answers: UTI Mutual Fund
context: in 2014-2015. As a result of UCP’s shareholder activism, in December 2016 Transneft adopted a dividend policy setting dividend payouts at 25% of IFRS net income, i.e. substantially higher than historical payouts. In March 2017, in line with UCP’s demands, Transneft amended its charter to guarantee equal distribution of dividends to preferred and common shareholders. In March 2017, UCP sold 1.1 mln preferred shares for c.$3 bn to a group of financial investors. In 2009-2011, UCP acquired a 24.99% stake in the petrochemical and oil refinery Gazprom Neftekhim Salavat. In May 2011, UCP exited the investment. In December 2015, UCP </s> 4.CDSL, 5.IL& FS, 6. NSE, 7.UTI Securities, 8. UTI ISL, 9.OTCEI, 10.)UTI Infrastructure, 11.UTI International Ltd, 12.Venture Capital TDICI (Jointly with ICICI) and 13. Risk Calpial (jointly with IFCI) 14. 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 The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into – Specified Undertaking of Unit Trust of India (SUUTI); and UTI Mutual Fund (UTIMF). UTI Mutual Fund is promoted by the four of the largest </s> Unit investment trust In U.S. financial law, a unit investment trust (UIT) is an exchange-traded mutual fund offering a fixed (unmanaged) portfolio of securities having a definite life. Unlike open-end and closed-end investment companies, a UIT has no board of directors. A UIT is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and is classified as an investment company. UITs are assembled by a sponsor and sold through brokerage firms to investors. A UIT portfolio may contain one of several different types of securities. The two main types are stock (equity) trusts and bond
question: under sebi rules which part of the divided uti is working as mutual fund