Stocks

UTI AMC Q1 PAT up 53% to ₹155 crore

PTI New Delhi | Updated on July 29, 2021

The company reported a total income of ₹350.11 crore during the first quarter

UTI Asset Management Company has reported a 53 per cent jump in its profit after tax (PAT) at ₹155.03 crore in the June 2021 quarter.

In comparison, the company had posted a PAT of ₹101.36 crore in the same quarter of the preceding fiscal, UTI AMC said in a regulatory filing.

The company reported a total income of ₹350.11 crore during the first quarter-ended June 30 as compared to ₹270.37 crore in the same quarter a year ago.

AUM

For the quarter-ended June 30, UTI Mutual Fund’s average assets under management was ₹1,87,210 crore.

“We have observed a rising affinity of investors towards mutual funds even during market volatility and the uncertainty that has been caused due to the pandemic. UTI AMC also stands stronger and continues to maintain the growth graph,” Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said.

“We aim to stay focused to combat the volatility and emphasise on good returns while growing our investor base,” he added.

UTI AMC is the investment manager of UTI Mutual Fund. It has a countrywide network of branches along with a diversified distribution network.

Published on July 29, 2021

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