On Tuesday 13, 2010, UTI Mutual Fund announced launch of its investor education initiative. The initiative is to create awareness among people about the concepts of financial planning and benefits of investing in mutual funds. As part of the initiative, christened as Swatantra, three UTI knowledge caravans will travel from Porbandar, Jammu and Guwahati across the country to spread awareness about financial planning. The press release of the same indicated that during the journey, investors meets will be held in various centres and that the initiative is in partnership with the Ministry of Corporate Affairs. The agreement was signed by UTI AMC Chairman, UK Sinha, BPCL Chairman and MD, Ashok Sinha and Corporation Bank CMD, JM Garg.