Page 2 - Uti Amc

Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

UTI AMC Q3 results: Profit jumps 3-fold to Rs 186 cr, revenue up 52%

UTI Asset Management Company (AMC) on Monday posted a three-fold jump in profit after tax to Rs 186 crore in the December quarter. The company's profit after tax (PAT) was Rs 60.43 crore in the year-ago period, UTI AMC said in a regulatory filing. Its total revenue from operations surged 52 per cent to Rs 449 crore during the quarter under review from Rs 295 crore in the October-December period of FY23. For the quarter ended December 31, 2023, the total assets base of the company stood at Rs 17.6 lakh crore. This includes UTI Mutual Fund's average assets under management (AUM) of Rs 2.73 lakh crore. "The increasing financial literacy and rising incomes in the nation, combined with the upward trend in returns from Indian markets, have significantly contributed to the expanding financialisation of savings. "However, a substantial portion of the population remains untapped in terms of investment participation," Imtaiyazur Rahman, Managing Director and Chief Executive Officer of UTI A

Valuations stretched and time or price correction likely, says Ajay Tyagi

Tyagi says private banks, consumer services and consumer discretionary look attractive even as the market has turned expensive across most of the segments

Mixed show for AMCs in second quarter; limited scope for stock rally

From a stock performance perspective, analysts appear to be divided, with many anticipating only modest returns due to valuation concerns

UTI AMC Q2 results: PAT declines 8% to Rs 183 crore, revenue falls 7%

UTI Asset Management Company on Wednesday reported an 8 per cent decline in profit after tax to Rs 183 crore in the September quarter. It had posted a profit after tax of Rs 200 crore in the same quarter of the preceding fiscal, according to a regulatory filing. The company's total revenue from operations dropped 7 per cent to Rs 404 crore during the quarter under review. In the year-ago period, the same was at Rs 435 crore. For the quarter ended September 30, 2023, UTI Mutual Fund's average assets under management stood at Rs 2.67 lakh crore and it had a market share of 5.68 per cent. Imtaiyazur Rahman, Chief Executive Officer of UTI AMC, said the Indian mutual fund industry has constantly worked towards building financial literacy in the country for creating awareness about various products and in enabling investors to make informed investment decisions. "With our growing geographical and digital reach in the country and our expertise in investment management combined with a lar

See greater comfort in largecaps compared to small and midcaps: UTI AMC CIO

Subramaniam says pharmaceutical and healthcare sectors are reasonably valued and are showing incremental improvements in their balance sheets

Stocks to Watch today: Vedanta, JSW Infra, UTI AMC, Autos, MGL, Adani Green

Stocks to Watch on Tuesday, October 3, 2023: JSW Infrastructure will debut on the bourses on October 3, 2023

After Reliance's entry into MF industry, Tatas evaluating bid for UTI AMC

It comes at a time when several new players have entered the market and consumers prefer real estate and bullion for investment

UTI AMC logs over two-fold jump in Q1 profit after tax to Rs 234 cr

UTI Asset Management Company on Tuesday reported a more than two-fold jump in profit after tax to Rs 234 crore in the June quarter. The company had posted a profit after tax of Rs 92 crore in the same quarter in the preceding fiscal, UTI AMC said in a regulatory filing. The company's total revenue from operations surged 60 per cent to Rs 468 crore in the first quarter of the current fiscal compared to Rs 293 crore in the same period of the preceding fiscal. For the June quarter, UTI Mutual Fund's average assets under management were Rs 2.48 lakh crore and had a market share of 5.76 per cent. "Despite the volatility and corrections in the market, the Indian mutual fund industry continues to attract investors' interest," Chief Executive Officer UTI AMC Imtaiyazur Rahman said. UTI AMC is the investment manager to UTI Mutual Fund. It has a countrywide network of branches along with a diversified distribution network.

Sebi pause on 'total expense ratio' sets off rally in AMC shares

Sebi chairperson says industry will be pleased with the fresh proposal

PNB, LIC, SBI and BoB looking to seek formal bids for stake sale in UTI AMC

These entities have already appointed merchant bankers to initiate the sale process in UTI AMC

UTI AMC's profit after tax soars 59% to Rs 86 cr in March quarter

UTI Asset Management Company (AMC) on Wednesday reported 59 per cent jump in profit after tax (PAT) at Rs 86 crore for the three months ended March 2023. In comparison, the company posted a PAT of Rs 54 crore for the same quarter a year ago, UTI AMC said in a regulatory filing. Total income grew marginally to Rs 309 crore in the quarter under review from Rs 305 crore in January-March 2021-22. The company's board recommended a final dividend of Rs 22 per share for FY23 as against Rs 21 per share for FY22. The final dividend for FY23 is subject to approval of shareholders. As of March 2023, UTI AMC's assets under management stood at Rs 15.56 lakh crore. "As the brand UTI is completing six decades of being a front runner in promoting the development of the financial sector, we remain steadfast in our commitment towards our stakeholders. Our focus on offering innovative and customized solutions that cater to the diverse needs of our investors has been instrumental in our success over

UTI AMC reports 60% jump in Q4 net profit to Rs 86 cr on lower expenses

The revenue from operations remained flat at Rs 301 crore for the quarter under review

HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow

Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts

UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.

Early pivot unlikely in the face of persistent inflation: UTI AMC's Chopra

"Credit funds have performed quite well in 2022, on the back of an improving economic cycle, low-interest rates, and easing liquidity as domestic and global economies opened up"

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it

BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the expo

Known for his successful efforts in restructuring the erstwhile Unit Trust of India into UTI AMC and Specified Undertaking of UTI (SUUTI), Meleveetil Damodaran chaired Sebi from Feb 2005 to Feb 2008

Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities

If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India

UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz

According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.