The institute aims to strengthen ties between Arab and Western civilisations
The minimum investment is around Rs25 lakhs, the axel includes, sophisticated investment services as well as a comprehensive platform for execution of transactions across equity and fixed income securities' markets , with a personalised service.
UTI's axel team will devote time in understanding the financial requirements and position of each and every client, family and business structures, and then recommend a carefully structured financial plan, tailored to meet the client's financial goals, while still maintaining the best balance between risk and return.
At present the wealth management solution will offer discretionary portfolio management services with two options, first one, levies a fixed fee, ideal for clients who want good returns on their investment but are looking at a low investment risk strategy. While, the other one, levies a lower fixed fee and a variable fee linked to the performance of the portfolio. This option is ideal for clients expecting a high return and are looking at a high-risk investment strategy.
Meleveetil Damodaran, chairman and managing director, UTI AMC Pvt. Ltd., said, "There has been significant growth in wealth creation within India in the last few years, leading to a sizeable and growing demand for wealth management services. We believe that we have the width and the depth of fund management and research capabilities to cater to the needs of such discerning individuals who are looking for a more personalised wealth management service.."
The main aim of this axel is to ensure that UTI's client's long term investment objectives are fulfilled and they feel very comfortable and secured that they have entrusted their portfolio to a professional team.
UTI AMC's in-house research expertise will be benefitting the 'axel' solution as it will use this wide array of in-depth research to update its high net-worth clients on new investment opportunities as well as continually monitor their portfolio and optimise their returns.
The institute aims to strengthen ties between Arab and Western civilisations
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