ADVERTISEMENT

ICICI Direct: UTI AMC IPO Review

UTI AMC has been active in India’s mutual industry for over 55 years. Its sponsors include SBI and LIC of India.

A man with an umbrella walks into the Unit Trust of India (UTI) tower in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)
A man with an umbrella walks into the Unit Trust of India (UTI) tower in Mumbai, India. (Photographer: Adeel Halim/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.

ICICI Direct Report

UTI Asset Management Company, a predecessor of Unit Trust of India, is the second largest asset management company in terms of total asset under management and eighth largest AMC in terms of mutual fund quarterly average AUM as on June 30, 2020.

As on June 2020, total QAAUM for domestic mutual funds was at Rs 1,33,630 crore while other AUM was at Rs 8,49,390 crore.

UTI AMC manages mutual funds of UTI Mutual Fund and provides portfolio management services to institutional clients and high net worth individuals (HNIs).

Furthermore, it also manages retirement funds, offshore funds and alternative investment funds.

The company has been active in the AMC industry for over 55 years with its sponsors including State Bank of India, Life Insurance Corporation of India, Punjab National Bank, Bank of Baroda and T Rowe Price.

Click on the attachment to read the full report:

ICICI Direct UTI AMC IPO Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.