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UTI AMC Q2 Review - Strong Earnings Traction; Attractive Valuations: ICICI Securities

UTI AMC Q2 Review - Strong Earnings Traction; Attractive Valuations: ICICI Securities

<div class="paragraphs"><p>A man with an umbrella walks into the Unit Trust of India (UTI) tower in Mumbai. (Photographer: Adeel Halim/Bloomberg)</p></div>
A man with an umbrella walks into the Unit Trust of India (UTI) tower in Mumbai. (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, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

UTI Asset Management Company Ltd. continues to outperform in terms of AUM growth with improvement in the standalone mutual fund business' operating parameters as well as strong growth in international segment.

Our expectations of 65% core earnings CAGR between FY21-FY23E remains on track with Q2 FY22 core PAT crossing Rs 1 billion as cost levers remain available.

Valuations remain attractive

Click on the attachment to read the full report:

ICICI Securities UTI AMC Q2FY22 Results.pdf

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