UTI Asset Management Company Limited is an asset management company established in 2003 with State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India as sponsors. It has over Rs. 1.66 lakh crore in assets under management across mutual funds, portfolio management services, and other investments. It has a nationwide network of branches and distributors. For the period ending September 2018, the company reported revenue growth of 22% to Rs. 1,157 crore and profit growth of 25% to Rs. 402 crore compared to the previous year. The company is planning to launch an IPO of Rs. 5,000 crore by March 2019.

1. UTIAMCLtd
Share Holding %
State Bank of India 18.24
Life Insurance Corporation
of India 18.24
Bank of Baroda 18.24
Punjab National Bank 18.24
T. Rowe Price International
Limited 26.0
KEY PERSONNEL
NAME DESIGNATION
Mr. Suraj Kaeley
Group President, Sales,
and Marketing
Mr. I Rahman
Group President & Chief
Financial Officer
Mr. Vetri Subramaniam
Group President& Head-
Equity
Mr. Amandeep Chopra
Group President& Head-
Fixed Income
Stock Data
Paid up equity (in Rs. Cr.) 126.79
Outstanding shares
(qty in cr) 12.679
Face Value Rs.10
Established in 2003, UTI Asset Management
Company Limited, incorporated under the
Companies Act, 1956, is the asset management
company (AMC) for UTI Mutual Fund. The fund
was established as a trust under the Indian Trusts
Act, 1882, with State Bank of India, Punjab
National Bank, Bank of Baroda and Life Insurance
Corporation of India as the sponsors.
UTI AMC has assets under management across
different businesses which include domestic
mutual fund, Portfolio Management Services,
International business, Retirement Solutions,
Venture Funds and Alternative Investment
assets. The AMC’s average assets under
management for the period ended September 30,
2018 for the AMC stood at Rs. 1,66,608.96 crore.
With 150 branches, 47,000 highly trained IFAs, 320
Chief Agents and Business Development
Associates and over 1 crore investor accounts
under its 188 domestic schemes, UTI AMC is one
of the leading financial institutions in india. ICRA
has reaffirmed the credit risk rating of
[ICRA]AAAmfs/[ICRA]A1+mfs .

2. ProductOffering
 Equity Funds
 Debt Funds
 Liquid Funds
 Hybrid Funds
 Exchange Traded Funds
 Tax Savings Fund
 Retirement Planning Funds
 Child Career Planning Funds
 Investment cum Insurance Fund
 New Fund offers

3. TypesofBusiness
1. Domestic Mutual Fund business
As of March 31, 2018 UTI Mutual Fund had 231 schemes in operation with Average Asset
Under Management (AAUM) at Rs.1,54,939 crore as against Rs.1,36,810 crore in 2017.
2. Overseas Funds
The AUM of Funds management by UTI International Ltd. (100% subsidiary of the
Company) were Rs.18791 crore as on March 31, 2018 as compared to Rs.21,753.5 crore
in the previous year.
3. Portfolio Management Services
UTI PMS division had Assets Under Management / Advise amounting to Rs.1,15,853
crore as on March 31, 2018 as compared to Rs.1,01,522 crore in the previous year. UTI
PMS has 174 active clients which include High Net worth Individuals, Corporates,
Institutions, Government Organizations and Overseas Investors.

4. Subsidiaries
• UTI Venture Funds Management Co. Pvt. Ltd.
• UTI International Ltd. (100% subsidiary)
• UTI Retirement Solutions Ltd.
• UTI Capital Private Ltd. (100% subsidiary)

5. FinancialHighlights
PARTICULARS (Rs.cr)# 2018 2017
Revenue 1157 949
Y-O-Y growth 22% -
Profit before tax 566 435
Profit/ Loss for the year 402 321
Y-O-Y growth 25% -
Shareholder's Funds 2288 1916
Total assets 2550 2121
Loans & Advances 121 146
Book Value per share (in Rs.) 181 151
Earnings per share (in Rs.) 31.7 25.3
#consolidated

6. Financial Ratios
• After-tax profit margin (PAT Margin) is a financial performance ratio calculated by dividing net income by net
sales. A company's after-tax profit margin is significant because it shows how well a company controls its
costs. A high after-tax profit margin generally indicates that a company runs efficiently, providing more value, in
the form of profits, to shareholders.
• Return on equity (ROE) is a measure of financial performance calculated by dividing net
income by shareholders' equity. Because shareholders' equity is equal to a company’s assets minus its debt, ROE
could be thought of as the return on net assets.
PARTICULARS 2018 2017
PAT Margin (%) 34.7 33.8
ROE (%) 19.1 16.7
#consolidated

7. GrowthDrivers /TopReasonstoinvest
• UTI AMC is one of the oldest and 6th largest AMC ,AUM wise.
• It is a subsidiary of UTI Mutual fund and is an investment manager to the schemes of
UTI Mutual fund.
• Strong investors like SBI , LIC, Bank of Baroda , Punjab National Bank and T. Rowe Price
International Limited.
• Strong credibility, [ICRA]AAA mfs/ ICRA]A1+mfs rating outstanding.
• Strong nation wide network, pan india presence with 150 plus branches and 47,000
highly trained IFAs, 320 Chief Agents and Business Development Associates
• Revenue witnessed a growth of 22% y-o-y to Rs.1157 crore in 2017-18 from Rs.949
crore in 2016-17.
• Profit after tax growth of 25% to Rs.402 crore for 2017-18 (Rs.321 crore in 2016-17.)
• RBI has allowed 100 % foreign investment under the automatic route in other
financial services.
• Dividend paying, UTI AMC paid a dividend of 50% on the face value of Rs. 10/- for
2017-18.
• The country's mutual fund industry has a huge growth potential as Indian households'
savings amount to Rs 20-30 lakh crore which can be channelled into the mutual fund
investments.
• UTI AMC has completed 50 years as India’s leading Financial service institution and
was a sole vehicle of capital market investment for Indian Citizens till the early 90’s.

8. PeerComparison
Reliance Nippon Life AMC was the first AMC to list on exchange at a premium of 17.4 %
i.e Rs. 295.90 per share over the issue price of Rs. 252 on the NSE. Reliance Nippon was
valued around 0.06 -0.07 times its AUM.
PARTICULARS Reliance Nippon Life AMC
Total Revenue 1814
Profit after tax 522
PAT Margin 28.70%
ROE (%) 25.28
EPS (Rs.) 8.5

9. MediaBuzz
The UTI Asset Management Company could get the go-ahead to launch its long-pending
initial public offering. It is likely to come out with a Rs.5,000 crore IPO by next year or
before March 2019.
Disclaimer: Investment in unlisted/PRE IPO shares have the potential of giving high returns, they are also accompanied but higher risk due to
a variety of reasons. Investors need to exercise caution while investing in Unlisted/PRE IPO companies. Generally, they should have a
minimum time horizon of 3 years and should not allocate more than 50% of their equity in Unlisted/PRE IPO Shares. All facts and figures
taken from the shareholders report available in public domain, Analah doesn’t take any responsibility of the above numbers.