UTI Asset Management Company Ltd. share price target

UTI AMC, the second largest AMC in India in terms of total AUM, is 8th largest in terms of QAAUM (`1,33,600cr) as of June 30, 2020. In terms of live folios, UTI AMC accounts for 12.2% of the 89.7mn industry folios as of March 31, 2020. Outlook & Valuation: At the upper end of

UTI AMC the 2nd largest Asset management company in terms of Total AUM while it is 8th largest AMC in terms of Mutual fund QAAUM as of June 2020. With a total AUM of Rs 1.3Tn as of June 2020, it commands a market share of 5.4% in the industry. Client base accounts of 12.2% (10.9mn folio) out of total industry folio of 89.7mn folio. AMC revenues and PAT declined from FY18 to FY20 but has high shares of B-30 centers in AUM at 24% vs 15.1% for the industry which provide growth opportunities. At upper price band, IPO is priced at a P/E of 25.7x and P/AUM of 5.3% which is discount to its peers AMC (Nippon India P/E of 37.7x, P/AUM of 6.1% and HDFC AMC with P/E of 35.6x...

IPO NOTE

UTI Asset Management Company Limited - IPO Note Issue Open: Sept 29 Oct 01, 2020 Price Band: Rs. 552 554 Issue Size: 38,987,081 eq shares (Entirely Offer for sale) Issue Size: Rs. 2152.1 2159.9 cr Reservation for: QIB Upto 19,393,540 eq sh Non Institutional atleast 5,818,062 eq sh Retail atleast 13,575,479 eq sh Employee Upto 200,000 eq sh

UTI Asset Management Company (AMC) was incorporated in 2002. UTI AMC & its predecessor (Unit Trust of India) have been active in the asset management company for more than 55 years, having established as the first mutual fund in India. UTI is the second largest AMC in terms of total AUM (Asset under Management) and eighth largest AMC in terms of mutual fund QAAUM (Quarterly Average Asset Under Management) as of June 30, 2020 as per CRISIL. UTI manages the domestic mutual funds of UTI Mutual Fund, provides portfolio management services (PMS) to institutional & high net worth...

UTI AMC, a predecessor of Unit Trust of India, is the second largest asset management company (AMC) in terms of total AUM and eighth largest AMC in terms of mutual fund quarterly average AUM (QAAUM) as on June 30, 2020. As on June 2020, total QAAUM for domestic mutual funds was at | 1,33,630 crore while other AUM was at | 8,49,390 crore. UTI AMC provides discretionary PMS to Employees Provident Fund Organization (EPFO), Postal Life Insurance (PLI), National Skill Development Fund (NSDF) and advisory PMS to various offshore and domestic accounts....