A multipolymeric mixture is provided that includes a hydrophobic polymer, two different grades of a water-soluble polymer, water as non-solvent and a solvent suitable for all polymers involved. The dissolved hydrophobic polymer has the affinity to enmesh the water-soluble polymers to form a clear and viscous dope. Water-soluble polymers contribute to the pore formation process and hydrophilicity of the finally coagulated membrane according to the makeup of their molecular weight distribution. Water as a non-solvent takes the dope very near towards unstable zone, which helps in speeding up the membrane formation process in a diffusion induced phase inversion technique. The dope is then spun through a concentric orifice spinneret and solidified by passing it through a coagulation bath to form hollow fiber asymmetric membranes of ultra filtration grade with superior water permeability and separation characters even at higher feed turbidity.