UTIAMCNSE26 April 2023

UTI Asset Management Company Limited has informed the Exchange about Investor Presentation

UTI Asset Management Company Limited

Ref. No.: UTI/AMC/CS/SE/2023-24/0303

Date: 26th April, 2023

National Stock Exchange of India Limited Exchange Plaza Plot No. C/1 G Block Bandra – Kurla Complex Bandra (East) Mumbai – 400 051. Scrip Symbol: UTIAMC

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001. Scrip Code / Symbol: 543238 / UTIAMC

Sub: Investor presentation and press release on financial results of the Company for the

quarter and financial year ended 31st March, 2023

Dear Sir / Madam,

With reference to our letter no. UTI/AMC/CS/SE/2023-24/0302 dated 26th April, 2023 and pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we are forwarding herewith the investor presentation and a copy of press release on financial results of the Company for quarter and financial year ended 31st March, 2023.

The same is also available on the website of the Company at www.utimf.com in compliance with Regulation 46 of the Listing Regulations.

We request you to kindly take the aforesaid information on record and disseminate the same on your website.

Thanking you,

For UTI Asset Management Company Limited

Arvind Patkar Company Secretary and Compliance Officer

Encl.: As Above

Investor Presentation

UTI AMC Q4 & FY 22-23

Mumbai, India | April 2023

UTI AMC – A Customer centric Global Asset Management Firm

Pioneer in India

• Oldest Mutual Fund in India & a trusted household brand •

First to launch Equity Mutual Fund, Children’s Plan

• •

INR 15.56 lakh crore in AUM* Focused Solely on Investment Management and related services Presence across various business segments like Mutual Funds, Alternate Investment Funds, Retirement Business and Portfolio Management Services

697 Districts covered across India

• Well spread presence through DAs, MFDs, Banks, National Distributors and Fin-tech • •

Partnering with ~62,500 MFDs Strong Penetration in B30 cities with high share

Presence across 35+ Countries International Presence through UTI International • • Own Offices in Singapore, London, Dubai & Paris

Strong Governance practices Professionally managed listed company with no identifiable promoters Strong independent Board with 6 out of 10 members independent 2 Women Directors in UTI AMC. Women Directors present in UTI International, UTI RSL & UTI Capital

• • •

*Total AUM includes QAAUM for UTI MF, Closing AUM as of 31st March 2023 for all other business

UTI AMC – Our Vision and Mission

VISION

To be the most preferred Asset Manager

MISSION

The most trusted brand, admired by all stakeholders

Asset Manager with a diverse suite of products & global presence

Enable our customers to achieve their financial goals

Employer of first choice

A socially responsible organization, known for best corporate governance

Focus is the Essence of our Business

Long - Term Success

Performance-driven with purpose

Investment Excellence

Investors First

Co-operation and Collaboration

Trust and Mutual Respect

Thinking Long- Term

Focus of our existence

Investor success leads to our success

Bringing out the best ideas

Building meaningful relationships

Shaping sustainable competitive advantage

Our Continuous Endeavour is to

Build and retain highly competent and Motivated investment team across asset classes

Build excellent investment systems and processes.

Further build our distribution capabilities and strengthen existing relationship with our partners

Enhance our standing as a leader in Retirement and AIF business

Execute key operations and technology driven initiatives to improve efficiency, security, and agility

Increase our International presence further

Embed ESG principles across the firm to be admirable stewards of client / shareholder capital

Achieve investment performance for our investors

Returns for our shareholders in the long term

Healthy Mix of Shareholders

0.31%

6.07%

3.86%

8.50%

13.17%

9.97%

22.96%

15.22%

9.97%

Mutual Funds

Retail Shareholders

Foreign Portfolio Investors

Alternate Investment Funds

Others

UTI AMC is a professionally managed company with no identifiable promoters

– a global T. Rowe Price International investment management firm is largest shareholder

Ltd.

State Bank of India, Bank of Baroda and Life Insurance Corporation of India hold 9.97% share capital each

Punjab National Bank, which has no other AMC business, has a 15.22% holding

As of 31st March 2023

Our Key Performance Indicators

Assets Under Management

Total AUM*

MF QAAUM

Other AUM^

INR 15,55,995 Crore

INR 2,38,791 Crore

INR 13,17,204 Crore

Market Share

NPS AUM

26.78%

MF AUM

5.89%

Equity AUM

4.63%

Profitability FY 23 vs FY 22

Revenue growth (3%) Core Revenue growth# 1%

EBITDA growth (10%) Core EBITDA growth† (4%)

PAT growth (18%) Core PAT growth† (12%)

Flows & Folios

Gross Sales@

INR 2,26,650 Crore

SIP Gross Sales@

INR 1,667 Crore

Live folios

1.22 Crore

*Total AUM includes QAAUM for UTI MF and Closing AUM as of 31st March 2023, for all other business ^Other AUM: total Closing AUM as of 31st March 2023, for all other business except Mutual Funds # Core Revenue is Revenue from Sales of Services † Core EBITDA and Core PAT exclude M2M gain, Income from Sale of Investment and Other Non-Operating Income @For the quarter

UTI Group

UTI AMC Structure

UTI AMC Ltd.

100% Subsidiaries

Investment Manager to UTI Mutual Fund

Support to SUUTI

Services

Investment Manager to Offshore Funds

(includes ESIC

PMS CMPFO, Postal Life Funds)

EPFO, and

UTI International Ltd

Manager for International (Offshore) Funds

UTI Venture Fund Management Co. Ltd.

Manager for Venture Funds

UTI Retirement Solutions Ltd.

Manager for Pension Funds

UTI Capital Pvt. Ltd.

Manager for Private Equity & Debt Funds

Group Assets Under Management for UTI AMC increased by ~15.4% YoY

March 2022

1,088 (0.08%)

2,23,842 (17%)

2,01,919 (15%)

28,974 (2%)

INR crore

March 2023

1,707 (0.11%)

2,38,791 (16%)

2,40,709 (15%)

21,703 (2%)

Total INR 13,48,905 crore

8,93,082 (66%)

December 2022 1,643 (0.11%)

Total INR 15,55,995 crore

2,40,841 (16%)

2,30,560 (15%)

23,826 (2%)

10,53,085 (67%)

Total INR 14,97,777 crore

10,00,906 (67%)

UTI MF

PMS

UTI International

UTI RSL

UTI Capital

UTI MF – AUM for the quarter

Domestic MF Closing AUM as on 31st March 2023

Equity INR 68,985 crore

ETFs & Index INR 82,371 crore

Liquid INR 25,980 crore

Hybrid INR 23,508 crore

Income INR 21,830 crore

MF Closing AUM INR 2,22,674 crore

Domestic MF QAAUM for the quarter ended 31st March 2023

Equity INR 70,494 crore

ETFs & Index INR 82,871 crore

Liquid INR 38,182 crore

Hybrid INR 24,101 crore

Income INR 23,144 crore

MF QAAUM INR 2,38,791 crore

Outpacing the industry- ~6.7% YoY QAAUM growth, industry grew at 5.6%

Total QAAUM

YoY 6.68%

INR crore

2,40,841

2,38,791

2,23,842

Mar 22

Dec 22

Mar 23

Market Share – Total QAAUM

5.83%

5.98%

5.89%

Mar 22

Dec 22

Mar 22

Source: AMFI, Internal.

Persisting Growth – 2% growth in Equity QAAUM

Equity QAAUM

INR crore

Hybrid QAAUM

INR crore

YoY 2%

73,631

26,444

YoY (9)%

69,287

70,494

24,815

24,101

Mar 22

Dec 22

Mar 23

Mar 22

Dec 22

Mar 23

Market Share – Equity QAAUM

5.17%

4.82%

4.63%

Market Share – Hybrid QAAUM

5.05%

4.61%

4.47%

Mar 22

Dec 22

Mar 23

Mar 22

Dec 22

Mar 23

Source: AMFI, Internal.

Liquid QAAUM witnessing growth

Income QAAUM

INR crore

Liquid QAAUM

INR crore

YoY (19.4)%

28,727

22,299

23,144

YoY 3.4%

38,516

38,182

36,936

Mar 22

Dec 22

Mar 23

Mar 22

Dec 22

Mar 23

Market Share – Income QAAUM

Market Share – Liquid QAAUM

2.96%

2.91%

3.02%

7.18%

6.97%

6.87%

Mar 22

Dec 22

Mar 23

Mar 22

Dec 22

Mar 23

Source: AMFI, Internal.

Passive Funds Gaining Traction – clocking 33% YoY growth

Index & ETFs QAAUM

INR crore

YoY 33%

81,580

82,871

62,447

Mar 22

Dec 22

Mar 23

Market Share – Index & ETFs QAAUM

12.8%

12.67%

12.39%

Mar 22

Dec 22

Mar 23

Source: AMFI, Internal.

Trend in Net Sales Quarterly Net Sales for ETF & Index witness steady growth

2332

-287

-705

-855

-719

Quarterly Net Sales

4,731

3988

3950

1100

752

6066

INR crore

Q4FY22

Q3FY23

Q4FY23

-1130

-3499

-4522

-3,950

-5247

-8,291

Liquid

Total

Equity

Hybrid

ETFs & Index

Income

8931

2459

-309

-442

567

-3066

Source: Internal. Source: Internal.

Yearly Net Sales

16073

14187

5308

3970

4038

3648

19428

INR crore

12565

1208

FY 21

FY 22

FY 23

-5732

-7905

-8526

Key Business Focus Areas

Geographical Spread Across the Country

Growth of International, Retirement and Alternate Business

Consistent Development of Human Capital

Prudent Investment Management Process

Leveraging Digital Adoption

Attracting Right Opportunities through Partnerships

1. a) Prudent Investment Management Policies

Risk Identification

• Stress testing • Product development

process

• Risk control self assessment

• Review Mechanism

Risk Control

• Avoidance • Transfer • Mitigation

Risk Management Cycle

Risk Measurement

• Credit risk • Market Risk • Operational Risk • Liquidity Risk • Investment/Product Risk

Risk Monitoring

• Investment Committee • Risk Management

Committee

• Board

Control

• Regular Compliance Check • Dedicated Risk Management Team • Internal & External Audit Team

Advisory • Equity Research • Debt & Macro Research

Decision Making

• CIO, Head – Equity, Head – Fixed Income &

Fund Managers

Fund Accounting

• Accounting Valuation & Net Asset Value (NAV) • Corporate Action Follow-up & Recovery

Execution

• Equity, Debt, Money Market Dealers • Primary Market Dealers

1. b) Investment Management Process

Equity Investment Process

Fixed Income Investment Process

Investment Process • In house research team

Approach • Key objective is yield and duration management

• Proprietary framework – qualitative & quantitative

• Achieved through combination of top-down and

• Portfolio Construction

Diversity • Diversity of styles with discipline

• Bound by the Investment process

• Risk guidelines

Team Culture • Experienced and Professional team

• Emphasis on collaboration

• Interactive process - formal and informal

Performance Measurement • Based on performance of fund against benchmark

and peers over different time periods

bottom-up approaches

Research Process • Considers both qualitative and quantitative factors, proprietary ratings and research methodologies

• Arrives at a universe of issuers in which to invest

Construct • Portfolio constructed in the light of investment

objectives and investment strategies

• Emphasis on risk, diversification and performance

Review • Comprehensive review mechanism with rigorous

monitoring

• Supports investment decisions of fund managers

Endeavour to deliver industry leading performance

1. c) Embedding ESG in our Investment Decisions

Integration

Integrating material ESG factors into Investment Decision Process

ESG Framework

Sector-specific framework to understand and manage ESG risk consistently across portfolio holdings

ESG Database

Helps in evaluating the ESG performance of a company on an individual basis and peer benchmarking

ESG Integration Process

Evaluation of quantitative and qualitative ESG factors/risks that may impact a company’s long-term sustainable performance

1-on-1 Engagement with company management

y g e a

r t S

t n e m

t s e v n

e b i s n o p s e R

Stewardship

Safeguarding Investors’ interests through monitoring and regular engagements with investee companies

Engagements

ESG Questionnaires

Proxy Voting

Material Risk Surveys

2. SIP to remain the cornerstone for AUM performance

Long Tenure SIP Book(1)

More than 10 Years

More than 5 Years

86.68%

93.26%

580

560

540

520

500

480

460

Monthly Gross SIP Inflow (INR Crore)

554

549

554

556

573

537

521

525

520

538

532

531

504

MAR'22 APR'22 MAY'22 JUN'22

JUL'22 AUG'22

SEP'22 OCT'22 NOV'22 DEC'22

JAN'23

FEB'23 MAR'23

Our SIP AUM increased by INR 3,199 crore, or 17.47% from INR 18,311 crore as of 31st March 2022, to INR 21,509(2) crore as of 31st March 2023.

Increasing the number of SIP-selling mutual fund distributors and their share of wallet is a particular priority for the sales engagement strategy.

Source: RTA Data. (1) As of 31st March 2023

(2) SIP folios with four consecutive SIP failure has been excluded.

3. a) Enabling Business Digitally

24x7 Digital Channels

• Access at your convenience anytime anywhere • Website utimf.com & Mobile App for Investing, Enquiry and servicing. Website is PWA enabled and SEO optimized

• Conversational Investing, Enquiry & Assistance through

chatbot UNO & WhatsApp Interface

• Service transactions available instantly on all Digital Platforms • Tech enabled, Secured and 2FA compliant Digital Channels • Added new features such as quick Invest, Small case

integration and much more

Simplifying Life

• e-OTM – for enabling One-click Investment • uSAVE - Liquid Account with Insta Redemption feature • Digital KYC Aadhaar KYC - Paperless and Contactless

KYC process

• Missed Call services - Folio Enquiry, Call back, Investor

Awareness

• ‘Quick Pay’ feature launched for instant Payment via

pre-filled Investment Links

• Instant Call-back for failed SIP and Lumpsum

transactions & Abandoned Cart feature launched for drop-off transactions, to start journey from where it was left

Assisted Journeys integrated

• Customer service for Product & Investment enquiry-

Inbound, Outbound & Email support

• 24*7 available in 6 languages • ‘Chat with Agent’ service for investors through Chatbot &

• Call-back to customers for on-demand Assistance & for

failed transactions

• Outbound Voice Bot for reminding customers for pending

actions

• Co-browsing feature in website for Humanizing Digital

touch points

Partner Enablement • Online empanelment of MFDs • UTI Buddy - Office-on-the-go App and web interface for

MFDs.

• Initiate transactions for investors to reduce sales cycle.

Track AUM, Folio and Market updates

• API integrations with Partners and Aggregators. • WhatsApp channel for Mutual Fund Distributors. Communication on WhatsApp also enabled

Building Community

• Active engagement on multiple touch points across

Social Media channels

• Growing Social Media follower base and engagement via

multiple multimedia campaigns

• Content distribution- Infographics, blog post, videos,

eBooks, GIF, surveys chatbot, FAQs etc.

• Market Insight - UTI MF Knowledge Series based virtual

events.

• Awareness and Consideration led paid marketing campaigns on Search, Display, OTT, Video, News platforms for existing & prospective Audience

Personalized and Contextual Journey

• Multi-media marketing platform for Email, SMS, Push

Notifications etc.

• Delivers relevant content through preferred channel • Consistency in customer experience with

personalized touch

• Segmented and Targeted campaigns for cross-sell

based on Analytics

• Centralized RM to MFD communication for major updates

and Sales opportunity

• Re-Marketing Campaigns – Retargeting and Cookie

based framework

• UTI Insta Pay - Insta Brokerage Module for Commission

payments on the fly

• WhatsApp communication for Targeted Investors

3. b) Digital Client Acquisition Cycle

Investor Journey

Reach

Act

Convert

Engage

SEO

1 Internet

Retargeting

Affiliate Marketing

Social Media Platforms

Content Marketing

2 Website and App

Product Sections

Goals and Calculators

Articles & Blogs

Submit a Lead

Invest Via Mobile App

Invest Now

Invest Via Website

Request a Call Back

Invest Via WhatsApp

Complete Aadhaar KYC or Digital KYC

Invest Via Chatbot ‘UNO’

Use Calculator and Invest

Set Goals and Invest

IFA/RM Assisted Sale

Contact Center Assisted Sale

Explore Products

Application @ UFC

3 UFCs

Direct Investments on Digital platforms

4 UNO

Chatbot & WhatsApp

Chat or Co-browse with Agent

Invest Via MFU, Kfin App & other Digital Portals

Remarketing via Google, Facebook, YouTube

Email/SMS/ WhatsApp notification

Community Engagement

Nudges to Investors on Digital Platforms

Analytics led cross- sell/ Up-sell

Promote Digital Assets

Social Listening via ORM tool

3. c) Key Digital Initiatives undertaken in FY 23

Digital Campaigns reaching New Horizons

Digital Ecosystem Enhancement

Multiple Multi-Media Campaigns for driving SIP, Category, identified schemes, Digital Assets via Email, SMS, WhatsApp, notifications, Partner platforms, Social Media Channels & Paid Marketing.

Geo Location based Display Marketing campaigns for Investors and Distributors, targeting specific segments through Paid Marketing.

Quick Invest - Enabled quick Invest on website for instant investments without any prior registration with Purchase only Investment journey.

Completed integration with Partner ‘Smallcase’ for Investing in ETFs through UTI MF website.

Started Google Performance Max (P Max) campaigns for New Acquisitions with PAN based Investment Journey as one of the early adopters.

Automated WhatsApp communication enabled through Marketing Automation Tool & KFintech for Investors and Distributors.

Scaled Paid Campaigns on Search Platforms to capture the universe of MF searches. Added Bing Search Engine too.

Two Factor Authentication implemented for multiple transactions, as mandated by SEBI, across UTI MF website and Mobile App.

AMP (Accelerated Mobile Pages) integration completed for Email Communication for carousel, Data entry, Quiz, Poll etc. within Emailers itself.

Quick Pay (pre-filled investment links) extended for Missed SIP, failed Lumpsum and Abandoned Cart for in-completed transactions

Integrated BIMI (Brand Indicators for Message Identification) to enhance Brand Recall and Improve Open Rate in Email Communications.

UI/UX Revamp of Home Page and Login page of UTI MF website, for ease of exploring & Investing.

Completed Multiple Theme based Digital campaigns- #SIPseHoga, #OneSIPAway, #FinancekiPaathshala #NayaSaalNayaGoal #WorldCup

Started Analytics led Cross sell/upsell campaigns by factoring Age, AUM, Product holding, contactability, Recency, Frequency etc.

3. d) Current Digital Ecosystem at UTI AMC

Front Office (Revenue generating & Customer facing)

Middle Office (Risk & Compliance)

Back Office (Accounting, Technology, HR, Finance)

Brand Message

Investment Management

Risk & Compliance

Research & Fund Management

Human Resource

Transaction Processing

Customer Engagement

Customer Onboarding Channels

DTS

Digital Enablers

Customer Servicing

Accounting & Operations

Robotic Process Automation

Registrar & Transfer Agent

Information Technology

Cybersecurity

Data

3. e) Growing online transactions reflect acceptance of digital

100.00%

Quarterly Online Gross Sales (as %age of Total Gross Sales)

98.00%

96.00%

94.00%

92.00%

90.00%

88.00%

86.00%

84.00%

82.00%

80.00%

95.73%

95.80%

94.60%

95.10%

93.90%

Dec 21

Mar 22

Sep 22

Dec 22

Mar 23

Number of purchase transactions through Digital grew by 3% in Q4FY23 as compared to Q4FY22.

Number of digital SIP transactions recorded a growth of 20% in Q4FY23 as compared to Q4FY22.

~43.7% of total gross sales of Equity & Hybrid funds were mobilized through digital platforms.

We envisage using analytical tools and our digital marketing platform to identify and capitalize on cross selling and upselling opportunities.

3. f) Steps to increase digital presence are paying off

For Customers •

Seamless accessibility through digital channels

• Paperless & digitally enabled KYC process & multiple enablers for seamless digital transactions

For Distributors

Number of Digital Purchase Transaction (in Lakhs)

120.00

100.00

80.00

60.00

40.00

20.00

0.00

115.84

93.57

41.40

26.00

29.41

FY 20

FY 21

FY 22

FY 23

Q4 FY 23

•

Buddy”

– Office-on-the-go

“UTI distributors Enabled multiple transactions in assisted mode to reduce sales cycle, service instantly. Also track AUM, get business insights and timely market updated

for

Marketing

• Data driven digital marketing – through email, SMS, notification and WhatsApp • We intend to continue our investments in paid marketing and digital partnerships across channels, with aim to acquire new investors and increased sales

Source: RTA Data

Sales through Digital Platforms (as a %age of Equity & Hybrid MF Gross Sales)

42.25

43.7

22.9

FY 20

FY 21

FY 22

FY 23

Q4 FY 23

60.00

50.00

40.00

30.00

20.00

10.00

0.00

3. g) Developing digital resources to be future ready

Grow the Core

New Growth Avenues

Optimize Cost

• • •

Identify Focus areas Drive Sales force Digitally Improved Digital Assets

Tap emerging underleveraged segments Drive Digital Partnerships & Digital Sales

• • • Optimized paid marketing spends

• •

Digitization of Operations Reimagining Operating Model with Tech

Reimagined Digitized Ecosystem for Direct-to-Customer Segment – Revamping Digital Touchpoints

Digitized Ecosystem for Partners for Increased distribution Outreach – Best-in-class Digital Offerings

Data First organization riding on Analytics and Personalization at Scale – Personalized Communication

Re-imagined Branches enabled with Technology and Digital Solutions – Digital Acquisition & Servicing

Remote/Distributed operating Model for Investor and Partner Support – Extended Digital Support

Digitized and Automated Operational processes riding on RPA – Improved Efficiency

4. a) Geographical Reach Across the Country

J&K 1

Chandigarh 1

Himachal Pradesh 1

Uttarakhand 3

Delhi 5

Haryana 5

Rajasthan 10

Uttar Pradesh 15

Bihar 5

Assam 4

Meghalaya 1

166

1,377

West Bengal 13

Tripura 1

657

Chhattisgarh 3

Odisha 6

Gujarat 15

Madhya Pradesh 5

Maharashtra 21

Goa 2

Karnataka 12

Telangana 5

Andhra Pradesh 7

~62,500

210

Kerala 5

Tamil Nadu 10

Puducherry 1

As of 31st March 2023 *Total Employees are 1,377 - includes 1,314 UTI MF employees and 63 employees of our subsidiaries

UTI Financial Centres (UFCs)

UTI AMC Employees*

Core Sales Team Members

Mutual Fund Distributors (MFDs)

District Associates (DAs)

4. b) Multi-channel distribution network brings stability

Total QAAUM

Mar ‘22

27%

Dec ’22

26%

Mar ‘23

25%

64%

65%

66%

Direct

MFD

Bank & Distributors

Equity + Hybrid QAAUM

12%

34%

33%

Mar ‘22

Dec ’22

Mar ’23

54%

55%

Source: RTA Data

4. c) Outpacing the Industry in B30 cities

Monthly AAUM Mar ‘23

B30 22%

B30 17%

Industry

UTI Mutual Fund

Improved awareness about investing in financial products vis a vis traditional investment

Our broad client base also provides us with several opportunities, including cross-selling different funds

Our established presence in B30 cities has enabled us to attract new clients and positions us to capitalize on future growth in those underpenetrated cities

Our size and distribution network, particularly in B30 cities, provides us with economies of scale, particularly in distribution, marketing, and back-office activities

Network of 166 branches with 108 branches located in B-30 cites as of 31st March 2023

B30 AUM aids our overall margins as these are stickier in nature and offer comparatively higher margins

Source: AMFI, RTA Data & Internal.

5. a) UTI International Ltd. – Exploring New Destinations

Assets Under Management of INR 21,703 crore as of 31st March 2023 (INR 28,978 crore as of 31st March 2022)

4 Office Locations – Singapore, Dubai, London and Paris with a total of 28 staff & Clients spread across 35+ countries with top 5 being Japan, Switzerland, France, UK, Israel and are primarily Institutions – Pensions, Banks, Insurance and Asset Managers

Our Indian Equity fund (IDEF) domiciled in Ireland, with an AUM of USD 852.08 million is being widely recognized and highly recommended

UTI India Innovation Fund, launched in June 2022, has an AUM of USD 18.62 million

The J Safra Sarasin Responsible India fund, Europe’s first ESG Compliant India fund, has AUM of USD 74.95 million

Fund structures in Ireland, Singapore, Cayman Islands, Dubai and Mauritius

Regulated by Monetary Authority of Singapore, DIFC in Dubai and FCA, UK

5. b) UTI Retirement Solutions Ltd. – Reaching New Heights

100% subsidiary of UTI AMC Ltd.

PFRDA licensed for managing Pension funds

Managing Government and non-Government NPS corpus

UTI RSL manages 26.78% of the NPS Industry AUM as on 31st March 2023

UTI Retirement Solutions has shown AUM growth of 19.21% from INR 2,01,919 crore as on 31st March 2022 to INR 2,40,709 crore as on 31st March 2023

5. c) UTI Capital Pvt. Ltd. – Expanding the Business Portfolio

100% subsidiary of UTI AMC Ltd. mandated to manage and grow the private capital investment business with total AUM of INR 1,707 crore

UTI Structured Debt Opportunities Fund I – Launched in August 2017. Fund closed in May 2019. Fund in exit mode with 9 out of 11 portfolio investments fully exited

UTI Structured Debt Opportunities Fund II – Launched in September 2020. AUM of INR 507 crore(1). Currently Investing

UTI Structured Debt Opportunities Fund III – Launched in September 2022. AUM of INR 300 crore(1). Currently fund raising and Investing

UTI Multi Opportunity Fund I – Launched in March 2022. AUM of INR 763 crore(1). Currently Fund raising and Investing

UTI Real Estate Opportunities Fund I – not yet announced initial close. UTI Capital received Co-investment Portfolio Manager (CPM) approval in August 2022.

UTI Capital is also committed to Responsible Investing. UTI SDOF II & UTI SDOF III have a well defined ESG policy and strategy

Data as of 31st March 2023 (1) Gross Commitments received

Investments and Initiatives across the organization

Research Investment management process through dynamic third-party software and additional investments to improve internal and external interactions to collaborate frequently with company management, sell side analysts, other industry experts and make better investment decisions

ESG Initiatives • Company became a signatory to UN Principles for Responsible Investment • •

Framed policy for integration of ESG into Investment Management Subscribed to the top tier third party agency for providing inputs on various ESG related developments on companies Initiated engagement with Investee companies on ESG factors.

•

Technology & Operations Resilient IT Infrastructure through adoption of hybrid cloud architecture • • Multi layered Security landscape with 24* 7 Security Operation Centre • Comprehensive data privacy and protection technologies • Agile and DevOps development techniques for faster application rollout • Data driven decision making through enterprise data strategy

ESG Initiatives

•

Initiated ESG framework development exercise for integrating essential ESG aspects into business operations

Framework to be based on international standards and help in strengthening existing management systems

• Created Materiality Map by identifying key ESG aspects and prioritizing their relevance for business and society

• Working towards developing first GRI Standards based sustainability report to enable improving overall ESG

performance

• UTI AMC Group is a signatory to United Nations – Principles of Responsible Investing framework

• Adopted paperless

office system, smart e- approval systems

• Use of Renewable Energy at the Corporate Office

• Number of purchase transactions through Digital grew by 3% in Q4 FY 23 as compared to Q4 FY 22.

•

Strong CSR programme focusing on health, education and rural development with a human development approach

• We believe in the

philosophy of care, generosity & compassion, characterized by a willingness to build a society that works for everyone.

• We have disbursed INR 9.08 crore under our CSR initiative in the year ended March 31, 2023.

• Corporate governance has always been an integral component of our investment philosophy and company selection process. • As of March 31, 2023, 60% of the Board members are Independent Directors (6 out of 10) with 2 Independent Women Directors.

• Women Directors present on the Boards of UTI Capital, UTI International & UTI RSL

• We are an equal opportunity employer. ~27% of our total workforce are women. We have 370 women employees in our workforce as of 31st March 2023.*

*the data pertains to UTI AMC employees, i.e., 26.9% of 1,377 employees

Modernizing our technology over years

2019-2022

2023-2024

• Plan for movement of On-premise data centre

Infrastructure

•

Set Cloud first and SaaS first Objective

Engaged Industry leading technology partner for Assessment of existing technology landscape and prepare Roadmap for future

• Adopt Multi and Hybrid Cloud architecture

• Adoption of Containerized deployment model to reduce

cost , increase availability and faster deployment

• Build Cloud agnostic architecture

Information Security & Business Continuity

Business application & Digitization

• Redrafting of Information Security policies

• Designed multilayer resilient security posture

• Re-architecting and Modernizing Business

Applications

• Adoption of SaaS first approach

• Move towards Zero trust security

•

Risk Assessment based Security Controls

• Automated and faster incident response through Security Orchestration

Automation and Remediation

•

User behavior analysis to identify and alert unusual behavior pattern using Bigdata analysis

• Dark web monitoring

• Continuous Vulnerability assessment & management

• Modern application architecture, development and

deployment with Micro Services, Serverless architecture and Containerization

• Continuous Integration and deployment through DevOps

framework

•

Enable organization for data driven decision making

IT Operations

•

Identify Operation enhancement area

• 24*7 IT operations monitoring and management

• Assessment of existing partner capability

•

SaaS based Service Management tools

• Approach towards virtual helpdesk

• Completely automated DR switch of applications

Investing to be Future Ready

2019-2022

2023-2024

Research

•

Fund Accounting and Trade Management

• Wide range of information both domestic and international

• Core Data Distribution

domain

• Using dynamic third-party software for investment

management process

Distribution and Client Facing

• Digital enablement and client journeys

•

Transaction systems simplification

• White Labelled solutions

• Generalized Communications

Customer Service

• Call Centre for Support

• Basic skills with support in limited languages

• Physical process for service request

• Migrated Research Fund to better track analyst

performance

•

Enhanced campaigning and client analytics through implementation of Digital marketing platform

In-house transaction platforms and additional channels for Customers through WhatsApp and Chatbot

• UI/UX personalization with stitched and automated journeys

• Highly targeted and personalized communication

• Digitization led Distribution via B2B or B2B2C methods

• Contact Centre for Support

• Multi skilled with support in 6 languages

• Chat, Inbound, Outbound and Email support

• Digitized processes for onboarding and service requests

• AI/ML based conversational interfaces

• Humanize Digital Interfaces with tools like Co-browsing,

Muti-lingual Assistive UI etc.

Financial Snapshot

Consolidated Statement of Profit & Loss – Quarterly Earnings

Particulars

Total Revenue from Operations

Other Income

Total Income

Fee & Commission expenses

Employee benefit expense

Net loss on fair value changes

Depreciation & Amortization expenses

Other Expense

Finance cost

Total Expenses

PBT

PAT

PAT Margins (PAT Margin = PAT / Total Income)

Total Revenue from Operations

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

Q4 FY 23

Q4 FY 22

301 8

309 1 107 - 10 72 2

192

117

86 28%

301 4

305 1 115 15 9 66 2

208

54 18%

INR crore

%(+/-)

- 100%

1% - (7%) - 11% 9% -

(8%)

21%

59%

Q4 FY 23 270

Q4 FY 22 295

301

%(+/-) (8%)

167%

Consolidated Statement of Profit & Loss – Seq. Quarterly Earnings

Particulars

Total Revenue from Operations

Other Income

Total Income

Fee & Commission expenses

Employee benefit expense

Net loss on fair value changes

Depreciation & Amortization expenses

Other Expense

Finance cost

Total Expenses

PBT

PAT

PAT Margins (PAT Margin = PAT / Total Income)

Total Revenue from Operations

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

Q4 FY 23

Q3 FY 23

301 8

309 1 107 - 10 72 2

192

117

86 28%

295 (2)

293 2 104 17 10 56 2

191

102

60 20%

INR crore

%(+/-)

2% (500%)

5% (50%) 3% NA - 29% -

15%

43%

Q3 FY 23 270

Q3 FY 23 284

301

295

%(+/-) (5%)

Consolidated Statement of Profit & Loss – Year End Earnings

INR crore

Particulars

Total Revenue from Operations

Other Income

Total Income

Fee & Commission expenses

Employee benefit expense

Net loss on fair value changes

Depreciation & Amortization expenses

Other Expense

Finance cost

Total Expenses

PBT

PAT

PAT Margins (PAT Margin = PAT / Total Income)

Total Revenue from Operations

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

FY 23

1267 23

1290

3 414 - 40 238 9

704

586

437

34%

FY 22

1319 8

1327

3 406 - 37 212 9

667

660

534

40%

%(+/-)

(4%) 188%

(3%)

-- 2% -- 8% 12% --

(11%)

(18%)

FY 23 1131

1267

FY 22 1119

179

1319

%(+/-) 1%

(45%)

140%

18%

(4%)

Standalone Statement of Profit & Loss – Quarterly Earnings

Particulars

Total Revenue from Operations

Other Income

Total Income

Fee & Commission expenses

Employee benefit expense

Net loss on fair value changes

Depreciation & Amortization expenses

Other Expense

Finance cost

Total Expenses

PBT

PAT

PAT Margins (PAT Margin = PAT / Total Income)

Total Revenue from Operations

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

Q4 FY 23

Q4 FY 22

%(+/-)

INR crore

264 8 272 2 91 - 10 41 2 146

126

98 36%

262 - 262 2 101 - 9 33 2 147

115

75 29%

1% NA 4% - (10%) - 11% 24% - -

10%

31%

Q4 FY 23 214

Q4 FY 22 238

264

262

%(+/-) (10%)

111%

200%

Standalone Statement of Profit & Loss – Seq. Quarterly Earnings

Particulars

Total Revenue from Operations

Other Income

Total Income

Fee & Commission expenses

Employee benefit expense

Net loss on fair value changes

Depreciation & Amortization expenses

Other Expense

Finance cost

Total Expenses

PBT

PAT

PAT Margins (PAT Margin = PAT / Total Income)

Total Revenue from Operations

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

Q4 FY 23

Q3 FY 23

%(+/-)

INR crore

264 8

272 2 91 - 10 41 2

146

126

98 36%

280 -

280 2 90 - 10 30 2

134

146

108 39%

(6%) -

(3%) - 1% - - 37% --

(14%)

(10%)

Q4 FY 23 214

Q3 FY 23 226

264

281

%(+/-) (5%)

(14%)

13%

(6%)

Standalone Statement of Profit & Loss – Year End Earnings

Particulars

Total Revenue from Operations

Other Income

Total Income

Fee & Commission expenses

Employee benefit expense

Net loss on fair value changes

Depreciation & Amortization expenses

Other Expense

Finance cost

Total Expenses

PBT

PAT

PAT Margins (PAT Margin = PAT / Total Income)

Total Revenue from Operations

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

FY 23

FY 22

1092 9

1101 10 357 - 38 133 9

547

554

422 39%

1059 1

1060 8 362 - 35 120 9

534

526

418 39%

INR crore

%(+/-)

3% 800%

4% 25% (1%) - 9% 11% -

FY 23 909

148

1092

FY 22 910

130

1060

%(+/-) -

14%

175%

Details of Consolidated Sale of Services

Particulars

Q4 FY 23

Q4 FY 22

%(+/-)

FY 23

FY 22

%(+/-)

INR crore

MF Fees

PMS Fees

SUUTI Support Service Fees

POP Fees & others

206

228

Sale of Services - UTI AMC Standalone

214

238

UTI International

UTI RSL

UTI Capital & UTI Venture

Elimination

Sale of Services - UTI AMC Consolidated

(3)

270

(3)

295

(10%)

(14%)

(33%)

(10%)

(14%)

13%

100%

(5%)

(8%)

872

909

129

101

(14)

1131

870

909

127

(13)

1119

(4%)

(9%)

11%

20%

Consolidated Balance Sheet

Particulars

FY 23

FY 22

%(+/-)

INR crore

Assets:

Financial Assets

Non Financial Assets

Total Assets

Liabilities & Equity:

Financial Liabilities

Non-financial Liabilities

Equity

Total Liabilities & Equity

3721

454

4175

254

3868

4175

3554

430

3984

271

3632

3984

(6%)

(35%)

Standalone Balance Sheet

Particulars

FY 23

FY 22

%(+/-)

INR crore

Assets:

Financial Assets

Non Financial Assets

Total Assets

Liabilities & Equity:

Financial Liabilities

Non-financial Liabilities

Equity

Total Liabilities & Equity

3172

446

3618

225

3348

3618

3031

419

3450

243

3160

3450

(7%)

(4%)

Operating Profit Margin (bps of AAUM)

YE FY 20

YE FY 21

YE FY 22

YE FY 23

Operating Revenue

Operating Expenses

Operating Margin

UTI International – Consolidated Statement of Profit & Loss

Particulars

AUM

Sale of Service

M2M gain from Investment

Other Income

Total Income

Employee Cost

Admin & other Exp

Total Expenses

Profit before Tax

Profit after Tax

Paid up Share Capital

Net Worth

For the Year Ended March 2023

For the Year Ended March 2022

(GBP in ‘000)

INR crore

(GBP in ‘000)

INR crore

21,30,390

13,338

(6295)

2421

9464

4201

8327

12528

(3,064)

(3,292)

6,758

55,137

21,703

129

(61)

121

(29)

(32)

562

29,10,427

28,974

12,445

4,346

1,530

18,321

3,250

7,319

10,569

7,752

7,516

6,758

57,326

127

186

107

571

Other Subsidiaries Financial highlights

UTI Retirement Solutions Ltd.

UTI Capital Pvt. Ltd.

UTI Venture Funds Mgmt. Co. Pvt. Ltd.

INR crore

Particulars

AUM

Sale of Services

M2M Gain on Investment

Other Income

Total Income

Employee Benefit Expenses

Depreciation Expenses

Administration Expenses

Total Expenses

PBT

Profit after Tax

Net Worth

FY 23

240709

101.5

3.7

1.7

106.9

6.8

1.3

36.6

44.7

62.2

46.5

113.5

FY 22

201919

91.4

0.9

1.5

93.8

4.3

0.7

32.3

37.3

56.5

42.3

86.8

FY 22

1,088

5.3

1.9

0.5

7.7

6.8

3.9

10.7

(3)

(2.2)

28.1

FY 23

FY 22

1.2

0.1

1.1

0.8

0.9

0.1

0.2

0.8

12.2

FY 23

1707

5.6

4.6

0.4

10.6

9.7

5.8

15.5

(4.9)

(3.3)

49.6

Consolidated Ratios

PAT Margin (%)

Return on Equity (%)

0.5

0.45

0.4

0.35

0.3

0.25

42%

40%

34%

31%

34%

24%

21%

18%

15%

12%

14%

10%

16%

12%

FY 19

FY 20

FY 21

FY 22

FY 23

FY 19

FY 20

FY 21

FY 22

FY 23

Annexures

Investor Services Key Indicators – Q4 FY 23

1.52 lakh Total Call Volume Outbound

0.64 lakh Total Call Volume Inbound

8 seconds Average Speed of Answer

0.18 lakh Live Chats offered

Contact Center

• • •

Self service IVR for NAV, SOA, Branch Locator etc. Inbound Calls for Queries and Support Outbound Calls for Leads, Call-back request, reminders etc.

• • •

Chat with Live Agent for Assistance Co-browsing for on-demand Live Assistance on Website Chatbot and WhatsApp for Conversational Enquiry, Investing & Servicing

Investor Services

Digital Transactions (own assets)

Non-Commercial Transactions

31 Total Complaints Received

1.21 crore Folios

Low Complaints Ratio against folios at 0.0002%

46% Digital Transactions done post E-KYC are SIP Instalments

INR 4.59 crore Digital Transaction Amount capitalized post Digital KYC

3,934 Digital KYC Compliant PANs created

61.01% Non-Commercial Transactions processed in the same day

32.76% Non- Commercial Transactions processed in 60 Minutes

Breakup of Consolidated investments

Breakdown of Total Investment

As on 31st March 2023

Investment in UTI MF Schemes

INR crore

2,281

9.3%

6.8%

13.7%

Total Investments: INR 3,248 crore

Equity

Arbitrage

Liquid & Debt

Offshore Funds

Equity

Debt / Hybrid

70.2%

Venture Funds, Other Equity etc.#

G Sec & Bonds

698

761

822

445

386

222

300

Mutual Funds

Offshore Funds

Venture funds, Other equity

G Sec & Bonds

#Note : Investment in equity includes investment as per regulatory mandate

Total

3,248

#Note : Investment in Venture Funds & Other Equity includes INR 85 crore in Ascent India III, INR 67 crore in SDOF I & II, INR 36 crore in LICHFL, etc. MF Investment includes INR 202 crore towards mandatory seed capital investment. Total equity investment of INR 445 crore by UTI International includes IDEF INR 265 crore & INR 121 crore invested UTI India Innovation Fund

UTI AMC Board of Directors - Composition

Board Composition

Independent Directors

Non-Executive Non-Independent Directors

Whole Time Director

20%

Women Directors Representation

Women Director

30%

Geographical Representation

70%

Domestic

Overseas

Experienced and Independent AMC Board

Mr. Dinesh Kumar Mehrotra | Non - Executive Chairman & Independent Director Dinesh Kumar Mehrotra has previously served as the Chairman and the Managing Director of LIC. He has also served as the Executive Director of International Operations at LIC. He holds a B.Sc. (Honours) degree from the University of Patna. His appointment as an Independent Director of the Company was approved by the shareholders at the Annual General Meeting held on 23rd August 2017.

Mr. Edward Cage Bernard | Non-Executive Nominee Director Prior to joining the Company, Edward Cage Bernard was associated with the TRP group as a Vice Chairman, T. Rowe Price Group Inc. as a Director on the Board and as a member of the firm’s Management Committee. Currently, he is associated with T. Rowe Price Group Inc. as a Senior Advisor. He holds a B.A. degree in Religious Studies from Brown University and an MBA in Finance from New York University Leonard N. Stern School of Business. His appointment as a Nominee Director of the Company was approved by the shareholders at the Annual General Meeting held on 28th July 2021.

Mr. Flemming Madsen | Non-Executive Nominee Director Flemming Madsen is Head of Global Financial Intermediaries at T. Rowe Price. He is a Vice President of T. Rowe Price Group, Inc., T. Rowe Price International Ltd. and member of the EMEA Distribution Executive Committee. He has been associated with T. Rowe Price for 22 years. His total 38 years’ experience in the financial investment banking, and asset management. His appointment as a Non-Executive Nominee Director of the Company was approved by the shareholders at the Annual General Meeting held on 25th July 2022.

industry includes capital markets transactions,

Mr. Narasimhan Seshadri | Independent Director Narasimhan Seshadri has four decades of experience in the banking industry, having served two major public sector banks viz Canara Bank and Bank of India. Prior to joining the Company, he was a Director on the board of NPCI and a Whole-Time Executive Director on the Board of Bank of India. He holds Masters Degree in Commerce from Bangalore University: Masters in Divya Prabandam MA (DP) from SASTRA University and Masters in Banking and Finance (MBA Banking and Finance) from IGNOU. He is a certified associate of the Indian Institute of Bankers. His appointment as an Independent Director of the Company was approved by the shareholders at the Annual General Meeting held on 23rd August 2017.

Experienced and Independent AMC Board

Mr. Deepak Kumar Chatterjee | Independent Director Prior to joining the Company, Deepak Kumar Chatterjee was associated with SBI Funds Management Private Limited as the Managing Director and Chief Executive Officer and SBI Capital Markets Limited as an Executive Vice President. He was also associated with IIFCL Projects Limited as its Chief Executive Officer and IIFCL Asset Management Company Limited as a Director. He holds a B.Sc. (Honours) degree in Physics from University of Delhi, an M.Sc. degree in Agricultural Physics from Indian Agricultural Research Institute, New Delhi and an MBA from University of Delhi. He is also a Certificated Associate of the Indian Institute of Bankers. His appointment as an Independent Director of the Company was approved by the shareholders at the Annual General Meeting held on 25th September 2018.

Mr. Rajeev Kakar | Independent Director Rajeev Kakar currently serves on the boards of various banks and financial institutions such as Eurobank Ergasias SA (Greece),Gulf International Bank (GIB Bahrain), Gulf International Bank (GIB Saudi Arabia) and Commercial International Bank (Egypt). He started his career in 1988 at Citibank NA, where he worked for 18 years and in his last role, was the Managing Director and Division Head for Turkey, Middle East and Africa region. In 2006, he moved to become the Global co-founder of Fullerton Financial Holdings Pte. Ltd., headquartered in Singapore (a wholly owned subsidiary of Temasek Holdings Pte. Ltd., Singapore), where he served for 11 years in various roles including serving on its Global Management Board, as its Executive Vice President, Head of Consumer Banking and Head of Central and Eastern Europe, Middle East and Africa region. Simultaneously, he also was the Founder of Dunia Finance LLC in UAE, where he operated as its Managing Director and Chief Executive Officer. He holds a B. Tech. degree in Mechanical Engineering from the Indian Institute of Technology, Delhi and a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad. His appointment as an Independent Director of the Company was approved by the shareholders at the Extra Ordinary General Meeting held on 16th December 2019.

Ms. Dipali Hemant Sheth | Independent Director Dipali Sheth serves as Independent Director on the Boards of four other companies. Prior to joining the Company, she was associated with RBS Business Services Private Limited as the Country Head of Human Resources, Standard Chartered Bank as Head HR South Asia, Procter & Gamble Distribution Company Limited and DCM Limited. She holds a B.A. (Honours) degree in Economics from University of Delhi, passed out from the DCM Management Centre, and is an accredited Coach from ICF and Gallup, USA. Her appointment as an Independent Director of the Company was approved by the shareholders at the Extra Ordinary General Meeting held on 16th December 2019.

Experienced and Independent AMC Board

Ms. Jayashree Vaidhyanathan | Independent Director Jayashree Vaidhyanathan currently serves as a Co-Founder and CEO of BCT Digital, a technology company specializing in AI and Predictive analytics. Prior to BCT, she was associated with Scope International Private Limited as Head of Technology and Strategy and served as a partner with Accenture Services Private Limited. She has also served as an Independent Director in Altran, a $3.2 Billion Global Engineering and Innovation consulting firm and Mahindra Sanyo Steel. She holds a B.E. degree in Computer Science Engineering from University of Madras and an MBA from Cornell University. She is also a Chartered Financial Analyst from the Association for Investment Management and Research. Her appointment as an Independent Director of the Company was approved by the shareholders at the Extra Ordinary General Meeting held on 16th December 2019.

Mr. Kiran Kumar Tarania | Non-Executive Nominee Director Kiran Kumar Tarania is currently the General Manager – Treasury Division at Punjab National Bank. He is an accomplished finance professional with over 33 years of demonstrated history of work experience in banking industry. He has a vast experience in treasury management, risk management, corporate credit and general banking. He holds a B.Com (Honours) and a Masters of Management Studies degree and is a Certified Associate of Indian Institute of Bankers. His appointment as a Non-Executive Nominee Director was approved by the shareholders through Postal Ballot passed on 12th October 2022.

Mr. Imtaiyazur Rahman | Managing Director & CEO Imtaiyazur Rahman has over 35 years of experience in management, business leadership, leading change and forming strategic alliances. He joined the UTI Group in 1998 as part of UTI Investor Technology Services Ltd. and joined UTI AMC Ltd. in 2003. He was also the CFO of the company from 2005 till 2019. In his role as Group President & Chief Finance Officer, he headed the functions of Finance, Accounts, Taxation, Information Technology, Board related matters, Offshore Funds, Alternative Investments and Portfolio Management Services. He is a Science Graduate, Fellow Member of Institute of Cost Accountants of India and Institute of Company Secretaries of India, Certified Public Accountant (USA) and GAMP for Indian School of Business and Kellogg School of Management. He has completed the Leadership Programme – “Leading for Results” from INSEAD (France). He has been awarded ESG Competent Board’s Global Certification and Designation. He has been conferred an Honorary doctorate degree, D.Litt., by ITM University, Raipur. Mr. Rahman is on the Board of UTI International (Singapore), UTI International Ltd. Guernsey, UTI Venture Funds Management Co. Pvt. Ltd., UTI Retirement Solutions Ltd. and Indian Oiltanking Ltd. He is a member of the CII National Committee of Financial Markets as well as the Banking & Finance Committee of IMC Chamber of Commerce & Industry. He was on the Board of Association of Mutual Funds in India (AMFI) and is presently a permanent invitee to the AMFI Board Meetings. Prior to joining the Company, he was associated with Sumeet Machines Ltd., Leasing Finance India Ltd., Bells Controls Ltd., New India Rubber Works (P) Ltd. and S. Gupta & Co. Hel is the CEO of the Company w.e.f. 13th June 2020 and his appointment as the Managing Director of the Company was approved by the Shareholders at the Annual General Meeting held on 25th July 2022.

Disclaimer

information or to update this presentation or any additional

This presentation is for information purposes only and does not constitute a prospectus, an offering circular, an advertisement, a private placement offer letter or offer document or an offer or the recommendation or solicitation of an offer or invitation to purchase or sell any securities of UTI Asset Management Company Limited or its subsidiaries or its associates (together, the “Company”) under the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India, the United States, or any other jurisdiction. This presentation has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. Please note that for ease of understanding and calculations purposes, figures are rounded off to the nearest number while presenting figures in crores, lakhs, thousands or trillion, billion and million. In view of the rounding off, any calculations representing growth in % may not tally as it is derived from the underlying number. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, estimates, projections, opinions or conclusions expressed herein. This presentation should not be used as a basis for any investment decision. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. The statements contained in this presentation speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and the respective advisers undertakes any obligation to provide the recipient with access to any additional information or to correct any inaccuracies in any such information which may become apparent. Past performance may or may not be sustained in future and should not be considered as, indicative of future results. The presentation may contain information about UTI Mutual Fund which has to be read and understood in the context of the Company’s business, its operations and performance, and should not be construed as any form of communication / advertisement of UTI Mutual Fund. The information contained in this presentation is strictly confidential and is intended solely for your reference and shall not be reproduced (in whole or in part), retransmitted, summarized or distributed to any other persons without the Company’s prior written consent. Any extraneous or inconsistent information or representation, if given or made by any person, should not be relied upon as having been authorized by or on behalf of the Company. This presentation may contain, words or phrases like “will”, “aim” “believe”, “expect”, “projects”, “plans”, “will continue”, “anticipate”, “intend”, “estimate” and similar expressions or variations of these expressions, that are “forward-looking statements that involve risks and uncertainties and are based on certain beliefs, plans and expectations of the Company. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Although the Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. Representative examples of factors that could affect the accuracy of forward-looking statements include (without limitation) the condition of, and changes in, India’s political and economic status, government policies, applicable laws, global capital markets, the mutual fund industry in India, pandemics and international and domestic events having a bearing on the Company’s business, and such other factors beyond the Company’s control. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current views of the Company’s management on future events. Further, nothing in this presentation should be construed as constituting legal, business, tax or financial advice or a recommendation regarding the securities. None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss or damage howsoever arising from any information presented or contained in this presentation. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions. The information contained herein does not constitute an offer of securities for sale in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Before acting on any information you should consider the appropriateness of the information having regard to these matters, and in particular, you should seek independent financial advice. This presentation is not an advertisement under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and is not intended to influence investment decisions of any current or prospective investors of the schemes of UTI Mutual Fund. Definitions AUM refers to Assets Under Management as on end of any given month/period MAAUM refers to a given month’s average Assets Under Management QAAUM refers to a given quarter’s average Assets Under Management AAAUM refers to a given year’s average Assets Under Management Unless otherwise stated, the above definitions are used for Mutual Fund Assets under management Total AUM refers to the total Assets Under Management of UTI Asset Management Company Limited Other AUM refers to the AUM Under Management other than Mutual Fund AUM

Thank You

REGISTERED OFFICE: Registered Office: UTI Tower, 'Gn' Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400051. Phone: 022 – 66786666.

UTI Asset Management Company Ltd. (Investment Manager for UTI Mutual Fund) E-mail: invest@uti.co.in

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

PRESS RELEASE

UTI AMC announces Consolidated Net Profit at INR 437 crore for FY2022-23.

UTI Group AUM stands at INR 15.56 lakh crore.

Financial Highlights for FY 23

• Revenue from Operations for the financial year 2022-23 stood at ₹1,267 crore, down by 3.9% from FY 2021-22. The Core Revenue from Operations for FY 23, consisting of Sale of Services, amounted to ₹1,131 crore up by 1.1% as against FY 22.

• Profit Before Tax for FY 23 was at ₹586 crore, down by 11% as against FY 22. The Core Profit Before Tax for FY 23 (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹427 crore, down by 6% when compared to FY 22.

• FY 23 Profit After Tax stood at ₹437 crore down by 18% from FY 22. The Core Profit After Tax for the financial year (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹321 crore down by 12% as compared to FY 22.

• The Board recommended a final dividend of ₹22 per share for FY 23 as against ₹21 per share for FY 22. Final dividend for FY 23 is subject to the approval of shareholder at the ensuing Annual General Meeting.

• Total Assets Under Management for UTI AMC at ₹15,55,995 crore.

• UTI MF March 2023 Quarterly Average Assets under Management stood at ₹2,38,791

crore.

Financial Highlights for Q4 FY 23

• Q4 FY 23 Profit After Tax stood at ₹86 crore up by 59% from Q4 FY 22. The Core Profit After Tax for the fourth quarter (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹57 crore.

• Revenue from Operations for the January-March quarter stood at ₹301 crore down by 0.1% from the corresponding quarter in FY 22. The Core Revenue from Operations for Q4 FY 23 consisting entirely of Sale of Services amounted to ₹270 crore down by 8% as against Q4 FY 22.

• Profit Before Tax for the fourth quarter of FY 23 was at ₹117 crore up by 21% as against Q4 FY 22. The Core Profit Before Tax for the period (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹78 crore down by 24% when compared to Q4 FY 22.

Corporate Office: UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Tel: 022 6678 6666 Website: www.utimf.com

UTI Asset Management Company Limited (Investment Manager for UTI Mutual Fund) E-mail: service@uti.co.in Corporate Identity Number (CIN) L65991MH2002PLC137867

PRESS RELEASE

Commenting on the performance Mr. Imtaiyazur Rahman, Managing Director & Chief Executive Officer, UTI AMC said, “As the brand UTI is completing six decades of being a front runner in promoting the development of financial sector, we remain steadfast on our commitment towards our stakeholders. Our focus on offering innovative and customized solutions that cater to the diverse needs of our investors has been instrumental in our success over the years. As we continue to expand our product offerings and digital capabilities, we remain confident in our ability to create long-term value for all our stakeholders.”

Business Highlights for FY 23

• As on March 31, 2023, UTI MF’s Quarterly Average Assets under Management was

₹2,38,791 crore.

• Equity Assets (Active + Passive) contributed 74.2% to UTI MF’s total average AUM.

• The ratio of equity oriented QAAUM and non-equity oriented QAAUM is 74:26 vis-à-vis

industry ratio of 67:33.

• Gross Inflow mobilized through SIP for the year ended March 31, 2023, stood at ₹6,463 crore. SIP AUM as of year-end stood at ₹21,509 crore, an increase of 17.5% as compared to March 31, 2022.

• ~62,500 empaneled distribution partners across Mutual Fund Distributor, National Distributor and Banks, serviced through a total of 166 UFCs of which 108 are in B-30 locations.

• Total live folios stood at 1.22 crore as on March 31, 2023.

• Digital purchase transactions rose to 115.84 lakh, an increase of 24% as against year ended March 31, 2022. Digital channel contributed 38% to total new purchase transactions.

• UTI AMC has geographical presence in 697 districts in India, amongst the highest in the

industry.

Business Highlights Q4 FY 23

• Gross Inflow mobilized through SIP for the quarter ended stood at ₹1,667 crore. SIP AUM as of March 31, 2023, stood at ₹ 21,509 crore, a growth of 0.07% as compared to December 31, 2022.

• Digital purchase transactions rose by 0.55 lakh, an increase of 1.9% as against quarter ended December 31, 2022. Digital channel contributed 39% to total new purchase transactions.

Corporate Office: UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Tel: 022 6678 6666 Website: www.utimf.com

UTI Asset Management Company Limited (Investment Manager for UTI Mutual Fund) E-mail: service@uti.co.in Corporate Identity Number (CIN) L65991MH2002PLC137867

PRESS RELEASE

About UTI Asset Management Company Limited

UTI Asset Management Company Limited (UTI AMC) is Investment Manager to UTI Mutual Fund. It is incorporated under the Companies Act, 1956 and was approved to act as an Asset Management Company for UTI Mutual Fund by SEBI on January 14, 2003. UTI AMC is registered as Portfolio Manager with SEBI and through its subsidiary it acts as Fund manager for AIF, among others. It also has a countrywide network of branches along with a diversified distribution network.

Mumbai April 26, 2023

Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Phone: 022-66786666.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

For media queries, please contact:

Isha Srivastava isha.srivastava@uti.co.in +91 7045137078

- Shivani Pal

shivani.pal@uti.co.in +91 8898614722

Corporate Office: UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Tel: 022 6678 6666 Website: www.utimf.com

UTI Asset Management Company Limited (Investment Manager for UTI Mutual Fund) E-mail: service@uti.co.in Corporate Identity Number (CIN) L65991MH2002PLC137867

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