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UTI Unit Linked Insurance Plan

Solution based Funds - Investment cum Insurance

About

UTI Unit Linked Insurance Plan is an open-ended tax-saving cum insurance scheme. It was launched in October 1971

As of April 30, 2022, the fund has Assets Under Management (AUM) of Rs. 1,601 crores with an expense ratio of 1.82% for Regular Plans and 1.27% for Direct Plans.

As of April 30, 2022, the fund has Assets Under Management (AUM) of Rs. 5,228 crores with an expense ratio of 1.73% for Regular Plans and 0.88% for Direct Plans. The fund has an exit load of 2% on premature withdrawal from the scheme.

UTI ULIP is suitable for investors looking for long-term capital growth and insurance cover. The fund invests across debt and equity. While the equity allocation aims to earn market-linked returns, the debt allocation provides stability to the investment portfolio.

Invest in UTI Retirement Benefit Pension Fund - Features and Benefits

  • The scheme aims to invest 60%-100% in debt and 0%-40% in equities.
  • The scheme provides life insurance cover up to a maximum of Rs. 15 lakhs with personal accident cover up to Rs. 50,000.
  • One can conveniently invest in UTI ULIP through Mutual Fund Distributors or through UTI Mutual Fund offices.
  • Investments can be made through yearly, half-yearly contributions or through Systematic Investment Plans (SIPs).
  • The minimum target amount under the schemes is Rs. 15,000, and the maximum target amount being Rs. 15 lakhs.
  • The investment in the scheme provides tax benefits under Section 80C of the Income Tax Act, 1961.
  • The gains from ULIP are taxed at a tax rate of 10% with indexation benefit for Long-Term Capital Gains (LTCG). Accordingly, only the actual returns (i.e., adjusted for inflation) for 36 months or more investment is taxed.
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Snapshot

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Fund Facts

Month End AuM
Monthly Avg. AuM
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Fund Performance

Period Fund Performance Vs Benchmark (CAGR) Growth for Rs 10,000 /-
NAV (%) NAV (Rs)

"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate

"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate

Portfolio

Fund Benchmark Net
Current Asset Allocation
Top 10 Holdings
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Name Weight(%)

Fund Managers

Frequently asked questions

    What is a UTI Unit Linked Insurance Plan (ULIP)?

    UTI Unit Linked Insurance Plan (ULIP) which provides risk cover along with growth potential by investing in equity and debt instruments. The Fund combines the benefits of life protection and savings in a single fund. Choose UTI ULIP to grow your savings, save on taxes as also protect against life's unexpected turns.

    Who should Invest in Unit Linked Insurance Plan?

    - Investors who are seeking long-term capital appreciation through investment in equity and debt instruments
    - Investors looking for a life insurance cover or top-up their existing cover
    - Investors looking to save tax under 80C provisions

    How to Invest in UTI Unit Linked Insurance Plan?

    Investors can invest online at UTI Mutual Fund website or download the mobile app and start investing subject to KYC compliance. Investors may also approach nearest UTI Financial Centers (UFCs). Alternatively, you may also approach your mutual fund distributor, financial advisor or various online platform for investments.

    How are UTI Unit Linked Insurance Plan taxed?

    On redemption of investments of UTI Unit Linked Insurance Plan, capital gains are taxed as below: The Fund will attract capital gains tax if the redemption value is more than the purchase price. The gains can either be short term or long term in nature. If the units are held for 3 years or less, the gains made are subject to Short-Term Capital Gains Tax (STCG) and are taxed as per the income slab. If the units are held for more than 3 years, the gains are subject to Long-Term Capital Gains Tax (LTCG) which is taxed at 20% with the benefit of indexation (available to debt-oriented funds). Indexation accounts for the effect of inflation in the acquisition purchase cost i.e. the purchase price is increased to adjust for inflation (as per the cost inflation index (CII) notified by the Central Board of Direct Taxes (CBDT)) before calculating the capital gain. Thus, it reduces the overall tax liability for the investor. The fund is eligible for income tax benefit under section 80 C of the Income Tax Act 1961, subject to a maximum of Rs.1,50,000/- in a financial year, as specified therein.

    Why Invest in UTI Unit Linked Insurance Plan?

    - UTI Unit Linked Insurance Plan provides Life Insurance Cover at lower cost i.e Life insurance cover upto a maximum of Rs.15 lacs; Personal accident cover upto Rs.50,000/-
    - No lapsation on insurance cover in the event of non-receipt of contribution
    - No medical examination for insurance cover
    - The Fund provides tax benefit under Section 80C of IT Act, 1961