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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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  • COMMITTED TO CREATING ROBUST VALUE FOR SHAREHOLDERS

COMMITTED TO CREATING ROBUST VALUE FOR SHAREHOLDERS

At UTI AMC, we have always endeavoured to create healthy returns for our shareholders. And to improve shareholders’ value, we believe it is essential to build a resilient business model and earn higher profitability through ethical business practices.

We are one of the pioneers of the Indian MF industry. We pride ourselves on our long-term track record of product and solution innovations that endeavour to deliver consistent and stable returns across economic cycles, eventually driving AUM growth.

We have, to our credit, launched many funds in the past, which were first in their respective categories in India. Also, five of our funds have over 25 years of track record.

India’s 1st Equity-

oriented Fund — UTI Mastershare Unit Scheme

India’s Largest

Dividend Yield Fund — UTI Dividend Yield Fund

India’s 1st

Tax Saving cum Insurance Fund — UTI ULIP

India’s Largest

Non-ETF Index Fund — UTI Nifty Index Fund

Stable Investment Performance

Over decades, we have been delivering consistent and stable investment performance. Our investment philosophy aims to provide investment outperformance against benchmarks and competitors. Our rigorous investment research processes consider both qualitative and quantitative factors. These are further led by rating systems and proprietary research methodologies emphasising risk mitigation and drive performance through robust investment decisions.

Profitability

Our strategy entails focussing on high-yielding products like Equity and Fixed Income through active fund management for achieving higher profitability. Thus, we have all the desired levers to move ahead and capture the profitable assets in the market. At the same time, we have also undertaken many initiatives to bring down our costs through investments in technology, process improvements and employee training to improve our bottom-line overall.

Hence, to achieve profitable growth, we focus on the following:

  • Increasing our market share in high-yielding Equity, Hybrid and Debt products
  • Bringing in new investors into UTI fold
  • Focussing on underpenetrated markets
  • Growing other lines of business like PMS, AIFs, International and Retirement businesses to contribute significant revenue to the overall business
Inputs Outcomes Capitals Impacted Stakeholders Impacted
INR 3,226 crore
Consolidated
Networth

Zero Debt
INR 494 crore Profit after Tax

16.50% Return on Capital
Employed

15% Return on Equity
(Consolidated)

INR 38.97 Earnings Per Share

43.62% Dividend Payout Ratio
(Consolidated)

61.28% Dividend Payout Ratio
(Standalone)
Human
Service
Financial
Shareholders
Employees

Performance Analysis

Despite the severe headwinds faced on account of Covid-19 during 2020-21, we made significant progress on delivering against our set targets.

(INR in crore except per equity share data)
Matrix 2019-20 2020-21 Percentage/bps Growth
Revenue 889.96 1,198.63 34.68%
PAT 271.46 494.14 82.03%
PAT Margins 30% 41% 1,100 bps
ROE 10% 15% 500 bps
Total AUM 9,79,847 11,61,256 18.51%
Equity-oriented AUM 79,376 1,28,200 61.51%
Hybrid-oriented AUM 62,201 70,726 13.70%
Debt-oriented AUM 8,38,270 9,62,130 14.78%

*PAT: Profit After Tax *ROE: Return on Equity *AUM: Assets Under Management

In order to create robust value for our shareholders, we have constantly been improving our profitability. As we advance, the AUM size, product mix, and our improved cost structures, adopted to manage on an automated and integrated basis, will drive our enhanced profitability. We have also been bringing down our costs while consciously increasing the proportion of more profitable products. With a substantial contribution coming in from B30 cities in higher fee products like Domestic Active Equity and Hybrid Funds, we are likely to improve our profitability in the future while enhancing shareholder value.