UTI Mutual Fund

The NFO starts on 11th November 2024 and closes on 25th November 2024. The schemes will be managed by Sharwan Kumar Goyal and Ayush Jain

Mittal expects the RBI to cut rates up to 75 bps in the next 6-12 months. Given the sticky domestic inflation, he sees BOJ gradually tighten the monetary policy

UTI Asset Management Company on Tuesday reported a more than two-fold jump in profit after tax to Rs 234 crore in the June quarter. The company had posted a profit after tax of Rs 92 crore in the same quarter in the preceding fiscal, UTI AMC said in a regulatory filing. The company's total revenue from operations surged 60 per cent to Rs 468 crore in the first quarter of the current fiscal compared to Rs 293 crore in the same period of the preceding fiscal. For the June quarter, UTI Mutual Fund's average assets under management were Rs 2.48 lakh crore and had a market share of 5.76 per cent. "Despite the volatility and corrections in the market, the Indian mutual fund industry continues to attract investors' interest," Chief Executive Officer UTI AMC Imtaiyazur Rahman said. UTI AMC is the investment manager to UTI Mutual Fund. It has a countrywide network of branches along with a diversified distribution network.

In a Q&A, Tyagi says 2023 could be a year of consolidation because the market is trading at a 15-20% premium to long-term averages

The bank holds 15.22 per cent stake in UTI AMC worth around Rs 1300 crore at current valuation

As the markets adjust to the process of policy normalization, investors can focus on products which are running strategies to capture these trends with a low level of volatility, said Amandeep Chopra

State-owned Punjab National Bank (PNB) on Friday said it is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base.

Consider these funds after you have a core portfolio in place

Axis Special Situations Fund will tap domestic and global markets; UTI Small Cap Fund will invest in small cap stocks.

Certain UTI Mutual Fund schemes had invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019

The Rs 600-crore IPO of Angel Broking garnered nearly four times subscription

Balance amount was paid by Zee Entertainment Enterprises

The scheme's investment objective is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies across market capitalisation

Move will help the fund house to expedite its long-pending IPO, address Sebi concerns about no man at the top

Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO

In December 2018, regulator Sebi had permitted mutual funds to create segregated portfolios, or side-pocketing, with respect to debt and money market instruments

Certain UTI Mutual Fund schemes invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019

The sources said UTI MF will hold a meeting of the stakeholders soon to finalise the structure of the issue

India Rating say downgrade was done because of "downward credit migration in one of the underlying investments" of the fund.

On Tuesday, five of UTI MF's debt schemes (including two fixed maturity plans or FMPs) with sizeable exposure to JSEL, saw 2-6 per cent fall on their NAV