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This Article is From Sep 29, 2020

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

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

Click on the attachment to read the full report:

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.

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