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Is UTI AMC IPO worth buying?
At a higher price band (Rs 554), the stock is valued at 25.7(x)FY20 earnings. Comparing with peers like HDFC AMC and Nippon AMC which are trading at 35.2(x) and 35.0(x)FY20 earning, respectively due to higher return on equity (ROE). We still believe that UTI AMC is lucrative and recommend subscribing to the offer.
Is it good to invest in IPO now?
You shouldn’t invest in an IPO just because the company is garnering positive attention. Extreme valuations may imply that the risk and reward of the investment is not favorable at the current price levels. Investors should keep in mind a company issuing an IPO lacks a proven track record of operating publicly.
How much is gain in UTI AMC IPO?
UTI AMC gains 3\%, trades above issue price for the first time since listing.
Who is the owner of UTI Asset Management?
A major contributor to this article appears to have a close connection with its subject.
| Formerly | Unit Trust of India |
|---|---|
| Owner | Life Insurance Corporation of India Bank of Baroda Punjab National Bank State Bank of India T. Rowe Price |
| Number of employees | 1,365+ (2019) |
What does UTI AMC do?
UTI AMC manages the domestic mutual funds of UTI mutual fund, provides Portfolio Management Services (PMS) to institutional clients and high networth individuals (HNIs) and manages retirement funds like National Pension Scheme (NPS). The AMC also manages offshore funds and alternative investment funds.
What is the future of UTI AMC?
SIP AUM had increased by Rs 5,930 crore or 75.4 per cent from Rs 7,861 crore as of March 31, 2020 to Rs 13,791 crore as of March 31, 2021. “UTI AMC has registered an increase in its assets under management in this challenging environment and will continue to strive for growing its business in future.
Why do UTI shares fall?
Continuing decline in the market share of UTI AMC — down to 5.4 per cent as of June 2020 from 8.2 per cent in March 2014 (based on QAAUM); mediocre performance of the company’s funds and the industry wide near-term weakness in mutual fund inflows seem to have dimmed the appeal for investors.
Is UTI AMC a government company?
The government holds 74\% stake in the company through four public sector institutions—Life Insurance Corp. of India (LIC), State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB)—but it is not a government entity.
Is UTI government or private?
Established in 1993, UTI Infrastructure Technology And Services Limited (UTIITSL) is a government owned company that provides technology and outsourcing services to the financial and government sectors of India.
Which UTI fund is best?
List of Uti Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| UTI Hybrid Equity Fund | Hybrid | 33.8\% |
| UTI Mid Cap Fund | Equity | 49.0\% |
| UTI Mastershare Fund | Equity | 34.2\% |
| UTI Long Term Equity Fund | Equity | 38.1\% |
Should you invest in UTI AMC IPO for listing gains?
However, given the issue is attractively priced and given the fact that this year itself the company granted ESOPs at Rs. 728 per share while its price band is at Rs. 552-554 per share, there is a chance of good listing gains. So, if you are a high-risk investor looking to cash out on listing gains, you can consider investing in the UTI AMC IPO.
What does UTI AMC stand for?
UTI AMC is the second-largest asset management company (AMC) in India in terms of total AUM and the eighth largest asset management company in India in terms of mutual fund Quarterly Average Assets Under Management (QAAUM) as of June 30, 2020, according to CRISIL. UTI AMC commands 5.4\% share of the Indian mutual fund market, by AUM.
What is the face value of uuti AMC IPO?
UTI AMC IPO Details IPO Opening Date Sep 29, 2020 IPO Closing Date Oct 1, 2020 Issue Type Book Built Issue IPO Face Value ₹10 per equity share IPO Price ₹552 to ₹554 per equity share
Is UTI AMC owned by T Rowe Price?
UTI AMC also has a global asset management company T. Rowe Price International Ltd as one of its major stakeholders with a 26\% stake in the Company. As of September 30, 2019, UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid, and money market funds.