under sebi rules which part of the divided uti is working as mutual fund
Unit Trust of India 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 The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into â€“ Specified Undertaking of Unit Trust of India (SUUTI); and UTI Mutual Fund (UTIMF).