IDBI Capital: UTI AMC IPO - Old Player But Not Retired

With Rs 1.3 trillion in AUMs as of June 2020, UTI AMC commands a market share of 5.4% in India’s mutual fund industry.

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

UTI Asset Management Company Ltd. the second largest asset management company in terms of total asset under management while it is eighth largest AMC in terms of mutual fund quarterly average asset under management as of June 2020.

With a total AUM of Rs 1.3 trillion as of June 2020, it commands a market share of 5.4% in the industry.

Client base accounts of 12.2% (10.9 million folio) out of total industry folio of 89.7 million folio.

AMC revenues and profit after tax declined from FY18 to FY20 but has high shares of B-30 centers in AUM at 24% versus 15.1% for the industry which provide growth opportunities.

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IDBI Capital UTI AMC IPO Note.pdf
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