Page 2 - Uti Mutual Fund

Only MF that has filed cases against wilful defaulters sees some recoveries

UTI mutual fund has 27 cases with an amount of Rs 252.6 crore outstanding, according to data from TransUnion Cibil

Earnings acceleration could be pushed back beyond March 2019: Lalit Nambiar

As a fund house, we had been maintaining the view that valuations were high. Relative attractiveness of the equity asset class drew domestic savings flow and propped up valuations.

UTI Mutual Fund receives November payments for DHFL's commercial papers

Experts say, while larger non-banking entities are covered for their near-term payments, funding for fresh business may be a challenge for some players

Bombay High Court adjourns hearing in UTI Mutual Fund matter

Petitioner T Rowe Price seeks more time to hold discussions with stakeholders; Puri demits office

Leo Puri refuses extension, quits UTI Mutual Fund as managing director, CEO

Puri is also said to have defended the performance of the fund house during his five-year tenure

Markets can sustain at current levels if earnings deliver, says UTI MF VP

The consumer discretionary sector has seen steady growth and is likely to continue

Road to listing: Asset manager UTI MF still faces bumps along the way

Despite the change in guidelines limiting crossholding in mutual funds (MFs) to up to 10 per cent, listing may not be a given for UTI MF, the country's sixth largest asset manager.Three out of the four government shareholders --- State Bank of India (SBI), Life Insurance Corporation of India (LIC) and Bank of Baroda (BoB) --- will have to compulsorily dilute their stake in the asset management company (AMC) besides vacating their seats on the UTI Board. Each of these entities is a sponsor of other mutual funds. The trio along with Punjab National Bank (PNB) currently own 18.29 per cent each of the paid-up capital of the AMC. PNB recently reached an agreement to relinquish ownership in Principal-PNB Asset Management. The road to listing won't be easy, especially if LIC sticks to its guns. In 2016, T Rowe Price, PNB and BoB had given UTI a 'listing notice', allowing the AMC to appoint a banker and conduct a feasibility study for the IPO. In 2017, the AMC went ahead with the study and ...

Investors of UTI MF to take call on listing in April: PNB chief

The bank has decided to exit from mutual fund PNB Principle from where it is going to get 1.25 billion

UTI Mutual Fund eyes Rs 4 lakh crore AUM by FY18 end

Leading asset management company UTI Mutual Fund is targeting assets under management (AUMs) of Rs four lakh crore by the close of 2017-18. If achieved, the AUMs would grow by eight per cent over last fiscal's figure of Rs 370,000 crore."Market conditions, UTI Mutual Fund's strength and the investor camps that we plan to hold would help achieve our target in AUMs. Our mutual fund assets are expected to rise from Rs 1.54 lakh crore to Rs 1.75 lakh crore by the end of this financial year", said Debashish Mohanty, president & country head (retail) and head (investor service management), UTI Asset Management Company Ltd.The company plans to introduce three more equity focused funds before the end of this fiscal. It has approval from markets regulator Securities & Exchange Board of India (Sebi) for these products.Mohanty feels the waning interest of people in bank fixed deposits (FDs) due to unattractive returns would spur them towards equity investments. "There is no alternative ..

UTI Mutual Fund: An efficient way to support parents

The fund, which transfers a part if returns into a parent's bank a/c, will suit passive investors