UTIAMCNSE25 July 2023

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

UTI Asset Management Company Limited

Ref. No.: UTI/AMC/CS/SE/2023-24/0338

Date: 25th July, 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 ended 30th June, 2023

Dear Sir / Madam,

With reference to our letter no. UTI/AMC/CS/SE/2023-24/0336 dated 25th July, 2023 and pursuant to Regulation 30 read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations), we are forwarding herewith the investor presentation and a copy of press release on financial results of the Company for quarter ended 30th June, 2023.

The same are also available on the Company’s website at www.utimf.com in compliance with Regulation 46 of the SEBI 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

UTI Asset Management Company Limited

Investor Presentation

UTI AMC Q1 FY 23-24

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 16.13 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 ~63,700 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 30th June 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

0.30%

4.85%

2.88%

8.70%

15.18%

22.96%

15.22%

9.97%

UTI AMC is a professionally managed company with no identifiable promoters

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

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

firm is

Mutual Funds

Retail Shareholders

Foreign Portfolio Investors

Alternate Investment Funds

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

As of 30th June 2023

Others

Our Key Performance Indicators

Assets Under Management

Total AUM*

INR 16,13,153 Crore

MF QAAUM

INR 2,48,088 Crore

Other AUM^

INR 13,65,065 Crore

Market Share

NPS AUM

26.57%

MF AUM

5.76%

Equity AUM

4.47%

Profitability Q1 FY 24 vs Q1 FY 23

Flows & Folios

Revenue growth 53% Core Revenue growth# (1%)

Gross Sales@

INR 2,14,304 Crore

EBITDA growth 159% Core EBITDA growth† (16%)

SIP Gross Sales@

INR 1,652 Crore

PAT growth 154% Core PAT growth† (24%)

Live folios

1.21 Crore

*Total AUM includes QAAUM for UTI MF and Closing AUM as of 30th June 2023, for all other business ^Other AUM: total Closing AUM as of 30th June 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

PMS EPFO, (includes CMPFO, ESIC and PLI Funds)

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 Alternatives Pvt. Ltd.*

Manager for Private Equity & Debt Funds

*formerly known as UTI Capital Pvt. Ltd.

Group AUM for UTI AMC increased by ~16.76% YoY

June 2022

Total INR 13,81,545 crore

March 2023

Total INR 15,55,995 crore

June 2023

INR crore

Total INR 16,13,153 crore

1,551 , 0.11%

25,990 , 1.88%

2,24,279 , 16.23%

2,03,786 , 14.75%

1,707 , 0.11%

21,703 , 1.39%

2,38,791 , 15.35%

2,40,709 , 15.47%

1,784 , 0.11%

21,772 , 1.35%

2,48,088 , 15.38%

2,57,903 , 15.99%

9,25,938 , 67.02%

10,53,085 , 67.68%

10,83,606 , 67.17%

*formerly known as UTI Capital

PMS

UTI MF

UTI International

UTI Alternatives*

UTI RSL

UTI MF - witnessed AUM growth in the quarter

Domestic MF Closing AUM as on 30th June 2023

Equity INR 77,223 crore

ETFs & Index INR 95,057 crore

Cash & Arbitrage INR 35,077 crore

Hybrid INR 21,753 crore

Income INR 25,090 crore

MF Closing AUM INR 2,54,199 crore

Domestic MF QAAUM for the quarter ended 30th June 2023

Equity INR 72,811 crore

ETFs & Index INR 88,431 crore

Cash & Arbitrage INR 40,869 crore

Hybrid INR 21,117 crore

Income INR 24,859 crore

MF QAAUM INR 2,48,088 crore

Growth Trajectory - 10.62% YoY QAAUM growth for UTI MF

Total MF QAAUM

Market Share – Total MF QAAUM

INR crore

2,24,279

2,48,088

2,38,791

Jun 22

Mar 23

Jun 23

Source: AMFI, Internal.

Jun 22

5.94%

Mar 23

5.89%

Jun 23

5.76%

Keystones in Growth – 9.17% YoY growth in Equity QAAUM

Equity QAAUM

Market Share – Equity QAAUM

Market Share – Hybrid QAAUM

INR crore

Jun 22

6.14%

72,811

70,494

66,693

Jun 22

Mar 23

Jun 23

Hybrid QAAUM

INR crore

21,117

20,612

20,162

Jun 22

Mar 23

Jun 23

Source: AMFI, Internal.

Mar 23

4.63%

Mar 23

5.28%

Jun 23

4.47%

Jun 23

5.05%

Income QAAUM stabilizing

Income QAAUM

Market Share – Income QAAUM

Market Share – Cash & Arbitrage QAAUM

INR crore

26,085

24,859

23,144

Jun 22

Mar 23

Jun 23

Cash & Arbitrage QAAUM

INR crore

46,140

41,671

40,869

Jun 22

Mar 23

Jun 23

Source: AMFI, Internal.

Jun 22

3.01%

Jun 22

7.19%

Mar 23

3.02%

Mar 23

6.46%

Jun 23

2.97%

Jun 23

6.27%

Passive Funds Gaining Traction – clocking 35.63% YoY growth

Index & ETFs QAAUM

Market Share – Index & ETFs QAAUM

INR crore

65,199

82,871

88,431

Jun 22

Mar 23

Jun 23

Jun 22

12.53%

Mar 23

12.39%

Jun 23

12.14%

Source: AMFI, Internal.

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

Quarterly Net Sales

4,874

3,496

5,362

429

INR crore

10,152

2,774

3,791

Q1FY23

Q1FY24

1,953

-1,193

-286

Equity

Hybrid

ETFs & Index

Cash & Arbitrage

Income

Total

-5,169

Yearly Net Sales

16,073

14,187

19,428

INR crore

3,496

4,965

5,362

2,774

1,208

10,152

FY 2021-2022

FY 2022-2023

FY 2023-2024

8,931

2,459

-1,193

-750

-533

-286

Source: Internal.

-11,059

-5,732

-7,905

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)

Monthly Gross SIP Inflow (INR Crore)

More than 10 Years

More than 5 Years

83%

91%

570

560

550

540

530

520

510

500

490

554

549

554

556

566

554

537

532

538

532

525

520

JUN'22 JUL'22 AUG'22 SEP'22 OCT'22 NOV'22 DEC'22 JAN'23 FEB'23 MAR'23 APR'23 MAY'23 JUN'23

Our SIP AUM increased by INR 7,132 crore, or 40.1% from INR 17,788 crore as of 30th June 2022, to INR 24,920(2) crore as of 30th June 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 30th June 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, New Mobile App & Transaction portal launched, Improved UI/UX and transactional Journeys

• 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

• Tech enabled, Secured and 2FA compliant Digital Channels • Added New features such as Investment packs, Goal Management, CART based Investing & much more

Assisted Journeys integrated

• Customer service for Product & Investment enquiry-

Inbound, Outbound & Co-browsing support

• Available from 8 AM to 8 PM 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

• Insta Invest- for one click Digital Investment via UTI

Financial Centres & Contact Centre

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

Simplifying Life

• One Time Mandate– for enabling One-click Investment • Scheme Packs – pre-curated Investment packs with 1-

click Investment

• Digital KYC & Aadhaar KYC - Paperless and Contactless

KYC process

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

Awareness, SOA enquiry etc

• ‘Quick Pay’ feature launched for instant Payment via pre- filled Investment Links for Missed SIPs, failed transactions

• Instant Call-back for failed SIP and Lumpsum transactions

& Abandoned Cart feature launched for drop-off transactions, to re-start journey

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

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

Explore Products & Invest

IFA/RM Assisted Sale

Contact Center Assisted Sale

Application @ UFC

Invest Via MFU, Kfin App and 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 UFCs

Direct Investments on Digital platforms

4 UNO

Chatbot & WhatsApp

Chat or Co-browse with Agent

3. d) Current Digital Ecosystem at UTI AMC

Riding on Best-in-class Technology & partner Ecosystem

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

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

100.00%

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%

94.60%

93.90%

Number of digital SIP transactions recorded a growth of 20% in Q1 FY24 as compared to Q1 FY23.

~34.05% 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.

Dec 21

Mar 22

Sep 22

Dec 22

Mar 23

June 23

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

•

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

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

28.41

FY 20

FY 21

FY 22

FY 23 Q4 FY 23 Q1 FY 24

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

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

42.25

43.7

34.05

60.00

50.00

40.00

30.00

20.00

10.00

0.00

22.9

Source: RTA Data

FY 20

FY 21

FY 22

FY 23 Q4 FY 23 Q1 FY 24

3. f) New Future Ready Digital Platforms for Investors

Investor Journey Simplified

Enhanced Assistance

Secure & Scalable

• Quick Onboarding • • •

Simplified Dashboard Seamless Transaction journeys Simplified Payments

E-commerce portal- CART, Compare, etc Innovative Calculators, Risk Profiler, etc

• • • Goal Planning & Management • Comprehensive Profile Management & Servicing

•

Secured login & transaction Modules with multi-layered data protection Scalable & Resilient Architecture riding on Micro-services

Quick & Instant Onboarding - Seamless Onboarding for Existing, New & Prospective Investors with Multimodal Authentication

Investments @ Fingertips- Enhanced Personalized Dashboard with Valuation, Gains, SIP Corner, Transaction History, etc

Personalization @ scale – Curated funds, Alerts section, curated content, Nudges & Reminders, etc

Comprehensive Suite of Transaction and Servicing modules with one-click Re-Purchase, Schedule, Re-start transactions

Driving engagement via Fund Cards, Innovative Calculators, Goal Planning, Smart & timely interventions, etc

Innovative features - CART buying, Pre-curated Scheme packs, UPI Payment, Comprehensive helpdesk

3. g) Developing digital resources to be future ready

Grow the Core

New Growth Avenues

Optimize Cost

• • •

Identified Focus areas & Roadmap Enabling Sales force Digitally Enhancing Digital Assets

• •

Tapping emerging & underleveraged segments Driving Digital Partnerships & Digital Sales via Paid & organic mediums

• •

Digitizing Operations to reduce cost Reimagining Operating Model riding on Technology & Data

Reimagined Digitized Ecosystem for Direct-to-Customer Segment – Launching New Mobile App & Website

Digitized Ecosystem for Partners for Increased distribution Outreach – Refreshed Digital Offerings

Data First organization riding on Analytics and Personalization at Scale – Smart Recommendations

Digitizing Branches riding on Technology and Digital Solutions – Digital Acquisition & Servicing

Remote/Distributed operating Model for Investor and Partner Support – Multi-modal Digital Support

Digitized and Automated Operational processes riding on Automation & Data – 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

1,491

West Bengal 13

Tripura 1

759

Chhattisgarh 3

Odisha 6

Gujarat 15

Madhya Pradesh 5

Maharashtra 21

Goa 2

Karnataka 12

Telangana 5

Andhra Pradesh 7

~63,700

188

Kerala 5

Tamil Nadu 10

Puducherry 1

As of 30th June 2023 *Total Employees are 1,491 - includes 1,422 UTI MF employees and 69 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

Equity + Hybrid QAAUM

Jun ‘22

Mar ’23

Jun ‘23

Direct

MFDs

BND

Direct

MFDs

BND

Direct

MFds

BND

Source: RTA Data

Direct

MFD

Bank & Distributors

Direct

MFDs

BND

Direct

MFDs

BND

Direct

MFDs

BND

Jun ‘22

Mar ‘23

Jun ’23

4. c) Outpacing the Industry in B30 cities

Monthly AAUM June ‘23

UTI Mutual Fund

22%

Industry

83%

T30

B30

T30

B30

17%

Source: AMFI, RTA Data & Internal.

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

78%

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

Network of 166 branches with 108 branches located in B-30 cites as of 30th June 2023

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

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

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

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

Assets Under Management of INR 21,772 crore as of 30th June 2023 (INR 25,990 crore as of 30th June 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 972.9 million is being widely recognized and highly recommended

UTI India Innovation Fund, launched in June 2022, has an AUM of USD 22.4 million

The J Safra Sarasin Responsible India fund, Europe’s first ESG Compliant India fund, has AUM of USD 81.9 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 26.57% of the NPS Industry AUM as on 30th June 2023

UTI Retirement Solutions has shown AUM growth of ~27% from INR 2,03,786 crore as on 30th June 2022 to INR 2,57,903 crore as on 30th June 2023

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

%%% UTI Alternatives (formerly known as UTI Capital Pvt. Ltd.), 100% subsidiary of UTI AMC Ltd. mandated to manage

and grow the private capital investment business

Currently manages 5 active private debt funds (UTI Structured Debt Opportunities Fund I, II & III), multi strategy fund (UTI Multi Opportunities Fund I) and real estate strategy fund (UTI Real Estate Opportunities Fund I) with net commitments of INR 1784 crore

UTI Structured Debt Opportunities Fund I – Launched in August 2017. Fund closed in May 2019. Net Commitments of INR 132 crore(1). Currently exiting Investments.

UTI Structured Debt Opportunities Fund II – Launched in September 2020. Net Commitments of INR 507 crore(2). Currently Investing.

UTI Structured Debt Opportunities Fund III – Launched in September 2022. Net Commitments of INR 383 crore(2). Currently fund raising and Investing.

UTI Multi Opportunity Fund I – Launched in March 2022. Net Commitments of INR 763 crore(2). Currently Investing

UTI Real Estate Opportunities Fund I – Currently Fund Raising with pre-commitments of INR 110 Crore. UTI Alternatives received Co-investment Portfolio Manager (CPM) License in August 2022.

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

Data as of 30th June 2023 (1) Net Outstanding Amount (2) 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

• We are an equal opportunity employer. ~29% of our total workforce are women. We have 429 women employees in our workforce as of 30th June 2023.*

•

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

• We have disbursed INR 1.25 crore under our CSR initiative during the quarter ended June 30, 2023.

• Corporate governance has always been an integral component of our investment philosophy and company selection process.

•

As of June 30, 2023, 60% of the Board members are Independent Directors (6 out of 10) with 2 Independent Women Directors.

• Women Director(s) present on the

Boards of UTI Capital, UTI International & UTI RSL

*the data pertains to UTI AMC employees, i.e., 28.77% of 1,491 employees

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

Q1 FY 24

Q1 FY 23

468 -

468 - 106 - 10 61 3

180

288

234 50%

293 13

306 1 101 40 9 49 2

202

104

92 30%

INR crore

%(+/-)

60% (100%)

53% (100%) 5% (100%) 11% 24% 50%

(11%)

177%

154%

Q1 FY 23 283 174 8 3 468

Q1 FY 23 287 - 3 3 293

%(+/-) (1%) NA 167% - 60%

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

Q1 FY 24

Q4 FY 23

468 -

468 - 106 - 10 61 3

180

288

234 50%

301 8

309 1 106 - 10 72 2

191

118

86 28%

INR crore

%(+/-)

55% (100%)

51% (100%) - - - (15%) 50%

(6%)

144%

172%

Q1 FY 24 283

Q4 FY 23 269

174

468

301

%(+/-) 5%

729%

55%

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

Q1 FY 24

Q1 FY 23

352 1 353 3 89 - 9 36 2 139

214

165 47%

239 1 240 2 86 7 9 28 2 134

106

99 41%

INR crore

%(+/-)

47% - 47% 50% 3% (100%) - 29% - 4%

102%

67%

Q1 FY 24 228 113 8 3

352

Q1 FY 23 234 - 2 3

239

%(+/-) (3%) NA 300% -

47%

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

Q1 FY 24

Q4 FY 23

%(+/-)

INR crore

352 1

353 3 89 - 9 36 2

139

214

165 47%

263 9

272 2 91 - 10 41 2

146

126

98 36%

Q4 FY 23 214 38 8 3 263

Q1 FY 24 228 113 8 3 352

34% (89%)

30% 50% (2%) NA (10%) (12%) --

(5%)

70%

68%

%(+/-) 7% 197% - - 34%

Details of Consolidated Sale of Services

INR crore

Particulars

Q1 FY 24

Q1 FY 23

%(+/-)

Q4 FY 23

%(+/-)

MF Fees

PMS Fees

SUUTI Support Service Fees

POP Fees & others

220

225

Sale of Services - UTI AMC Standalone

228

234

UTI International

UTI RSL

UTI Alternatives

Elimination

Sale of Services - UTI AMC Consolidated

(4)

283

(4)

287

(2%)

(33%)

(3%)

(9%)

17%

100%

(1%)

206

214

(4)

269

(6%)

Consolidated Balance Sheet

Particulars

Q1 FY 24

Q4 FY 23

%(+/-)

INR crore

Assets:

Financial Assets

Non-Financial Assets

Total Assets

Liabilities & Equity:

Financial Liabilities

Non-financial Liabilities

Equity

Total Liabilities & Equity

3,909

452

4,361

186

4,095

4,361

3,721

454

4,175

254

3,868

4,175

(1%)

(27%)

51%

Standalone Balance Sheet

Particulars

Q1 FY 24

Q4 FY 23

%(+/-)

INR crore

Assets:

Financial Assets

Non-Financial Assets

Total Assets

Liabilities & Equity:

Financial Liabilities

Non-financial Liabilities

Equity

Total Liabilities & Equity

3,300

437

3,737

168

3,501

3,737

3,171

447

3,618

225

3,348

3,618

(2%)

(25%)

51%

Operating Profit Margin (bps of AAUM)

YE FY 21

YE FY 23

Operating Margin

Operating Expenses

Operating Revenue

Operating Margin

Operating Expenses

Operating Revenue

*Q1 FY 24 figures have been annualised

Operating Revenue

Operating Expenses

Operating Margin

Operating Expenses

Operating Revenue

Operating Margin

Operating Expenses

Operating Revenue

YE FY 22

Q1 FY 24*

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 Quarter Ended June 2023

For the Quarter Ended June 2022

(GBP in ‘000)

INR crore

(GBP in ‘000)

INR crore

26,53,740

21,772

27,08,554

2,816

5,508

314

8,638

1,277

1,793

3,070

5,568

5,572

6,758

60,211

623

3,266

(3,505)

339

100

1,074

643

1,717

(1,617)

(1,690)

6,758

56,498

25,990

(34)

(16)

542

Other Subsidiaries Financial highlights

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

UTI Retirement Solutions Ltd.

UTI Alternatives Pvt. Ltd.*

UTI Venture Funds Mgmt. Co. Pvt. Ltd.

Q1 FY 24

Q1 FY 23

Q1 FY 24

Q1 FY 23

Q1 FY 24

Q1 FY 23

INR crore

2,57,902

2,03,786

1,784

1,551

27.7

2.2

0.3

30.2

2.3

0.3

10.4

17.2

12.5

146.3

24.1

0.4

0.3

24.8

1.8

0.3

8.4

10.5

14.3

10.7

97.5

1.8

0.5

0.1

2.4

2.3

1.0

3.3

(0.9)

(0.5)

49.3

1.1

0.1

1.3

2.2

1.0

3.2

(1.9)

(1.2)

27.1

0.3

0.2

13.2

0.4

0.1

0.5

0.1

0.4

0.3

12.5

*formerly known as UTI Capital Private Limited

Annexures

Investor Services Key Indicators – Q4 FY 23

1.42 lakh Total Call Volume Outbound

0.65 lakh Total Call Volume Inbound

9 seconds Average Speed of Answer

0.01 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

27 Total Complaints Received

1.21 crore Folios

Low Complaints Ratio against folios at 0.0002%

44.4% Digital Transactions done post E-KYC are SIP Instalments

INR 3.14 crore Digital Transaction Amount capitalized post Digital KYC

2,992 Digital KYC Compliant PANs created

69.30% Non-Commercial Transactions processed in the same day

45.27% Non- Commercial Transactions processed in 60 Minutes

Breakup of Consolidated investments

Breakdown of Total Investment

As on 30th June 2023

Investment in UTI MF Schemes

INR crore

2,519

8.5 %

6.4 %

14.2 %

Total Investments: INR 3,555 crore

Equity

Arbitrage

Liquid & Debt

Offshore Funds

Equity

Debt / Hybrid

70.9 %

Venture Funds, Other Equity etc.#

G Sec & Bonds

766

675

1,078

506

443

226

304

Mutual Funds Offshore Funds Venture funds, Other equity

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

Total

3,555

#Note : Investment in Venture Funds & Other Equity includes INR 88 crore in Ascent India III, INR 66 crore in SDOF I, II & III, INR 36 crore in LICHFL, etc. MF Investment includes INR 222 crore towards mandatory seed capital investment. Total equity investment of INR 443 crore by UTI International includes IDEF INR 300 crore & INR 143 crore invested UTI India Innovation Fund

UTI AMC Board of Directors - Composition

Geographical Representation

Board Composition

Women Directors Representation

Domestic

Overseas

Independent Directors

Women Director

Non-Executive Non-Independent Directors

Experienced and Independent AMC Board

Mr. Dinesh Kumar Mehrotra | Non - Executive Chairman & Independent Director Dinesh Kumar Mehrotra is a Non - Executive Chairman and Independent Director of the Company. He 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. The shareholders approved his appointment as an Independent Director of the Company at the Annual General Meeting held on 23rd August 2017.

Mr. Flemming Madsen | Non-Executive Nominee Director Flemming Madsen is a Non – Executive Nominee Director of the Company. He is the Head of Global Financial Intermediaries at T. Rowe Price. He is a Vice President of T. Rowe Price Group, Inc., T. Rowe Price International Limited and member of the EMEA Distribution Executive Committee. He has been associated with T. Rowe Price for 23 years. His total 39 years’ experience in the financial industry includes Capital Markets Transactions, Investment Banking, and Asset Management. The shareholders approved his appointment as a Non - Executive Nominee Director of the Company at the Annual General Meeting held on 25th July 2022.

Mr. Narasimhan Seshadri | Independent Director Narasimhan Seshadri is an Independent Director of the Company. He has over 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 a Master’s Degree in Commerce from the Bangalore University, Masters in Divya Prabandam M.A. (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. The shareholders approved his appointment as an Independent Director of the Company at the Annual General Meeting held on 23rd August 2017.

Mr. Deepak Kumar Chatterjee | Independent Director Deepak Kumar Chatterjee is an Independent Director of the Company. Prior to joining the Company, he was associated with SBI Funds Management Private Limited as the Managing Director and Chief Executive Officer and SBI Capital Markets Limited as the 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 the University of Delhi, an M.Sc. degree in Agricultural Physics from the Indian Agricultural Research Institute, New Delhi and an MBA from the University of Delhi. He is also a Certified Associate of the Indian Institute of Bankers. The shareholders approved his appointment as an Independent Director of the Company at the Annual General Meeting held on 25th September 2018.

Experienced and Independent AMC Board

Mr. Rajeev Kakar | Independent Director Rajeev Kakar is an Independent Director of the Company. He 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 is an Independent Director of the Company. She serves as an 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 of HR South Asia, Procter & Gamble Distribution Company Limited and DCM Limited. She holds a B.A. (Honours) degree in Economics from the University of Delhi, passed out from the DCM Management Centre, and is an accredited Coach from ICF and Gallup, USA. The shareholders approved her appointment as an Independent Director of the Company at the Extra Ordinary General Meeting held on 16th December 2019.

Ms. Jayashree Vaidhyanathan | Independent Director Jayashree Vaidhyanathan is an Independent Director of the Company. She currently serves as a co-founder and CEO of BCT Digital, a technology company specialising 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 US $3.2 bn Global Engineering and Innovation consulting firm and Mahindra Sanyo Steel. She holds a B.E. degree in Computer Science Engineering from the University of Madras and an MBA from Cornell University. She is also a Chartered Financial Analyst from the Association for Investment Management and Research. The shareholders approved her appointment as an Independent Director of the Company at the Extra Ordinary General Meeting held on 16th December 2019.

Experienced and Independent AMC Board

Mr. Kiran Kumar Tarania | Non-Executive Nominee Director Kiran Kumar Tarania is a Non-Executive Nominee Director of the Company. He is currently General Manager – Treasury Division at Punjab National Bank. He is an accomplished finance professional with over 34 years of demonstrated history of work experience in the 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 the Indian Institute of Bankers. The shareholders approved his appointment as a Non-Executive Nominee Director through Postal Ballot passed on 12th October 2022.

Ms. Srivatsa Desikamani | Additional Director (Nominee Non - Executive Category) Srivatsa Desikamani is an Additional Director (Nominee Non - Executive Category) of the Company. He is Head of Strategy and Corporate Development at T. Rowe Price. He is a Vice President of T. Rowe Price Associates, Inc. and T. Rowe Price Group, Inc. In his current role, he oversees the development of firm wide strategy, strategic initiatives, corporate development, and merger & acquisition activities for the firm. From 2013-2021, he was at Janus Henderson group (JHG), most recently as the Global Head of Strategy and Corporate Development and an advisory member of the Executive Committee. He led the areas of corporate strategy, strategic finance, planning, and corporate development at JHG. While at JHG, he led the merger of Janus Capital Group with Henderson Plc, the acquisitions of Kapstream Inc. (Australian Fixed Income manager), VelocityShares (Exchange Traded product manager), the divestiture of Geneva Capital Management, and other significant strategic ventures. Prior to Janus Henderson, he was at McKinsey & Co. in New York, where he served a variety of global asset management, banking, and financial services firms and was a leader in the asset management vertical within Financial Services. He has a bachelor’s degree, in engineering from Birla Institute of Technology and Science in Pilani, India, MS in Computer Science from the University of Delaware, and M.B.A. from the Tuck School of Business, Dartmouth. He has more than 15 years of asset management and financial industry experience. The Board has, through circular resolution passed on 9th June 2023 approved his appointment as an Additional Director (Nominee Non - Executive Category).

Mr. Imtaiyazur Rahman | Managing Director & CEO Imtaiyazur Rahman is the Managing Director and Chief Executive Officer of the Company. He has more than three decades of experience in management, business leadership, leading change and forming strategic alliances. He joined the UTI Group in 1998 as part of UTI Investor Services Limited and joined UTI AMC Limited in 2003. He was also the CFO of the Company from 2005. In his role as Group President & Chief Financial 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 the Institute of Cost Accountants of India and Institute of Company Secretaries of India, Certified Public Accountant (USA) and GAMP from Indian School of Business & 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. He is on the Board of UTI International (Singapore) Private Limited, UTI Retirement Solutions Limited, UTI Capital Private Limited and UTI Venture Funds Management Company Private Limited and Indian Oil Adani Ventures Limited. He is the Chairperson for the FICCI Task Force on ESG for 2023. He is also a member of the CII National Committee on Financial Markets; CII Financial Sector Development Council 2022-23; and 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.

Disclaimer

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 update this presentation or 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:

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

UTI Asset Management Company Limited (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 before investing.

PRESS RELEASE

UTI Asset Management Company Limited

Consolidated net profit for the quarter ended June 30, 2023 is ₹ 234 crore.

Business Highlights for Q1 FY 24:

• UTI Mutual Fund’s (UTI MF’s) total market share for the Q1 FY 24 was at 5.76%.

• For the quarter ended June 30, 2023, UTI MF’s average assets under management was

₹ 2,48,088 crore.

• For the April-June 2023 quarter, equity oriented assets contributed ~75% to UTI MF’s

total quarterly average AUM.

• The ratio of equity oriented QAAUM and non-equity oriented QAAUM is 75:25

compared to the industry ratio of 68:32, for the April-June 2023 quarter.

• For the first quarter of FY 2023-24, gross inflow mobilized through SIP stood as ₹ 554 crore. SIP AUM as of June 30, 2023 stood at ₹ 24,920 crore, witnessing an increase of ~16% as compared to March 31, 2023.

UTI Asset Management Company Limited (UTI AMC) declares quarterly results for the quarter ended June 30, 2023.

Financial Highlights for Q1 FY 24:

• The Core Income for the April-June 2023 quarter stood at ₹ 283 crore, decreasing 1.4%

YoY and up by 5.2% QoQ basis.

• Total Revenue from Operations for the quarter was ₹ 468 crore, up 60% YoY and 56%

QoQ.

• The Operating Expenses for Q1 FY 24 were at ₹ 180 crore, down 11% YoY and 6% QoQ

basis.

• The Core Profit before Tax for the first quarter of fiscal 2024 was at ₹ 103 crore,

witnessing a decline of 18% YoY and an increase of 31% QoQ.

• The Profit before Tax for this quarter was ₹ 288 crore, up by 177% YoY and 144% QoQ.

• The Core Profit after Tax for the quarter ended June 30, 2023 was ₹ 84 crore, witnessing

a decline of 25% YoY and a growth of 46% QoQ.

• Q1 FY 24 Profit after Tax (PAT) was at ₹ 234 crore, up 154% YoY and 172% QoQ.

• The total Assets under Management for UTI Asset Management Company stood at ₹

16,13,153 crore.

Commenting on the performance, Mr. Imtaiyazur Rahman, Managing Director & Chief Executive Officer, UTI Asset Management Company Limited said, “The Indian economy is witnessing robust growth & steadiness while reaching higher pedestal in the global standing. Despite the volatility and corrections in the market, the Indian mutual fund industry continues to attract investors’ interest.”

He also added, “At UTI AMC, we constantly endeavour to offer best services and competitive investment opportunities to our patrons while focusing on our strategic roadmap for the growth of the company.”

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 July 25, 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.

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