UTI Pension Fund, formerly UTI Retirement Solutions, is one of the original NPS pension funds, running money since 2009. Its regular Tier I E, C and G schemes hold about ₹12,700 crore.
UTI has no standout scheme and no badly weak one. It sits in the upper half in equity, does well in government bonds over 3 and 5 years, and is mid-table in corporate bonds. That steadiness makes it a sensible single choice.
At a glance
| Scheme (Tier I) | Assets | 3-year return (rank) | 5-year return (rank) | 10-year return (rank) |
|---|---|---|---|---|
| Scheme E (equity) | ₹5,582 crore | 8.74% (3 of 9) | 8.75% (3 of 7) | 11.62% (4 of 6) |
| Scheme C (corporate bonds) | ₹2,606 crore | 7.61% (4 of 9) | 6.41% (5 of 7) | 7.39% (5 of 6) |
| Scheme G (government bonds) | ₹4,509 crore | 6.46% (2 of 9 (tied)) | 5.84% (2 of 7) | 6.88% (5 of 6) |
Returns for Tier I as on 18 September 2026; assets from Value Research, October 2026. Rank is among funds with a record for that period.
Scheme E (equity)
| Period | UTI | Benchmark | Average of all funds | Rank |
|---|---|---|---|---|
| 1 year | -6.05% | -3.95% | -5.09% | 8 of 10 |
| 3 years | 8.74% | 8.56% | 8.10% | 3 of 9 |
| 5 years | 8.75% | 8.76% | 8.44% | 3 of 7 |
| 7 years | 13.62% | 14.05% | 13.42% | 4 of 7 |
| 10 years | 11.62% | 12.37% | 11.55% | 4 of 6 |
| Since inception | 11.80% | – | – | – |
UTI ranks third over 3 and 5 years and fourth over 7 and 10 years. It beat the benchmark over 3 years and came within 0.01 points of it over 5 (8.75% against 8.76%). Its 10-year return of 11.62% is 0.52 percentage points a year behind HDFC, the leader.
The past year was weaker: UTI ranked eighth, at -6.05%.
The portfolio is almost fully invested, at 98.48% equity. Its top holdings are HDFC Bank (7.24%), ICICI Bank (7.00%), Reliance Industries (4.97%), Bharti Airtel (4.30%) and State Bank of India (3.78%). Financial stocks are 33.58% of the portfolio, technology 13.82% and consumer discretionary 13.69%.
Scheme C (corporate bonds)
| Period | UTI | Benchmark | Average of all funds | Rank |
|---|---|---|---|---|
| 1 year | 5.59% | 4.90% | 5.26% | 2 of 10 |
| 3 years | 7.61% | 7.05% | 7.50% | 4 of 9 |
| 5 years | 6.41% | 6.19% | 6.43% | 5 of 7 |
| 7 years | 7.37% | 7.48% | 7.33% | 2 of 7 (tied) |
| 10 years | 7.39% | 7.59% | 7.52% | 5 of 6 |
| Since inception | 8.53% | – | – | – |
UTI’s corporate bond record is mid-table: second over 1 year, joint second over 7 years, but fourth or fifth over 3, 5 and 10 years. Over 10 years it trails the benchmark slightly (7.39% against 7.59%).
The portfolio is 81.26% AAA-rated and 10.28% AA-rated. About 3.95% is in REITs and other unrated holdings.
Scheme G (government bonds)
| Period | UTI | Benchmark | Average of all funds | Rank |
|---|---|---|---|---|
| 1 year | 3.02% | 3.43% | 2.93% | 5 of 10 |
| 3 years | 6.46% | 6.75% | 6.25% | 2 of 9 (tied) |
| 5 years | 5.84% | 5.90% | 5.73% | 2 of 7 |
| 7 years | 6.52% | 6.41% | 6.55% | 4 of 7 (tied) |
| 10 years | 6.88% | 6.86% | 7.07% | 5 of 6 |
| Since inception | 7.91% | – | – | – |
UTI ranks second over 5 years and joint second over 3 years. Over longer periods it falls back, to joint fourth over 7 years and fifth of six over 10. The portfolio is 95.79% sovereign, the second-highest share after LIC. Its largest holding is a 6.90% government bond maturing in 2065, at 13.56% of the fund.
MSF schemes
| Scheme (as listed by NPS Trust) | Equity range | Assets (₹ crore) |
|---|---|---|
| Wealth Builder E – I | 90%-100% | 36.66 |
| Dynamic Asset – Tier I | 40%-65% | 8.03 |
| Wealth Builder E – II | 90%-100% | 3.90 |
| Dynamic Asset – Tier II | 40%-65% | 2.23 |
NPS Trust, as on 30 September 2026.
UTI runs two MSF schemes, each in Tier I and Tier II. Wealth Builder holds 90% to 100% in equity; Dynamic Asset is balanced, with 40% to 65%. Together they hold ₹51 crore. See the MSF comparison.
Fees
From 1 April 2026, the investment management fee on regular non-government NPS schemes is slab-based: 0.12% a year on the first ₹25,000 crore of assets, then 0.08%, 0.06% and 0.04% on higher slabs. MSF schemes can charge up to 0.30%.
Verdict
- Scheme E: consistently in the upper half; third over 3 and 5 years.
- Scheme C: mid-table.
- Scheme G: upper half over 3 and 5 years.
- Auto choice: a good single choice. UTI doesn’t rank last over 3, 5, 7 or 10 years in any scheme.
- Active choice: reasonable across the board, though each asset class has a fund with a stronger record: ICICI Prudential for E, HDFC for C and LIC for G.
Compare it with the rest in the Scheme E, Scheme C and Scheme G comparisons.
Sources: returns for Tier I as on 18 September 2026, NPS Trust data as published by HDFC Securities. Net assets and portfolios: Value Research, October 2026. MSF schemes: NPS Trust. Fees: PFRDA. Past returns do not guarantee future returns.
