UTI Mutual Fund’s common property beneath administration stood at Rs 2.67 lakh crore and it had a market share of 5.68 per cent.
UTI Asset Management Company’s complete income from operations drops 7 per cent to Rs 404 crore throughout the quarter beneath evaluation
UTI Asset Management Company on Wednesday reported an 8 per cent decline in revenue after tax to Rs 183 crore in the September quarter. It had posted a revenue after tax of Rs 200 crore in the identical quarter of the previous fiscal, in accordance to a regulatory submitting.
The firm’s complete income from operations dropped 7 per cent to Rs 404 crore throughout the quarter beneath evaluation. In the yr-in the past interval, the identical was at Rs 435 crore. For the quarter ended September 30, 2023, UTI Mutual Fund’s common property beneath administration stood at Rs 2.67 lakh crore and it had a market share of 5.68 per cent.
Imtaiyazur Rahman, Chief Executive Officer of UTI AMC, mentioned the Indian mutual fund trade has always labored in direction of constructing monetary literacy in the nation for creating consciousness about numerous merchandise and in enabling traders to make knowledgeable funding selections. “With our growing geographical and digital reach in the country and our expertise in investment management combined with a large suite of products, UTI is well placed to capitalise on the opportunities offered by the markets,” he added.
UTI AMC is the funding supervisor of UTI Mutual Fund.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)
