UTI Asset Management Company IPO

The AMC, which manages around ₹20,000 crore in its MF schemes, has set a ₹1 trillion assets under management (AUM) target for the next 5 years

The fund house, backed by Union Bank of India and Dai-ichi Life Holdings, said that the early signs of rural consumption and the festive season are positive

Sebi allows credit rating agencies, ERPs to operate in IFSCA

Investors with a high-risk appetite and under-allocation to smallcaps may consider increasing exposure to companies that have experienced stock price corrections, says Harish Krishnan

Before investing, understand the fund's portfolio composition, and whether it suits your risk appetite and horizon

The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk

The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5

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

Listed peers have stood fast despite troubles in the mutual fund space

The IPO of the country's largest AMC in terms of total AUM comprises sale of 38,987,081 equity shares by existing shareholders

People in the know said Sebi has reservations over certain compliance issues

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

The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore

Details of the offering could change as the deliberations are ongoing

UTI AMC could become the first fund house to be listed in the country