors
UTI ULIP
An investment objective of the scheme is primarily to provide return through
growth in the NAV or through income distribution and reinvestment thereof. Amounts
collected under the scheme shall generally be invested as follows:
Not less than 60% of the funds in debt instruments including MMI with low to
medium risk profile.
Not more than 40% of the funds in equities and equity related instruments.
The Scheme aims to provide market related returns and a lower risk alternative
while retaining upside potential from equities exposure. The equity investment approach
is to invest in companies in strong businesses, run by competent managers and able to
deliver value over the long term. It aims to actively manage risk through prudent
diversification across companies and sectors by investing a majority of funds in stocks
with high liquidity.
Minimum and maximum asset allocation:
(i) Debt - Minimum 60%, Maximum 100%,
(ii) Equity - Minimum Nil, Maximum 40%.
 The fund’s corpus as on 31st of March 2010 was Rs 2853.82 cr. Out of the fund’s
corpus, 41% was invested in Equity, 39% of its net assets invested in Long Term debt,
2% in Securitised, 11% in Government Securities 7% of its net assets in CP/CDs.
UTI EQUITY FUND - AN OPEN-ENDED EQUITY SCHEME
This Scheme primarily aims at securing for the unit holders capital appreciation
by investing the funds of the scheme in equity shares and convertible and nonconvertible
bonds/debentures of companies with good growth prospects and money market
instruments.
The scheme is open ended equity scheme with an objective of investing at least
80% of its funds in equity and equity related instruments with medium to high risk profile
and up to 20% in debt and money market instruments with low to medium risk profile.
Notwithstanding growth being the main objective of the scheme, the scheme may
distribute income as may be decided by the Trustee from time to time. The Scheme offers
investors Dividend Plan. The unit holders have the facility to reinvest income, if any,
payable to them, into further units of the scheme.
The Fund is positioned as a diversified equity fund. The Fund portfolio will
primarily comprise of leading stocks in the respective sectors. The fund will invest across
market capitalisation, large as well as mid caps. Large Caps would comprise at least 70 %
of the portfolio with mid caps limited to 20% of the portfolio.
The net assets of the Scheme were Rs. 1895.03 crore as at March 31, 2010. As at
March 31, 2009, the Scheme had 96.04 % of its net assets invested in equities and 3.96 %
in money market instruments / net receivables. In view of the uncertain market condition,
the fund has maintained higher proportion in money market instruments on short term
defensive consideration.

UTI OPPORTUNITIES FUND

The objective of the scheme is to generate capital appreciation and /or income
distribution by investing the funds of the scheme in equity shares and equity related
instruments. The focus of the scheme is to capitalise on opportunities arising in the
market by responding to the dynamically changing Indian economy by moving its
investments amongst different sectors as prevailing trends change.
The fund will invest at least 90-100% in Equity & Equity related instruments and
0-10% in Debt instruments and Money market instruments.
The net assets of the Scheme were Rs.1391.82 crore as at March 31, 2010. As at
March 31, 2010, the Scheme had 88.23% of its net assets invested in equity and equity
related instruments and 11.77% in money market instruments / net receivables.
UTI WEALTH BUILDER FUND
The objective of the scheme is to achieve long term capital appreciation by
investing predominantly in a diversified portfolio of equity and equity related
instruments.
The fund will invest at least 65-100% in Equity & Equity related instruments and
0-35% in Debt and Money market instruments (including securitised debt).
The net assets of the Scheme were Rs.1014.13 crore as at March 31, 2010. As at March
31, 2010, the Scheme had 88.45% of its net assets invested in equity and equity related
instruments and 11.55% in money market instruments / net receivables.
UTI GOLD EXCHNAGE TRADED FUND
A passively managed open-ended Exchange Traded fund designed to track the
performance and yield of the underlying asset viz Gold. The investment objective of the
fund is to endeavor to provide returns that, before expenses, closely track the
performance and yield of Gold.
The fund will invest at least 90-100% in Gold bullion and 0-10% in Money
market instruments and other debt Securities. The net assets of the Scheme were Rs.
310.84crore as at March 31, 2010.