Three leading public sector banks – Bank of Baroda, Punjab National Bank and State Bank of
India and Life Insurance Corporation of India (LIC), the largest public financial investment institution and life insurer in India are the sponsors of UTI Mutual Fund.

Bank of Baroda:-
Bank of Baroda is a commercial bank performing activities in terms of Banking Companies (Acquisition and Transfer of Undertakings Act 1970) under which the Undertaking of the Bank was taken over by the Central Government. During the period since inception, it has always maintained its practice of sound value based banking to emerge as one of the premier public sector Banks of the country today. It has a track record of uninterrupted profits since inception in 1908. The financial strength of the Bank and its long tradition of efficient customer service are drawn substantially from the extensive reach of its 2704 strong branch network (as of 31.03.2006) covering almost every State and Union Territory in the Country. The Bank is also one of the few Indian Banks with a formidable presence overseas with 39 branches. Thus, the total branch network is 2,743 as at 31.03.2006.

Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) is amongst the largest insurance companies in the world, with 2048 branches and having a Fund size of Rs. 463147.62 crore.

Punjab National Bank
Punjab National Bank is a commercial bank performing activities in terms of Banking Companies (Acquisition and Transfer of Undertakings Act 1970) under which the Undertaking of the Bank was taken over by the Central Government. The main object of the bank under the said Act is as below:- An act to provide for the acquisition and transfer of the undertaking of certain banking companies, having regard to their size, resources coverage and organisation, in order to further to control the heights of the economy, to meet progressively and serve better, the needs of the development of the economy and to promote the welfare of the people, in conformity with the policy of the State towards securing the principles laid down in clause (b) and (c) of Article 39 of the Constitution of India and for matter connected therewith or incidental therein. As on 31.03.2006 Punjab National Bank has 4065 branches, 2 subsidiaries and a deposit size of Rs.1,19,684.92 crores.

State Bank of India:
The State Bank of India is the largest public sector bank in India with 9177 branches in India and 70 offices in 30 countries worldwide. In addition to this, SBI also has 21 subsidiaries.

The sponsors are not responsible nor liable for any loss resulting from the operation of the scheme beyond the contribution of an amount of Rs.10,000/- made by them towards setting up of the Mutual Fund.