<P> UTI Mutual Fund was carved out of the erstwhile Unit Trust of India ( UTI ) as a SEBI registered mutual fund from 1 February 2003 . The Unit Trust of India Act 1963 was repealed , paving way for the bifurcation of UTI into -- Specified Undertaking of Unit Trust of India ( SUUTI ) ; and UTI Mutual Fund ( UTIMF ) . </P>
under sebi rules which part of the divided uti is working as mutual fund
UTI Mutual Fund