UTI Asset Management

There may not be any major changes in direct taxation, given that simplification has already been carried out in recent years

In past three days, the stock surged 18% after UTI AMC reported a 31% YoY jump in PAT at Rs 239 crore for Q2FY25, led by steady revenue yield and moderation in the expense ratio.

UTI Asset Management Company on Friday reported a 31 per cent on-year jump in profit after tax (PAT) at Rs 239 crore in the three months ended September 30, 2024. The company had posted a PAT of Rs 183 crore in the same quarter of the preceding fiscal year, UTI AMC said in a regulatory filing. The company's revenue from operations rose 33 per cent to Rs 538 crore in the July-September quarter of the current financial year (FY25), from Rs 404 crore in the year-ago period. For the quarter ended September 30, 2024, UTI Asset Management Company's total asset base stood at Rs 20.16 lakh crore. This includes UTI Mutual Fund's assets base of over Rs 3.42 lakh crore. Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said the Indian mutual fund industry continues to showcase remarkable growth, with average AUM (assets under management) reaching Rs 66.22 lakh crore, reflecting strong investor confidence across the country. "The increasing participation from smaller cities, with over 50 pe

It comes at a time when several new players have entered the market and consumers prefer real estate and bullion for investment

Selective AMC stocks like HDFC Asset Management Company and Nippon Life India Asset Management may rise up to 15%

These entities have already appointed merchant bankers to initiate the sale process in UTI AMC

UTI Asset Management Company (AMC) on Wednesday reported 59 per cent jump in profit after tax (PAT) at Rs 86 crore for the three months ended March 2023. In comparison, the company posted a PAT of Rs 54 crore for the same quarter a year ago, UTI AMC said in a regulatory filing. Total income grew marginally to Rs 309 crore in the quarter under review from Rs 305 crore in January-March 2021-22. The company's board recommended a final dividend of Rs 22 per share for FY23 as against Rs 21 per share for FY22. The final dividend for FY23 is subject to approval of shareholders. As of March 2023, UTI AMC's assets under management stood at Rs 15.56 lakh crore. "As the brand UTI is completing six decades of being a front runner in promoting the development of the financial sector, we remain steadfast in our commitment towards our stakeholders. Our focus on offering innovative and customized solutions that cater to the diverse needs of our investors has been instrumental in our success over

The revenue from operations remained flat at Rs 301 crore for the quarter under review

If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India

Since valuations are higher in this space, a 7-yr horizon with 10% capital outlay can be looked at

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

ICICI Bank, LIC Housing Finance, UTI Asset Management Company, and Care Ratings shares are brokerage house Centrum Broking's 'top picks' for the current quarter.

He says, the rate cycle seems to have bottomed out but RBI may not change its accommodative stance anytime soon

The deal will give it over 51 per cent stake in the trustee even as the stake of three public sector shareholders will fall to under 10 per cent in UTI Trustee Company

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Details of the offering could change as the deliberations are ongoing

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