UTI Asset Management has announced that its net profit grew 59 per cent to ₹86 crore in the March ended quarter of FY23 against ₹54 crore logged in the same period last year.
The fund house has declared a dividend of ₹22 per share.
Revenue from operations in the March quarter was marginally up at ₹309 crore (₹305 crore), while the overall expenses were down at ₹191 crore (₹208 crore).
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Assets under management of the fund house was up 15 per cent at ₹15.56-lakh crore (₹13.49 lakh crore).
Portfolio management service accounted for 67 per cent of AUM at ₹10.53-lakh crore followed by MF business and retirement solutions services that added up to 16 per cent and 15 per cent at ₹2.39-lakh crore and ₹2.41-lakh crore.
Inflows through systematic investment plan was up 8 per cent at ₹573 crore (₹531 crore).