Uti Asset Management

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

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

HDFC AMC, UTI AMC: Charts suggest up to 15% rally in select AMC shares

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

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

UTI AMC's profit after tax soars 59% to Rs 86 cr in March quarter

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

UTI AMC reports 60% jump in Q4 net profit to Rs 86 cr on lower expenses

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

Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities

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

Invest in MNC funds for exposure to high-quality businesses: Experts

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

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

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, ITC, KNR Constructions 'top picks' for Centrum Broking

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.

Very little room for more rate cuts: Amandeep Chopra, UTI Asset Management

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

T Rowe Price signs agreement to acquire majority stake in UTI Trustee

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

Market ends flat after FM announces steps to boost demand; ITC gains 3%

All that happened in the markets today

Market Ahead, October 1: All you need to know before the opening bell

Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines

JP Morgan's new chairman, Leo Puri, could be the Mr Dependable they need

His former colleagues say that he is a patient listener and participant, even if he does not agree with the views.

Set-up favourable for long-term investors, says Vetri Subramaniam

Subramaniam says cheap valuations and easy monetary policy will set the tone for attractive long-term returns

UTI MF picks Citigroup and ICICI Securities to manage public offering

Details of the offering could change as the deliberations are ongoing

UTI MF identifies Rahman as interim chief if Puri doesn't get extension

The Bombay High Court on Thursday admitted a writ petition by T Rowe Price and set the next hearing for Monday -- the day Puri's five-year term comes to an end

T Rowe moves Bombay HC seeking extension of Puri's tenure as UTI MF head

US-based asset manager said lack of timely action from Indian authorities, while 'conflicted' shareholders ignore directions of UTI Trustee Board, reason to move court