UTI Asset Management Company (UTI AMC) rose 2.07% to Rs 621.55 after the company reported a consolidated net profit of Rs 133.92 crore in Q4 FY21 compared with net loss of Rs 25.48 crore in Q4 FY20.
Total income during the quarter increased 100.7% to Rs 292.98 crore from Rs 145.98 crore recorded in the corresponding quarter last year.
Operating expenses declined by 12% to Rs 141 crore in Q4 FY21 over Q4 FY20. The asset manager reported a pre-tax profit of Rs 151.62 crore in Q4 March 2021 as against a pre-tax loss of Rs 14.97 crore in Q4 March 2020.
UTI MF March 2021 Quarterly Average Assets Under Management (QAAUM) stood at Rs 1,82,853 crore. For the quarter ended 31 March 2021, equity assets (active+passive) contributed 51% to UTI MF s total average AUM.
Read more about Sensex, Nifty trade firm; Bajaj twins rally on Business Standard. The equity barometers firmed up further in the afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 257.81 points or 0.52% at 49,991.65. The Nifty 50 index gained 69.85 points or 0.47% at 14,934.40.
Read more about Sensex, Nifty end flat after volatile trade on Business Standard. As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 32.1 points or 0.06% at 49,765.65. The Nifty 50 index added 30.35 points or 0.2% at 14,894.40.
MF assets rose 30% in FY21, equities saw inflows in March
Updated:
Updated:
But investors pulled out ₹52,528 crore from debt mutual funds last month
Share Article
AAA
Widening reach: Mutual Fund assets from beyond the Top 30 cities rose 54% to ₹5.35 lakh cr. in FY21.
But investors pulled out ₹52,528 crore from debt mutual funds last month
The Average Assets Under Management (AAUMs) of the Mutual Fund (MF) industry in FY21 touched a historic high of ₹32.17 lakh crore as on March 31, rising 30% over the previous year’s ₹24.70 lakh crore, as per annual data released by the Association of Mutual Funds in India (AMFI).
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of ₹9,115 crore in March amid a correction in the stock market.
How TBWAIndia helped IDFC Mutual Fund break through to fixed risk-averse thinkers adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.