Uti Amc

UTI AMC opens 19 branches; new norms for index derivatives kick in on Wed

Stock exchanges are bracing for an impact on the turnover in index derivatives as three of the six new norms to curb participation in the futures & options segment come into effect from November 20

Sebi proposes 30-day deadline for mutual fund deployment of NFO proceeds

Move to address concerns by AMCs losing first-mover advantage due to public disclosure

UTI AMC stock hits new high in weak market on healthy Q2; up 66% since Apr

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 AMC Q2 results: Net profit jumps 31% to Rs 239 cr, revenue at Rs 538 cr

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

AMCs, broking stocks rally up to 15%; Aditya Birla, UTI, CAMS at new peak

Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.

Robust equity inflows likely to keep earnings growth strong for AMCs

Among listed AMCs, in Q1FY25, Nippon AMC recorded the highest growth of 54 per cent Y-o-Y while ABSL AMC saw least growth at 19 per cent

UTI AMC rallies 6%, hits over 2-year high on performance improvement

UTI AMC share price today: The Indian mutual fund industry has witnessed robust growth in the recent past making it amongst the most attractive investment avenues

UTI AMC Q1 result: PAT rises 9% to Rs 254 cr, total revenue from ops up 13%

UTI Asset Management Company on Thursday reported a nine per cent growth in profit after tax (PAT) to Rs 254 crore in the three months ended June 30, 2024. In comparison, the company had posted a PAT of Rs 234 crore in the same quarter a year ago, UTI AMC said in a regulatory filing to the stock exchanges. The company's total revenue from operations rose 13 per cent to Rs 529 crore during the quarter under review, as compared to Rs 468 crore in the April-June quarter of the preceding financial year (2023-24). As of June 30, 2024, the total assets under management (AUM) for UTI AMC stood at Rs 19.36 lakh crore, which includes the mutual fund's asset base of Rs 3.1 lakh crore. "The Indian mutual fund industry has witnessed robust growth in the recent past making it amongst the most attractive investment avenues. "As the Indian MF industry surpassed yet another milestone of Rs 60 lakh crore AUM by the end of June 2024, financial awareness and digitization have played crucial roles in

Ombudsman system, sustainable clothing: Top personal finance stories

Our top stories this week explain how financial institutions are supposed to solve customers' complaints and what to wear in summer

Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

UTI AMC Q3 results: Profit jumps 3-fold to Rs 186 cr, revenue up 52%

UTI Asset Management Company (AMC) on Monday posted a three-fold jump in profit after tax to Rs 186 crore in the December quarter. The company's profit after tax (PAT) was Rs 60.43 crore in the year-ago period, UTI AMC said in a regulatory filing. Its total revenue from operations surged 52 per cent to Rs 449 crore during the quarter under review from Rs 295 crore in the October-December period of FY23. For the quarter ended December 31, 2023, the total assets base of the company stood at Rs 17.6 lakh crore. This includes UTI Mutual Fund's average assets under management (AUM) of Rs 2.73 lakh crore. "The increasing financial literacy and rising incomes in the nation, combined with the upward trend in returns from Indian markets, have significantly contributed to the expanding financialisation of savings. "However, a substantial portion of the population remains untapped in terms of investment participation," Imtaiyazur Rahman, Managing Director and Chief Executive Officer of UTI A

Valuations stretched and time or price correction likely, says Ajay Tyagi

Tyagi says private banks, consumer services and consumer discretionary look attractive even as the market has turned expensive across most of the segments

Mixed show for AMCs in second quarter; limited scope for stock rally

From a stock performance perspective, analysts appear to be divided, with many anticipating only modest returns due to valuation concerns

UTI AMC Q2 results: PAT declines 8% to Rs 183 crore, revenue falls 7%

UTI Asset Management Company on Wednesday reported an 8 per cent decline in profit after tax to Rs 183 crore in the September quarter. It had posted a profit after tax of Rs 200 crore in the same quarter of the preceding fiscal, according to a regulatory filing. The company's total revenue from operations dropped 7 per cent to Rs 404 crore during the quarter under review. In the year-ago period, the same was at Rs 435 crore. For the quarter ended September 30, 2023, UTI Mutual Fund's average assets under management stood at Rs 2.67 lakh crore and it had a market share of 5.68 per cent. Imtaiyazur Rahman, Chief Executive Officer of UTI AMC, said the Indian mutual fund industry has constantly worked towards building financial literacy in the country for creating awareness about various products and in enabling investors to make informed investment decisions. "With our growing geographical and digital reach in the country and our expertise in investment management combined with a lar

See greater comfort in largecaps compared to small and midcaps: UTI AMC CIO

Subramaniam says pharmaceutical and healthcare sectors are reasonably valued and are showing incremental improvements in their balance sheets

Stocks to Watch today: Vedanta, JSW Infra, UTI AMC, Autos, MGL, Adani Green

Stocks to Watch on Tuesday, October 3, 2023: JSW Infrastructure will debut on the bourses on October 3, 2023

After Reliance's entry into MF industry, Tatas evaluating bid for UTI AMC

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

UTI AMC logs over two-fold jump in Q1 profit after tax to Rs 234 cr

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.

Sebi pause on 'total expense ratio' sets off rally in AMC shares

Sebi chairperson says industry will be pleased with the fresh proposal

PNB, LIC, SBI and BoB looking to seek formal bids for stake sale in UTI AMC

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