Vetri Subramaniam joins UTI AMC as Group President

Mutual fund industry veteran Vetri Subramaniam today joined UTI Asset Management Company (UTI AMC) as Group President and Head of Equity.

He has taken overall charge of research and fund management of the equity schemes of UTI Mutual Fund aggregating to around Rs 35,000 crore, the company said.

Currently, UTI AMC is the sixth largest fund house in the country in terms of AUM (asset under management).

Vetri, an MBA from IIM, Bangalore, has been associated with research and fund management for over two decades. He has worked with various institutions such as Invesco Asset Management, Kotak Mahindra Asset Management and Motilal Oswal Securities.

"I am pleased to join an institution which has traditionally dominated the Indian capital markets as a mutual fund and a financial development institution," Subramaniam said in a statement.

"UTI has a rich tradition in research and fund management, I look forward to using my experience in this area to help the organisation strengthen its capabilities in this domain and serve investors well," he added.