About us :

Unit Trust of India Investment Advisory Services Limited (UTI-IAS), a company registered under the Companies Act, 1956, was established in 1988 as a wholly owned subsidiary of erstwhile Unit Trust of India (UTI), the statutory corporation established in 1963 towards mobilizing savings of public and canalizing them into the growth and development of industries in the country. UTI had a hand in almost all segment of industrial growth in the country.

UTI-IAS initially took up the role of Investment Advisor for the Off-shore Funds floated by UTI and was registered with Securities Exchange Commission (SEC) of United States of America as an Investment Advisor. It acted as Investment Advisor for India Growth Fund and provided the accounting and back office services to India Growth Fund, India Fund, India Access Fund, India IT Fund and India PSU Fund. It performed consistently well and declared dividends regularly.

With the restructuring of UTI in 2003, pursuant to the passing and commencement of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, the Equity Shares of UTI-IAS held by UTI has come to be transferred to and vested in the Administrator of the Specified Undertaking of Unit Trust of India, a statutory authority constituted under the said Act. The Administrator is appointed by the Government of India and is advised and assisted by a Board of Advisors constituted by the Government of India under the Act.

About the activities carried on at present:

With demand for and scope to provide quality service in the Trusteeship role, UTI-IAS has taken up and is now offering the Trusteeship Services with a team of experienced personnel fully familiar with and equipped to deal with documentation, security creation and monitoring aspect of Trusteeship. The team is headed by an Officer who has had more than fifteen years experience

in the documentation and security creation aspect of trusteeship with two well known Public Financial Institutions. Trusteeship activity is the core and sole activity of this well equipped and highly motivated team.

Trusteeship services provided comprises of following 3 principal categories:

  • Trusteeship Service for Bonds / Debentures
  • Security Trusteeship Service for ECBs / Consortium Financing
  • Trusteeship in Securitization Transactions

Assignments handled:

Since UTI-IAS’s commencement of operation of the Trusteeship Services in April 2004, in spite of sluggish debt market, it has obtained mandate from overseas branch of a leading private sector bank for acting as Security Trustee for their ECB assistances to some of the well known Indian Corporate. Besides the Company has got enquiries / agreed to act as Trustees for a few Debenture Issues, Securitization transactions and Venture Fund.

What are the special features?

It is nothing but natural for one to query as to what are the special features of the Trusteeship Service offered by UTI-IAS and how it is distinct from the one rendered by others.

Apart from the quality oriented and time bound service that UTI-IAS is set to provide, the following are the distinct distinguishing features of the service that will be rendered by it.

Distinctive Features:

  • Trusteeship activity is the core and sole activity as such quality focused and time bound service can be expected.
  • Since UTI-IAS does not have any other financial relationship with corporate (unlike in the case of banks and financial institutions), there will not be any conflict of interest in discharging its role as Trustees.
  • Documents will be generated in-house by experienced personnel.
  • Rates of Service charges are reasonable and competitive and innovatively structured keeping Issuer’s interest.