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UTI AMC first quarter after-tax profit soars 53% to Rs 155 crore

UTI AMC is the investment manager of UTI Mutual Fund.

Topics
UTI AMC | Q1 results | Asset Management

Press Trust of India  |  New Delhi 

UTI MF
Unit Trust of India building in Mumbai

UTI Company has reported a 53 per cent jump in its profit after tax (PAT) at Rs 155.03 crore in the June 2021 quarter.

In comparison, the company had posted a PAT of Rs 101.36 crore in the same quarter of the preceding fiscal, said in a regulatory filing.

The company reported a total income of Rs 350.11 crore during the first quarter ended June 30, 2021 as compared to Rs 270.37 crore in the same quarter a year ago.

For the quarter ended June 30, 2021, UTI Mutual Fund's average assets under management was Rs 1,87,210 crore.

"We have observed a rising affinity of investors towards mutual funds even during market volatility and the uncertainty that has been caused due to the pandemic. also stands stronger and continues to maintain the growth graph," Imtaiyazur Rahman, Chief Executive Officer, said.

"We aim to stay focused to combat the volatility and emphasize on good returns while growing our investor base," he added.

UTI AMC is the investment manager of UTI Mutual Fund. It has a countrywide network of branches along with a diversified distribution network.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, July 29 2021. 16:10 IST
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