UTI AMC Q2 FY 24 concall updates –
Company inaugurated 29 new UTI offices across the country on 29 Sep taking the total tally to 195 offices
Company focussed on driving its presence in B-30 cities ( ie tier -2,3 cities ). 135 of company’s branches / offices are in B-30 cities
Launched their mobile app in Q2 for their customers and distributors with state of the art technology
Total AUMs at 16.9 lakh cr, up 17 pc yoy
Domestic MF AUMs at 2.67 lakh cr, up 14 pc yoy. UTI’s mkt share in MF industry at 7.8 pc at the end of Q2
Equity AUM at 78k cr, up 9 pc
ETFs AUM at 98k cr, up 35 pc !!!
Total live MF folios at 1.22 cr
Avg SIP/month at aprox Rs 540 cr with avg SIP size of Rs 3150 / month
23 pc of UTI MFs AUM are contributed by B-30 cities vs the industry avg from B-30 cities at 17 pc
Launched 04 new NFOs in H1
Consol revenues @ 404 vs 435 cr
PAT @ 220 vs 262 cr
Company has got the permission from SEBI to start their US operations
Company was following the growth strategy in equity MFs whereas the Mkt has been rewarding the value strategy offlate. Hence there has been pressure on equity MF mkt share. Company is making course corrections ( a key matrix to track )
Company holding an investment book of around Rs 3900 cr
Company has increased its mkt share in the Hybrid schemes
Likely to lunch 3 more ETFs in H2, FY 24. Not launching any active equity schemes as of now
Effective tax rate for full FY to be around 21-22 pc
Disc: hold a small tracking position
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