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UTI ASSET MANAGEMENT COMPANY LIMITED

FINANCIAL STATEMENTS OF SUBSIDIARY COMPANIES

CONSOLIDATED FINANCIAL STATEMENTS OF UTI ASSET MANAGEMENT COMPANY LIMITED

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MATERIALITY AND STAKEHOLDER ENGAGEMENT AT UTI AMC

At UTI AMC, being part of the Mutual Fund industry, our business is dependent on relationships with our several stakeholders including customers, employees, shareholders, business associates, communities, and regulators, among others. We believe that a successful business is all about strong relationships.

While engaging with our stakeholders, it is highly imperative to take cognisance of the material aspects that could impact our ability to create value over the short, medium and long-term horizons. This belief fosters an inclusive approach focussed on understanding their needs, interests and expectations.

We regularly engage with them and periodically review these material aspects in the context of the macroeconomic environment, changing business environment, social, emerging trends and feedback from stakeholders. In identifying the material issues, we follow a process to determine those issues which could significantly impact the sustainability of the business across various cycles. As a result, enabling us to create value for both, the organisation as well as the stakeholders.

Parameters of high importance
Customer-centricity Economic Responsible business practices
Customer service Economic performance Ethical practices, anti-bribery, and corruption
Data protection and information security Risk modelling and management Transparency and disclosures
Stability of system and processes Financial performance Responsible investment
Innovation and IT deployment Cost control and profit margin Community well-being
Customer protection and satisfaction Market/Product competition Risk and capital management
Product quality Industry trends Climate change
Technological advancement Delivering appropriate shareholders’ returns Grievance mechanisms
Brand loyalty and Company reputation   Diversity and inclusion
Investor awareness programmes and financial literacy   Employee engagements
    Occupational health and safety
    Human rights
    Gender diversity
    Talent retention and succession
    Operational excellence
    Waste management

Process used to identify material issues

Stakeholder identification

Development of mechanism to communicate with them on a regular basis

Recording the responses and filtering those on the basis of their needs, demands and expectations

Rating them by the level of importance for us and from stakeholder standpoint

Arrive at the material aspects for the business

Consider these as priorities, at Board level to comprehend if these can be included as part of strategic way forward