Mutual funds have become very popular investment vehicles in India nowadays. Advantages of mutual funds are many ranging from diversification to reduce risk, high liquidity and professional management of such funds. All investors do not happen to have the same goals. Some wish to earn a stable income while others want spectacular profits. Hence there are different types of funds targeting different types of investors. Equity funds invest most part of its pool into equity or equity related instruments. Debt funds happen to invest on debt papers reducing risk and providing stable income. Balanced funds are combination of Equity and Debt funds providing benefits of both in one. Growth funds keep investing the gains generated into it continuously while dividend yield funds distribute gains among the investors periodically. You need to find a mutual fund that suits your long term goals and future plans. If you are a first time investor then you can always get professional help in locating the best funds for you.
UTI MF can be a good option for any investor. It has a high reputation for transparency and honesty. Their aim is to provide consistent and stable income for their investors in the long term. While the corporate head office is located at UTI Tower, GN Block, Bandra Kurla Complex, Bandra (East) in Mumbai; they have huge distribution networks with139 branches/financial institutions. You may invest in UTI MF schemes through Axis Bank, HDFC Bank Ltd, ICICI Bank, Bank of Baroda, Dena Bank, Corporation Bank, SBI Cap Securities Ltd, Birla Sun Life Distribution Co Ltd etc.