Wrong idea in market that we are not professionally run: Top UTI AMC exec

In a Q&A, three of the firm's top brass dwell on its forthcoming IPO, the state of the MF industry and issues surrounding the company's ownership structure

Thirteen years after it was first mooted, UTI AMC is set to hit the market with an initial public offering of Rs 2,160 crore that will enable its five shareholders to offload 30.75 per cent, valuing the AMC at over Rs 7,000 crore. Chief executive Imtaiyazur Rahman, head of fixed income Amandeep Chopra and head of equity Vetri Subramaniam tell Ashley Coutinho that listing will help the company write a new chapter and communicate to the market that it is a professionally run organisation. Edited excerpts: 

UTI AMC was the top asset manager till FY06 but seems to have lost