UTI AMC net up 17% to ₹132 crore
Income was down marginally at ₹415 crore (₹419 crore)
The net profit of UTI Asset Management Company rose by 17 percent to ₹132 crore in the September quarter, compared to ₹113 crore in the same period last year. Despite a slight dip in income to ₹415 crore, the company's asset management activities showed significant growth. The average quarterly assets under management increased by 6 percent to ₹4.02 lakh crore, while equity assets under management decreased marginally at ₹99,306 crore.
Hybrid assets saw a 3 percent rise, reaching ₹34,504 crore. Passive funds assets expanded to ₹1.88 lakh crore, whereas fixed assets declined by 17 percent to ₹34,416 crore. Additionally, cash and arbitrage assets grew by 11 percent to ₹47,574 crore. The quarter also witnessed a notable surge in Systematic Investment Plan (SIP) contributions, which increased by 27 percent to ₹2,980 crore, compared to ₹2,338 crore in the previous year.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- UTI AMC net up 17% to ₹132 crore thehindubusinessline.com
