Listen to this article
UTI AMC has recorded net profits of Rs.493 crore in the first six months of the current financial year. The fund house witnessed 18% in its net profits compared to the corresponding period previous year.
Here are some key business highlights of the company:
- UTI MF’s quarterly average assets under management (QAAUM) is Rs.3.49 lakh crore in Sept 2024
- Equity assets (Active + Passive) contributed 71% to UTI MF’s total average AUM
- The ratio of equity oriented QAAUM and non-equity oriented QAAUM was 71:29 vis-à-vis industry’s ratio of 61:39
- Gross inflows mobilized through SIP is at Rs. 2,058 crore
- The fund house has 1.29 crore live folios
- Profit before tax for the second quarter of FY2024-25 is at Rs. 336 crore, up by 53% YoY
- The quarterly profit after tax is Rs.239 crore in Q2 FY24-25, up by 31% YoY
- Profit before tax for the H1FY25 is Rs. 677 crore, up by 33% YoY
In a press release, Imtaiyazur Rahman, Managing Director & Chief Executive Officer, UTI AMC said, "Indian mutual fund industry continues to showcase remarkable growth, with average AUM reaching Rs.66.22 lakh crore, reflecting strong investor confidence across the country. The increasing participation from smaller cities, with over 50% of new investor folios coming from beyond major urban centres, highlights the expanding reach of mutual funds and their role in driving financial inclusion. The strong inflows into both equity and debt underline mutual funds as a preferred choice for long-term wealth creation. We will continue to focus on sustainable growth and creating value for our stakeholders, contributing to India's economic journey."
