UTI Asset Management Company Ltd (UTIAMC)

UTI Asset Management Company Limited UTI AMC was incorporated on November 14 2002 under the Companies Act 1956 issued by RoC. Subsequently pursuant to a Special Resolution approved in the Annual General Meeting on September 18 2007 the Company got converted to Public Limited and consequently its name was changed to UTI Asset Management Company Limited and a fresh Certificate of Incorporation effective from November 14 2007 was issued by RoC. The Company is registered with SEBI under the SEBI Mutual Funds Regulations 1996 with the object to carry on activities of raising funds for and render investment management services to schemes of UTI Mutual Fund. UTI AMC has been promoted by four sponsors namely State Bank of India Life Insurance Corporation of India Bank of Baroda and Punjab National Bank and each of them hold 25 of the paid up capital of UTI AMCUTI AMC is the Investment Manager to the schemes of UTI Mutual Fund. It also manages offshore funds and provides support to the Specified Undertaking of the Unit Trust of India.The Company is the Holding Company for UTI Venture Funds Management Company which manages Venture Funds and UTI International Ltd. which markets offshore funds to overseas investors. Another subsidiary is UTI Retirement Solutions Ltd. which acts as the fund manager to pension fund schemes.UTI AMC is a SEBI registered Portfolio Manager and offers discretionary nondiscretionary and advisory services to high net worth clients corporate and institutions.UTIAMC has been managing/advising the portfolios of domestic/offshore funds and mandates since inception in 2004. Some of the key offshore mandates/funds that the PMS Division has been advising/managing are Shinsei India Fund an equity fund based in Japan. India Dynamic Equity Fund a UCITS Fund registered in Dublin. K B India Fund a fund registered in Korea. Emirates India Fund a UCITS fund registered in Luxemburg.In the year of 2003 UTI Mutual Fund was registered with SEBI under the SEBI Mutual Fund Regulations.In the year 2004 the company took the initiative for acqusition schemes of ILFS mutual fund a long with its AUM by UTI Mutual Fund.In the year 2006 UTI International Singapore Private Limited was established as a Joint Venture with the Company. Besides it had also launched the Shinsei UTI India Fund in Japan a cobranded fund with Shinsei Bank of Japan.In 2007 the Companys subsidiary namely UTI RSL was incorporated with as its sponsor. Besides UTI RSL was appointed as one of the pension fund managers by PFRDA.In 2009 one of the two fund managers of the Postal Life Insurance Corpus were appointed by Company through which the UTI Mutual Fund Investor Folios crossed 10 million.In the year of 2010 the Company launched investor education initiative Swatantra . TRP became a Shareholder in it.In 2011 the incorporation of UTI Capital Private Limited was formed with the Company.In 2017 the Company launched Alternate Investment Fund UTI Structured Debt Opportunities Fund and Digiinvest Campaign.The Companys Mutual Fund Closing AUM was highest as on September 05 2018 at Rs 1766463.22 million in the year 2018.In 2019 the Company has been appointed as one of the two Fund Managers of the EPFO corpus. The UTI Retirement Solutions Limited AUM crossed Rs. 1000 billion. Amongst all SEBI licensed AMCs and their subsidiaries in India UTI AMC and its subsidiaries have largest asset under management of Rs 7674657.90 million as of September 30 2019 considering mutual funds QAAUM PMS Month end AUM and NPS Month end AUM assets as per CRISIL.In 2019 the Company had received Best Fund House: Debt Morningstar Awards 2019. During the FY 2020 UTI RSL have received two prestigious awards comprising of Best Pension Fund Manager of the Year by the Asia Asset Management and Gold Award winner at the Outlook Money Awards 2019 under the Pension Manager of the Year category.In the year of 2020 the Company has been appointed as portfolio manager of ESIC Fund to undertake functions of portfolio manager for CMPFO corpus. It has been further selected as Portfolio Manager by the Government of India for theNational Skill Development Fund funds of Postal Life Insurance funds of Employees Provident Fund EPFO funds of Coal Mine Provident Fund CMPFO Employees State Insurance Fund which are predominantly debtoriented funds.On January 20 2020 T. Rowe Price Group Inc. through its wholly owned subsidiary T. Rowe Price Global Investment Services Ltd. U.K.TRP acquired 26 stake in UTIAMC after obtaining all the requisite approvals from the Government of India SEBI and the RBI. Directors representing TRP have been inducted on UTIAMC Board. This ensures an effective amalgam of global technological expertise and the long experience with Indian capital markets.As on 31st March 2022 the Company had 4 direct subsidiaries and 3 stepdown subsidiaries.There were 3 funds launched during the FY 202122 viz. UTI Focused Equity Fund UTI BSE Sensex Index Fund and UTI SP BSE Low Volatility Index Fund with allotment date of 25th August 2021 19th January 2022 and 14th February 2022 respectively which garnered over Rs. 2770 crores worth of gross sales. The New Fund Offer NFO of UTI Midcap 150 Quality 50 Index Fund was opened on 28th March 2022 and closed on 5th April 2022. NFO units were allotted on 11th April 2022.During the FY 202122 change in fundamental attributes of schemes were carried out for creation of segregated portfolio in UTI Unit Linked Insurance Plan UTI ULIP details of which were announced dated 19th April 2021. Further there were cases of merger of schemes like merger of UTI Long Term Advantage Fund Series III UTI Long Term Advantage Fund Series IV UTI Long Term Advantage Fund Series V UTI Long Term Advantage Fund Series VI and UTI Long Term Advantage Fund Series VII closed ended ELSS into UTI Long Term Equity Fund Tax Saving and open ended ELSS details of which were announced dated 23rd August 2021.The Company manages 93 domestic mutual fund schemes comprising Equity Fixed Income Hybrid Liquid and Money Market Funds ETFs and Index Funds with the cumulative QAAUM of Rs. 223842 crore as of 31st March 2022.

UTI Asset Management Company Ltd Share Price: ₹680.15 per share as on 22 Mar, 2023 04:01 PM
UTI Asset Management Company Ltd Market Capitalisation: ₹8,834.56Cr as of today
UTI Asset Management Company Ltd Revenue: ₹293.39Cr as on December 2022 (Q4 22)
UTI Asset Management Company Ltd Net Profit: ₹60.01Cr as on December 2022 (Q4 22)
UTI Asset Management Company Ltd Listing date: 10 Dec, 2020
UTI Asset Management Company Ltd Chairperson Name: D K Mehrotra