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

schemes:

What Does Open-End FundMean?

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%.

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The funds corpus as on 31st of March 2010 was Rs 2853.82 cr. Out of the funds

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

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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.