News From Press SBI plans to sell 8.25% stake in UTI AMC via IPO

SBI plans to sell 8.25% stake in UTI AMC via IPO

In August last year T Rowe Price had filed a case in the Bombay High Court against the Union government asking it to prevent four PSU financial investors from scuttling UTI’s attempts at an IPO.

Financial Express Dec 5, 2019

State Bank of India (SBI), the country’s largest lender, has decided to sell up to 8.25% stake in UTI Asset Management Company (AMC) through an initial public offering (IPO). Sources in the mutual fund industry say the fund house is likely to file its offer document with the Securities and Exchange Board of India (Sebi) in January.

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

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