Latest news with #UTIAMC
News18
24-07-2025
- Business
- News18
UTI AMC Q1 profit drops 7 pc to Rs 237 cr
Agency: PTI New Delhi, Jul 24 (PTI) UTI Asset Management Company (AMC) on Thursday posted a 7 per cent decline in its consolidated profit after tax to Rs 237 crore for the quarter ended June 2025. The company had posted a profit after tax of Rs 254 crore in the same quarter of the preceding fiscal (2024-25). Its revenues from operations rose 3 per cent to Rs 547 crore in the quarter under review from Rs 529 crore in the April-June quarter of FY25, according to an exchange filing. 'Q1 FY26 has offered a strong start to the financial year both for UTI AMC as well as the mutual fund industry. At the company level, we have seen a notable growth in AUM and steady SIP inflows depicting a progressive curve in the last quarter," Imtaiyazur Rahman, Managing Director & Chief Executive Officer, said. As of June 2025, the total group assets under management (AUM) for UTI AMC stood at Rs 21.93 lakh crore. UTI Mutual Funds' quarterly average asset base was at Rs 3.61 lakh crore. PTI SP MR MR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
16-07-2025
- Business
- Business Standard
AMC stocks at new highs, gain upto 74% from 2025 lows; time to book profit?
Shares of HDFC AMC, NAM-India, UTI AMC and Aditya Birla AMC were quoting at record highs levels; following a sharp rebound from the calendar year lows. Here's a likely guide on the near-term trend. Rex Cano Mumbai Listen to This Article Shares of asset management companies (AMC) have witnessed a phenomenal run on the bourses from the calendar year (2025) lows, and are now seen trading at new life-time highs. Nippon Life India AMC (NAM-India), in particular, has zoomed over 74 per cent from a low of ₹492 in the month of April, to a record high of ₹861. Shares of HDFC AMC, Aditya Birla Sun Life AMC and UTI AMC have surged in the range of 53 - 59 per cent from their respective calendar year lows. In comparison, the BSE Sensex and the NSE Nifty have gained around
Time of India
10-07-2025
- Business
- Time of India
UTI AMC, HDFC, Nippon rally up to 6% after June AMFI data, ICICI Prudential IPO plans
AMFI Data Live Events ICICI Prudential AMC IPO filing Shares of asset management companies (AMCs), including UTI AMC HDFC AMC , and Nippon Life India AMC surged up to 6% on Thursday. The rally followed the release of June mutual fund data by the Association of Mutual Funds in India ( AMFI ) and ICICI Prudential AMC 's filing for an initial public offering ( IPO ), which boosted investor sentiment across the of UTI AMC surged the most, rising 6% to hit the day's high of Rs 1,429 from the previous close of Rs 1,343, while HDFC AMC and Nippon Life India Asset Management also gained around 2% Prudential Asset Management Company, India's second-largest asset manager by assets under management, has submitted draft IPO documents to the Securities and Exchange Board of India (SEBI) on July 8, aiming to launch a public Read | Gold ETFs: 600% surge in monthly inflows to Rs 2,080 crore. Are you late to the party? According to AMFI data, the net inflows into equity mutual funds (MFs) jumped 24% to Rs 23,587 crore in June compared with inflows of Rs 19,013 crore in the 11 sub-categories of equity mutual funds, all categories except ELSS recorded inflows in June. Flexi cap funds remained investors' favourite, attracting the highest inflows of Rs 5,733 crore, compared to Rs 3,841 crore in May, marking a 49% month-on-month mutual funds witnessed outflows of Rs 1,711 crore in June, compared to Rs 15,908 crore in outflows during the previous month. Among the 16 sub-categories, eight recorded inflows, while the remaining eight saw outflowsShort-duration funds received the highest inflow of Rs 10,276 crore, followed by money market funds, which saw inflows of Rs 9,484 crore during the same period. On the outflow side, liquid funds saw the highest outflow of Rs 25,196 crore in June, compared to an inflow of Rs 40,205 crore in funds saw a 12% rise in monthly inflows, receiving Rs 23,222 crore in June, up from Rs 20,765 crore in May. Arbitrage funds attracted the highest inflow among hybrid categories at Rs 15,584 schemes, which include passive funds such as index funds and ETFs, saw a decline of 28% in monthly inflows. These funds received an inflow of Rs 3,997 crore in June against an inflow of Rs 5,525 crore in overall mutual fund inflows went up by 67% on a monthly basis to Rs 49,301 crore in June, against an inflow of Rs 29,572 crore in total assets under management (AUM) registered a growth of 3% on a monthly basis. The total mutual fund AUM stood at Rs 74.14 lakh crore in June, compared to Rs 71.93 lakh crore in Read | Equity mutual fund inflows jump 24% to Rs 23,587 crore in June: AMFI Data The proposed ICICI Prudential AMC IPO is structured entirely as an offer for sale (OFS) of 1.76 crore equity shares by Prudential Corporation Holdings, the UK-based joint venture partner. As there is no fresh issue involved, all proceeds from the offering will go directly to the selling shareholder, with ICICI Prudential AMC receiving no capital infusion from the successful, the IPO will make ICICI Prudential AMC the fifth company from the ICICI Group to be publicly listed, joining ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities. It will also become the fifth asset management firm to go public, following HDFC AMC, UTI AMC, Nippon Life India AMC, Aditya Birla Sun Life AMC, and Shriram IPO is being managed by an unprecedented 18 merchant bankers — the highest ever for an Indian IPO. These include global and domestic firms such as Citigroup, Morgan Stanley, BofA Securities, Axis Capital , CLSA, IIFL Capital, Kotak Mahindra Capital, Nomura, SBI Capital, ICICI Securities, Goldman Sachs, Avendus Capital, BNP Paribas JM Financial , Motilal Oswal, Nuvama Wealth, and UBS Securities India.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
10-07-2025
- Business
- Economic Times
UTI AMC, HDFC, Nippon rally up to 6% after June AMFI data, ICICI Prudential IPO plans
iStock The proposed ICICI Prudential AMC IPO is structured entirely as an offer for sale (OFS) of 1.76 crore equity shares by Prudential Corporation Holdings. Shares of asset management companies (AMCs), including UTI AMC, HDFC AMC, and Nippon Life India AMC surged up to 6% on Thursday. The rally followed the release of June mutual fund data by the Association of Mutual Funds in India (AMFI) and ICICI Prudential AMC's filing for an initial public offering (IPO), which boosted investor sentiment across the sector. Shares of UTI AMC surged the most, rising 6% to hit the day's high of Rs 1,429 from the previous close of Rs 1,343, while HDFC AMC and Nippon Life India Asset Management also gained around 2% each. ICICI Prudential Asset Management Company, India's second-largest asset manager by assets under management, has submitted draft IPO documents to the Securities and Exchange Board of India (SEBI) on July 8, aiming to launch a public offering. Also Read | Gold ETFs: 600% surge in monthly inflows to Rs 2,080 crore. Are you late to the party?According to AMFI data, the net inflows into equity mutual funds (MFs) jumped 24% to Rs 23,587 crore in June compared with inflows of Rs 19,013 crore in May. Among the 11 sub-categories of equity mutual funds, all categories except ELSS recorded inflows in June. Flexi cap funds remained investors' favourite, attracting the highest inflows of Rs 5,733 crore, compared to Rs 3,841 crore in May, marking a 49% month-on-month mutual funds witnessed outflows of Rs 1,711 crore in June, compared to Rs 15,908 crore in outflows during the previous month. Among the 16 sub-categories, eight recorded inflows, while the remaining eight saw outflowsShort-duration funds received the highest inflow of Rs 10,276 crore, followed by money market funds, which saw inflows of Rs 9,484 crore during the same period. On the outflow side, liquid funds saw the highest outflow of Rs 25,196 crore in June, compared to an inflow of Rs 40,205 crore in funds saw a 12% rise in monthly inflows, receiving Rs 23,222 crore in June, up from Rs 20,765 crore in May. Arbitrage funds attracted the highest inflow among hybrid categories at Rs 15,584 schemes, which include passive funds such as index funds and ETFs, saw a decline of 28% in monthly inflows. These funds received an inflow of Rs 3,997 crore in June against an inflow of Rs 5,525 crore in overall mutual fund inflows went up by 67% on a monthly basis to Rs 49,301 crore in June, against an inflow of Rs 29,572 crore in total assets under management (AUM) registered a growth of 3% on a monthly basis. The total mutual fund AUM stood at Rs 74.14 lakh crore in June, compared to Rs 71.93 lakh crore in May. Also Read | Equity mutual fund inflows jump 24% to Rs 23,587 crore in June: AMFI Data The proposed ICICI Prudential AMC IPO is structured entirely as an offer for sale (OFS) of 1.76 crore equity shares by Prudential Corporation Holdings, the UK-based joint venture partner. As there is no fresh issue involved, all proceeds from the offering will go directly to the selling shareholder, with ICICI Prudential AMC receiving no capital infusion from the successful, the IPO will make ICICI Prudential AMC the fifth company from the ICICI Group to be publicly listed, joining ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities. It will also become the fifth asset management firm to go public, following HDFC AMC, UTI AMC, Nippon Life India AMC, Aditya Birla Sun Life AMC, and Shriram AMC. The IPO is being managed by an unprecedented 18 merchant bankers — the highest ever for an Indian IPO. These include global and domestic firms such as Citigroup, Morgan Stanley, BofA Securities, Axis Capital, CLSA, IIFL Capital, Kotak Mahindra Capital, Nomura, SBI Capital, ICICI Securities, Goldman Sachs, Avendus Capital, BNP Paribas, HDFC Bank, JM Financial, Motilal Oswal, Nuvama Wealth, and UBS Securities India. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
10-07-2025
- Business
- Business Standard
HDFC AMC, UTI AMC: Uptick in SIP flows turn analysts bullish on AMC stocks
AMC stocks India: AMC stocks to buy: Mutual fund inflows, strong SIPs, and market recovery boost earnings outlook for AMCs. UTI AMC, HDFC AMC, Nippon AMC among top picks from brokerages Listen to This Article AMC stocks to buy: Investors latched on to shares of asset management companies (AMCs) on Thursday as analysts saw further upside in the sector, driven by steady mutual fund (MF) flows and a recovery in the secondary market. This, they said, should aid earnings recovery for related players in the coming quarters. On the bourses, UTI Asset Management Company (UTI AMC) shares hit a record high of ₹1,428 per share on the BSE, rising 6.3 per cent in the intraday trade. Shares of HDFC AMC, Shriram AMC, Nippon Life India Asset Management, Escorp Asset Management, and
