UTI Asset Management Company Limited

As of 30 June 2020, the UTI Asset Management Company Limited (AMC) is the second-largest asset management company in India in terms of total assets under management (AUM). Further, it is the eighth-largest asset management company in India in terms of mutual fund quarterly average AUM (QAAUM). The AMC manages the domestic mutual funds of UTI Mutual Fund, provides portfolio management services to institutional clients and high net worth individuals (HNIs), and manages retirement funds, offshore funds, and alternative investment funds. As of June 30, 2020, the company’s total QAAUM for its domestic mutual funds was ₹1.33 lakh crore, while ‘Other AUM’ was ₹8.49 lakh crore. As per CRISIL, as of 31 March 2020, the company’s client base accounted for 12.2% of the approximately 89.7 million folios managed by the Indian mutual fund industry.