Profit After Tax increased by 53% from Rs.101 Cr in Q1 FY21 to Rs.155 Cr in Q1 FY22, up 16% QoQ
Profit Before Tax increased by 52% from Rs.125 Cr in Q1 FY21 to Rs.190 Cr in Q1FY22, up 25% QoQ
Total income grew by 30% to Rs. 350 Cr in this quarter from Rs.270 Cr in Q1 FY21
Operating Profit margin stands at 58% compared to 56% in last quarter
Business Highlights
Total AUM of UTI has increased by 22% from Rs.9,83,203 Cr in Jun-20 to Rs.12,00,882
Out of the total AUM, PMS constitute 67% of total AUM, MF – 16%, retirement services – 15% and alternate investment funds – 2%
Mutual Fund QAAUM (Quarterly Average Assets Under Management) has shown a YOY growth of 40% from Rs.1,33,631 Cr in Jun-20 to Rs.1,87,210 Cr in Jun-21
Total Equity and hybrid QAAUM has reported a growth of 48.8%. Equity QAAUM has grown by 62.3% and hybrid QAAUM has grown by 24.9%.
Passive funds are gaining traction while QAAUM of income and liquid funds is growing steadily. All categories saw inflow except income fund.
Gross SIP inflows stood at Rs.1,009 Cr and SIP AUM increased by 55.5% from Rs.9,985 Cr in Jun-20 to Rs.15,523 Cr in Jun-21
YOY reduction in employee cost due to reduced ESOP cost. Employee cost has increased sequentially because of increased annual incremental cost of salary and variable cost
Number of digital purchase transactions grew by 106.5% and number of digital SIP transactions grew by 203.1% in Q1 FY22 compared to Q1 FY21
Total number of employees have increased from 1441 in Q4 FY21 to 1457 in Q1 FY22
Other Key Highlights
UTI AMC has appointed Mr Vetri Subramanian as the Chief Investment Officer and Mr Ajay Tyagi as the Head of Equities
There are two NFOs in pipeline which have received SEBI’s approval- UTI Focused Equity Fund & UTI Multicap Fund
Company is looking forward to expand its retirement solution business and getting more clients especially institutions
It plans to launch three more funds
It is focusing on the digital side and refreshing its mobile app as well as website to make it more investor friendly. It has launched UTI Buddy mobile app for distributors.
They are partnering with registered investment advisors and fintechs to acquire new customers with the most recent being Phone Pe. Some other fintechs are Grow, Paytm money, ET Money
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