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MouthShut Score

48%
2.71 

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Non transparent service [Do not go for it]
Jun 26, 2018 05:21 PM 11912 Views

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I would like to give genuine review about uti.




  • I've invested in UTI MF since 2010 in five different scheme




  • My invested money is increased only 3%




  • It seems either fund managers are incapable of sensing market or they are not passing the profit to the end investors. For e.g if market goes down for 100 points your loss will be 10000 but if market goes 200 points up your gain would be 3000-3500.




  • They changes schemes at any time without informing you




  • They transfer your money to any scheme without prior notice




  • I had invested in in UTI Blue chip equity fund which was doing well but they transferred my investment in other scheme at 52 week highest NAV.




  • Also I felt that UTI MF's fund managers are either less experienced with lack of market sense or they don't want to pass profit to end/retail investors. Inshort they are filling their pockets with investors money.




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