You are here: Home » Markets » News
Business Standard

Street signs: MF fancy UTI AMC, analysts positive on road builders

Several MF houses bought shares of peer UTI Asset Management Company during the March quarter

Topics
Street Signs | Mutual Funds | MFs

Samie Modak & Sundar Sethuraman  |  Mumbai 

UTI

fancy UTI AMC

Several MF houses bought shares of peer UTI Asset Management Company during the March quarter. According to disclosure of the shareholding data, Mirae Asset MF and ICICI Prudential MF hiked their stake in the company by 44 bps and 195 bps to 5.56% and 4.61%, respectively. Invesco MF, Tata MF, Canara Robeco and Sundaram MF, too, have reported an increase in holding in . “ is exhibiting multiple positive business indicators, such as gains in market share in equity segment as well as flows, SIP as well as folio additions. Cost reduction programme undertaken by the company and hike in pension fund management charges are strong earnings drivers ahead,” said ICICI Securities in a note last week. got listed in October 2020 but had slipped 15% below its issue price. However, currently it trades 15% above the IPO price.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, May 02 2021. 23:42 IST
RECOMMENDED FOR YOU
.