UTI AMC net up 17% to ₹132 crore
Income was down marginally at ₹415 crore (₹419 crore)
UTI Asset Management Company's net profit for the September quarter rose by 17% to ₹132 crore, up from ₹113 crore in the same period last year. Despite a slight dip in income to ₹415 crore, the average quarterly asset under management increased by 6% to ₹4.02 lakh crore. The equity assets under management saw a decrease, while hybrid assets grew by 3%. Passive funds assets expanded, and fixed assets declined by 17%. Cash and arbitrage assets rose by 11%. SIP contributions surged by 27%.
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