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Summary of UTI Asset Management Company
Let’s have a detailed review of the company and analytics of the UTI Asset Management
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company IPO release date, IPO offer price, subscription, UTI AMC Pre IPO allotment, grey
market price and other details like the company’s background, its financial positions, and its other related things.
UTI Asset Management company Ltd. was incorporated on November 14, 2002 and
commenced operations from February 1, 2003. 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 Asset Management
Company. UTI Asset Management was converted from a private limited company to a limited
company with effect from November 14, 2007.
On January 20, 2010 T.Rowe Price Group Inc. through its wholly owned subsidiary T.Rowe Price
Global Investment Services Ltd. U.K.(TRP) acquired 26% stake in UTI AMC after obtaining all the
requisite approvals from the Government of India, SEBI and the RBI. Directors representing TRP
have been inducted on UTI AMC board. This ensures an effective amalgam of global
technological expertise and the long experience with Indian capital markets.
UTI Asset Management Company 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.
It 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 Asset Management Company is a SEBI registered Portfolio Manager bearing registration
number PM/INP000000860 and offers discretionary, non-discretionary and advisory services to
high net worth clients, corporates and institutions.
UTI AMC has been managing/advising the portfolios of domestic/offshore funds and mandates
since its inception in 2004. Some of the key offshore mandates/funds that the PMS Division has
been advising/managing are:
1. Shin sei India Fund, an equity fund based in Japan.
2. Rainbow Fund, registered in Mauritius as a multi-class equity fund.
3. India allocation of the United China-India Dynamic Growth Fund, based out of Singapore.
4. Investment manager to the Al Madina India Fund, a Shariah compliant Fund registered in
Kuwait.
About UTI Asset Management Company Ltd
1. We are the seventh largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL. With more than 11 million Live Folios as of September 30, 2019, our client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. Our history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.
2. We are a professionally managed company led by our Board of Directors and a dedicated and experienced management team. For purposes of the SEBI Mutual Fund Regulations, our four sponsors are the State Bank of India (“SBI”), Life Insurance Corporation of India (“LIC”), Punjab National Bank (“PNB”) and Bank of Baroda (“BOB”)
(collectively, the “Sponsors”), each of which has the Government of India as a majority shareholder. T. Rowe Price Group, Inc., a global asset management company, is our other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”).
3. We have a national footprint and offer our schemes through a diverse range of distribution channels. As of September 30, 2019, our distribution network includes 163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (46 of whom operate Official Points of Acceptance (“OPAs”)) and 33 other OPAs, most of which are in each case located in B30 cities. Our IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019.
Strength of UTI AMC The company’s biggest strength is its assets under management across different businesses which include domestic mutual fund, Portfolio Management Services, International Business,
Retirement Solutions, Venture Funds, and Alternative Investment assets.
UTI Asset Management Company has contributed immensely to industrial and capital growth in
the Indian market.
UTI AMC is India’s most trusted Wealth creators and always has the interest of its investors in its heart. UTI has completed 50 years as India’s leading Financial service institution and was the sole vehicle of capital market investment for Indian Citizens till the early 90’s.
Financial review of UTI Asset Management Company
The total income of the company is growing with a CAGR of 5.72% to reach approx. Rs. 1008.25
Cr. in FY 2019 as against 853.18 in FY 2017 and this year the company has also reduced its
expenses by 3.9%.
Over the course of 3 years, the company’s EPS grew with a compound annual growth rate (CAGR) of 6.2 %.
This year the company has recorded a Net Profit of Rs. 348.36 Cr. as against Rs. 290.81 Cr. in FY
2017 recorded growth of approx. 19.7 %.
The net cash flow of the company is positive this year, approx. Rs. 6.46 Cr. as against Rs. -0.76
Cr. in FY 2017.
UTI Asset Management Company IPO Allotment Status, Subscription, Price, Date & More. UTI Asset Management Company unlisted shares date has not been released yet. Once the IPO
date has been issued, the subscription details will be updated regularly. The Allotment status
will be announced about 3–4 weeks of the IPO issue date. The price band of the IPO will be
known only after the offer price of the IPO issues is known. One can know about the price band
of the IPO in about a week. UTI AMC share price will be announce soon.
Planify view over UTI Asset Management Company - The company has contributed immensely to industrial and capital growth in the Indian market.
UTI AMC Shares are very good for the purpose of investment.
- Mr. Rahman CEO of Company has been with the UTI Group since 1998 and with UTI AMC since
2003 where he heads, the functions of Finance, Accounts, Taxation, Information Technology.
- Overall Company’s Financials are quite good and we at Planify rate it 4 out of 5 for the excellent performance of its Schemes/plans.
Want to buy UTI Asset Management Company Unlisted Shares? Come right to us!
- Mail Us On — help@planify.in
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