UTI Asset Management Company Limited (UTIAMC)
Large CapFinancial Services stocks · Large cap · NSE
UTI Asset Management Company Limited is India's oldest mutual fund, a customer-centric global asset management firm. It operates across Mutual Funds, Alternate Investment Funds, Pension Business, and Portfolio Management Services. The company covers 699 districts, partners with ~99,276 MFDs, and has a strong presence in B30 cities. It is a professionally managed, listed company with robust governance and an international footprint.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 1/6 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Good · 60/100Rev +7% YoY · PAT +16% YoY · margin expansion · +50% QoQ · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹584 Cr | +6.8% | +49.7% |
| EBITDA | ₹383 Cr | +12.6% | +3291.7% |
| Operating margin | 66.0% | +400 bps | +6910 bps |
| PAT | ₹294 Cr | +15.8% | NDF |
| PAT margin | 50.3% | +390 bps | +6342 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Q1 FY27 consolidated core PAT grew 6% YoY and 31% QoQ to ₹129 cr. Total Group AUM declined 6% YoY and 12% QoQ to ₹20.57 lakh cr, while UTI MF QAAUM grew 9% YoY and 1% QoQ to ₹3.93 lakh cr. Core revenue was flat YoY but up 1% QoQ.
UTIAMC's core business shows resilience with Q1 FY27 core PAT and MF QAAUM growing YoY. However, total group AUM saw a significant decline, primarily due to UTI International. Strong B30 presence and digital adoption are positives, but the overall AUM trend, especially in non-MF segments, needs close monitoring.
Group AUM by Entity (June 2026)
Latest issuer-disclosed distribution across 5 reported categories.
Passive AUM Growth
Passive QAAUM demonstrates 15.87% YoY growth.
SIP Book
SIP remains Cornerstone for AUM Performance with 8.05% YoY SIP AUM growth.
B30 Cities Penetration
Strong presence in B30 cities with 202 branches, enabling new client acquisition and capitalizing on future growth.
Digital Adoption
15% growth in digital SIP transactions in Q1 FY27 YoY, reflecting acceptance of digital platforms.
UTI Financial Centres
255 UTI Financial Centres, with 202 located in B30 cities.
UTI Pension Fund Schemes
Filed four new schemes under the Multi Scheme Framework.
UTI Alternatives Funds
SDOF IV received commitments worth INR 886 Cr. MOF II launched with anchor commitments of INR 300 Cr.
B30 City Growth
Established presence in B30 cities positions the company to capitalize on future growth in underpenetrated cities.
Higher B30 Margins
B30 AUM aids overall margins as these are stickier in nature and offer comparatively higher margins.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY comparison is crucial for assessing long-term growth and market share trends in the asset management business, while QoQ provides insight into sequential momentum, especially for financial performance and AUM flows.
UTI MF QAAUM
₹3,92,691 cr, 9% YoY, 1% QoQ
Total Group AUM
₹20,56,871 cr, (6%) YoY, (12%) QoQ
Industry MF QAAUM
₹83,14,467 cr, 15.26% YoY, 1.97% QoQ
Total MF QAAUM Market Share
4.72%
Build & Retain Investment Team
Continuous endeavor to build and retain highly competent and motivated investment team across asset classes.
Strengthen Distribution
Further build distribution capabilities and strengthen existing relationships with partners.
Enhance Pension & AIF Leadership
Enhance standing as a leader in Pension and AIF Business.
Augment International Presence
Augment our International Presence.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Total Group AUM | ₹20.57 lakh cr (Q1 FY27) | Monitor growth across all segments, especially UTI International and UTI PFL, which contribute significantly to Group AUM. |
| UTI MF QAAUM | ₹3.93 lakh cr (Q1 FY27) | Track market share trends and growth in equity and passive segments. |
| Core PAT Growth | 6% YoY (Q1 FY27) | Observe sustained growth in core profitability and margin expansion. |
| Digital Transaction Growth | 15% YoY in digital SIP transactions (Q1 FY27) | Monitor continued adoption and contribution of digital channels to sales and servicing. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
UTI AMC will continuously endeavor to augment its international presence.
"Augment our International Presence"
UTI AMC will continuously endeavor to augment its international presence.
"Augment our International Presence"
UTI AMC will continuously endeavor to enhance its standing as a leader in the Pension and AIF business.
"Enhance our standing as a Leader in Pension and AIF Business"
UTI AMC will continuously endeavor to enhance its standing as a leader in the Pension and AIF business.
"Enhance our standing as a Leader in Pension and AIF Business"
UTI AMC will continuously endeavor to further build distribution capabilities and strengthen existing relationships with partners.
"Further Build our Distribution Capabilities and Strengthen Existing Relationship with our Partners"
UTI AMC will continuously endeavor to further build distribution capabilities and strengthen existing relationships with partners.
"Further Build our Distribution Capabilities and Strengthen Existing Relationship with our Partners"
UTI AMC is positioned to capitalize on future growth in B30 cities.
"positions us to capitalize on future growth in those underpenetrated cities"
UTI AMC is positioned to capitalize on future growth in B30 cities.
"positions us to capitalize on future growth in those underpenetrated cities"
Trend score and candlestick chart
20Bearishfull bear SMA stack · SMA20 -3.2% / mo · MACD − · near 52W low
Technical chart
UTIAMCdaily · 1Y · AUTO-11.0%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 41.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~3.3% over last month) — short-term momentum negative.
- RSI(14) at 41 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 7.8% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.9%.
- Both 3-month and 6-month returns are negative.
Valuation & score drivers
U-Score 33 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 33 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 3.3%.
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
Main drags
- Fair-value margin of safety is negative at -259.7%.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
- Quality is weaker at 4/20; verify the latest quarterly trend.
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Management has 100% delivered/partly-delivered outcomes on 1 checked claims. It ranks around the 56th percentile of the scored universe and 70th percentile within Financial Services. Main check: results consistency is weak at 29/100.
Healthy Trust Lite: Promoter pledge is zero. Key concern: 2 latest quarters had PAT decline worse than 25% YoY.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Financial Services: 70th pctile, median 62 · Large: 32nd pctile, median 73
118 documents have extracted text, but claim history is not strong enough yet.
1/6 claims checked · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.3%.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.03.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -4.4%.
- ▸1/4 latest quarters had positive YoY PAT growth.
- ▸OPM spread across recent quarters is 69.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 21.20
- P/B
- 2.52
- EV/EBITDA
- 12.70
- Market Cap
- 11318.00Cr
Profitability
- ROE
- 10.30%
- ROCE
- 15.60%
- ROA
- 10.15%
- Dividend Y
- 4.54%
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- -1.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 2.00%
Balance Sheet
- Debt/Equity
- 0.03
- Interest Coverage
- 65.38×
- Altman Z
- 8.43
- Book Value
- 350.00
Cash Flow
- FCF Yield
- 3.30%
- FCF Positive Y
- 11/5
- OCF
- 407.00 Cr
- EPS TTM
- 35.89
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.