UTI Asset Management Company Limited has informed the Exchange about Investor Presentation
UTI Asset Management Company Limited
UTI Mutual Fund
Ref. No.: UTI/AMC/CS/SE/2023-24/0364
Date: 18th October, 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 on financial results of the Company for the quarter and half
year ended 30th September, 2023
Dear Sir / Madam,
With reference to our letter no. UTI/AMC/CS/SE/2023-24/0363 dated 18th October, 2023 and pursuant to Regulation 30 read with Schedule III Part A Para A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations), we are forwarding herewith the investor presentation on financial results of the Company for quarter and half year ended 30th September, 2023.
The same is 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 R
UTI Mutual Fund
UTI Asset Management Company Limited
Investor Presentation
UTI AMC Q2 FY 23-24
UTI AMC - A Customer centric Global Asset Management Firm
UTI Mutual Fund
Pioneer in India Oldest Mutual Fund in Indio & a trusted household brand First to launch Equity Mutual Fund, Children's Pion
I NR 16.89 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, Notional Distributors and Fin-tech Partnering with ~64,390 MFDs Strong Penetration in B30 cities with high shore
• •
• •
a
• • •
Presence across 35 + Countries International Presence through UTI International Own Offices in Singapore, London, Dubai & Paris
• •
e
• • •
Strong Governance practices Professionally managed listed company with no identifiable promoters Strong independent Boord with 6 out of 10 members independent 2 Women Directors in UTI AMC. Women Directors present in UTI International, UTI RSL & UTI Capitol
*Total AUM includes QMUM for UT/ MF, Closing AUM as of 30th September 2023 for all other business
-
2
UTI AMC - Our Vision and Mission
□ uti
UTI Mutual Fund
VISION
~ i To be the most preferred Asset Manager
,, ~ ' ~ ,
MISSION
te~ The most trusted brand, admired by all stakeholders
~~ ~,,: Asset Manager with a diverse suite o products & global presence
f
••• •
Enable our customers to achieve their financial goals
~l)g Employer of first choice
~~ A socially responsible organization, known for best corporate governance
-
3
Focus is the Essence of our Business
uti
UTI Mutual Fund
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
-
4
Our Continuous Endeavour is to
□ uti
UTI Mutual Fund
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
Execute key operations and technology driven initiatives to improve efficiency, security, and agility
Enhance our standing as a leader in Retirement and AIF business
Increase our International presence further
•
Embed ESG principles across the firm lo be admirable stewards of client/ shareholder copital
Achieve investment performance for our investors
+
Returns for our shareholders in the long term
-
5
Healthy Mix of Shareholders
UTI Mutual Fund
UTI AMC com pany with no identifiable promoters
is a professionally managed
State Bank of India, Bank of Baroda and Life Insu rance Corporation of India hold 9.97% sha re capital each
■ T.Rowe1t·ce 'L ■ ID\iiiii
- - - • -
l~VEST WITH c! NFIDENCE
T. Rowe Price International Ltd. - a global investment management largest shareholder
firm
is
■ O SBI
■ Mutual Funds ■ Retail Shareholders
■ Foreign Portfolio Investors ■ Alternate Investment Funds
■ Others
As of 30th September 2023
Pun jab National Bank, which has no other AMC business, has a 15.21 % holding
Et
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6
Our Key Performance Indicators
UTI Mutual Fund
a
Assets Under Management
Total AUM*
INR 16,89,318 Crore
MFQMUM
INR 2,66,813 Crore
OtherAUM"
INR 14,22,505 Crore
fl
Market Share
NPSAUM
26.40%
MFAUM
5.68%
EquityAUM
4.25%
' Total AUM includes QAAUM for UT/ M F and Closing AUM as of 30th September 2023, for all other bus iness A Other AUM: t otal Clos ing AUM as of 30th September 2023, for all othe r bus iness except Mutual Funds # Core Revenue is Revenue from Sales of Services † t Core EB/TOA and Core PAT exclude M2M gain, Income from Sale of Investment and Othe r Non-Operating Income @For the quarter
-~ ~~ ~~ ~
- ~ -
Profitability Hl FY 24 vs Hl FY 23
Flows & Folios
Revenue growth 24% Core Revenue growth# (1 %)
Gross Sales@
INR 2,22,308 Crore
EBITDA growth 37% Core EBITDA growtht (11%)
SIP Gross Sales@
INR 1,648 Crore
PAT growth 43% Core PAT growtht (3%)
Live folios
1.22 Crore
7
-
UTI Mutual Fund
-ii ... ~ .. -..j, --::::
6,~t w!!!. ~i;i ~ ~ • ~
UTI Group
UTI AMC Structure
UTI Mutual Fund
100% Subsidiaries
Investment Manager to UTI Mutual Fund
Support Services to SUUTI
Investment Manager to Offshore Funds
PMS EPFO, (includes CMPFO, ESIC and PLI Funds
UTI International Ltd.
UTI Alternatives Pvt. Ltd.
Manager for Private Equity & Debt Funds
UTI Retirement Solutions Ltd.
Manager for Pension Funds
UTI Venture Fund Management Co. Ltd.
Manager for Venture Funds
-
9
Group AUM for UTI AMC increased by --16.89% YoY
September 2022
Total INR 14,45, 172 crore
June 2023
Total INR 1 6, 13, 153 crore
2,17,515 15.05%
25,105 1.74%
/
2,33,595 16.16%
2,57,903, 15.99%
21,772, 1.35%
/
2,48,088, 15.38%
UTI Mutual Fund
September 2023
INR crore
Total INR 16,89,318 crore
24,207 1.43%
2,66,813
/ "·"'
9,67,448 66.94%
10,83,606, 67.17%
11,26,,972 66.71%
■ PMS
■ UTIMF
■ UTI International
■ UTI Alternatives
UTI ■ RSL
10
-
UTI MF - witnessed AUM growth in the quarter
UTI Mutual Fund
Domestic MF Closing AUM as on 30th September 2023
I Equity INR 78,830 crore I Hybrid INR 24,368 crore
I ETFs & Index IN R 99,844 crore
1
1 ncome INR 26,390 crore
Cash & Arbitrage INR 29,037 crore
Q MF Closing AUM INR 2,58,469 crore
Domestic MF QMUM for the quarter ended 30th September 2023
I Equity INR 78,291 crore I Hybrid INR 23,038 crore
I ETFs & Index INR 98,421 crore G Income INR 26,881 crore
Cash & Arbitrage INR 40,181 crore
MF QMUM INR 2,66,813 crore
11
-
Growth Trajectory- 14.22% YoY QAAUM growth for UTI MF
UTI Mutual Fund
Total MF QMUM
Market Share - Total MF QAAUM
INR crore
Sep 22
Mar23
Sep 23
Source: AMF/, Inferno/.
Sep 22
5.98%
Mar23
Sep 23
5.68%
12
-
Keystones in Growth - 9.17% YoY growth in Equity QMUM
UTI Mutual Fund
EquityQMUM
INR crore
Market Share - Equity QMUM
Market Share - Hybrid QMUM
Sep22
•
Mar23
Sep23
Sep 22
HybridQMUM
INR crore
Sep 22
Mar23
Sep23
Source: AMF/, Internal.
Mar23
Mar23
Sep 23
Sep23
13
-
Income QAAUM witnessing growth
lncomeQMUM
INR crore
Market Share - Income QMUM
Market Share - Cash & Arbitrage QMUM
Sep22
UTI Mutual Fund
. • ■
Mar23
Sep 22
Sep23
Mar23
Mar23
Cash & Arbitrage QMUM
INR crore
Sep 23
Sep23
Sep 22
Mar23
Sep23
Source: AMF/, Internal.
11111
14
Passive Funds Gaining Traction - clocking 35.82% YoY growth
UTI Mutual Fund
Index & ETFs QAAUM
Market Share- Index & ETFs QMUM
INR crore
Sep 22
Mor23
Sep 23
Source: AMF/, Inferno/
Sep 22
Mar23
12.39%
Sep23
12.62%
15
-
Trend in Net Sales Quarterly Net Sales for ETF & Index witness steady growth
Quarterly Net Sales
5,368
5,362
3,496
2,364
2,576
768
1,885
-1,193
-2,135
-138
-286
UTI Mutual Fund
10,152
INR crore
6,614
2,774
857
-
-1,960
■
Q2 FY23
■
Q1 FY24
■
Q2 FY24
-3,746
Equi1y
Hybrid
ETFs & Index
-6,718
Cash & Arbitrage
Income
Total
Half Yearly Net Sales
2,721
- - -
1,599
-412
-
-121
- -262
- -3,328
Source: Internal.
10,242
5,860
5,831
I I
-
-1,356
3,200
•
-14,259
INR crore
10,404
6,406
3,630
- - ■ I I I
-5,637
-9,196
-95
■
HY Sep 24
■
HY Mar 23
HY Sep 23
■
16
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Key Business Focus Areas
uti
UTI Mutual Fund
Geographical Spread Across the Country
Growth of International, Retirement & Alternate Business
Consistent Development of Human Capital
Prudent Investment Management Process
Leveraging Digital Adoption
Attracting Right Opportunities through Partnerships
17
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1. a) Prudent Investment Management Policies
UTI Mutual Fund
~ Risk ~ , Identification • •
Product development
Stress testing
process
Risk control self
assessment
Review Mechanism
•
•
.m., Risk 'Ii" Control
• • •
Avoidance
Transfer
Mitigation
. . Risk ~ Measurement
• • • • •
Credit risk
Market Risk
Operational Risk
Liquidity Risk
Investment/Product Risk
Ell Risk __. Monitoring
• • •
Investment Committee
Risk Management Committee
Board
GI Control
• • Regular Compliance Check • • Dedicated Risk Management Team • •
Internal & External Audit Team
Advisory
• • Equity Research • • Debt & Macro Research
•
•· Decision Making
Fund Accounting
CIO, Head - Equity, Head - Fixed Income & Fund Managers
• • Accounting Valuation & Net Asset Value (NAV) • • Corporate Action Follow-up & Recovery
Execution
• • Equity, Debt, Money Market Dealers • • Primary Market Dealers
18
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1. b) Investment Management Process
UTI Mutual Fund
Equity Investment Process
Fixed Income Investment Process
Investment Process In house research team •
Proprietary framework- qualitative & quantitative
Portfolio Construction
11
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
Approach • Key objective is yield and duration management
Achieved through combination of top-down and 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
ti;J Construct
• Portfolio constructed in the light of investment objectives
and investment strategies
Emphasis on risk, diversification and performance
G
Performance Measurement • Based on performance of fund against benchmark and
Review • Comprehensive review mechanism with rigorous
peers over different time periods
monitoring
Supports investment decisions of fund managers
Endeavour to deliver industry leading performance
19
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1. c) Embedding ESG in our Investment Decisions
□ uti
UTI Mutual Fund
; e in .... C G) E 1ii f C -G) :::a ·;; C 0 a. rn ~
Integration
Integrating material ESG factors into Investment Decision Process
Stewardship
Safeguarding Investors' interests through monitoring and regular engagements with investee companies
20
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2. SIP to remain the cornerstone for AUM performance
UTI Mutual Fund
Long Tenure SIP Book(1)
Monthly Gross SIP Inflow (INR Crore)
More than 10 Years
88%
More than 5 Years
94%
570
560
550
540
530
520
510
554
549
556
554
538
537
566
566
554
554
550
544
I
532
I
SEP'22 OCT'22 NOV'22 DEC'22
JAN'23
FEB'23 MAR'23 APR'23 MAY'23 JUN'23 JULY'23 AUG'23 SEP'23
Our SIP AUM increased by INR 5,976 crore, or 29.06% from INR 20,565 crore as of 30th September 2022, to INR 26,541(2) crore as of 30th September 2023
Increasing the number of SIP-selling mutual fund distributors and their share of wallet is a particular priority for the sales engagement strategy lnc re
Source: RTA Doto. (1) As of 30th September 2023
-
(2) SIP folios with four consecutive SIP foilure has been excluded.
21
-
3. a) Enabling Business Digitally
24x7 Digital Channels □
•
Access ot your convenience anytime anywhere, New Mobile App & Tronsoction portol lounched, Improved UI/UX ond tronsoctionol Journeys
•
•
• •
Website utimf.com & Mobile App for Investing, Enquiry ond servicing . Website is Pl/VA enabled, ond SEO optimized
Conversotionol Investing, Enquiry & Assistance through chotbot UNO & WhotsApp Interface
Tech enobled, Secured ond 2FA compliont Digitol Chonnels
Added New features such os Investment pocks, Gool Monogement, CART bosed Investing & much more
Assisted Journeys integrated
Customer service for Product & Investment enquiry- Inbound, Outbound & Co-browsing support
•
•
•
•
Revamped Contact Centre operations - New Dialer & updated processes
' Live Chat with Agent' service for investors through Chotbot & WhotsApp
Coll-bock to customers for on-demand Assistance & for foiled transactions
lnsto Invest- for one click Digital Investment via UTI Financial Centres & Contact Centre
~
Partner Enablement • •
Online emponelment of MFDs
m C!IIJBuddy
Personalized and Contextual Journey
Simplifying Life
Real - time One Time Mandate- for enabling One-click Investment
Curated Scheme Pocks - pre-curated Investment pocks with 1- click Investment
Revamped Digital KYC - Paperless and Contoctless KYC process riding on Aodhor & Digi Locker
Quick Services via SMS or Missed Coll - Portfolio valuation Enquiry, Request Coll bock, SOA enquiry etc.
'Quick Pay' feature launched for instant Poyment vio pre-filled Investment Links for Missed SIPs, foiled tronsoctions
Instant Coll-bock for foiled SIP and Lumpsum tronsoctions & Abandoned Cort feature launched for drop-off transactions, to re-stort journey
Revamped UTI Buddy - Office-on-the-go App and web interface for MFDs. Improved UI/UX and tronsoctionol Journeys and straight through copobilities
•
•
•
•
Initiate & track transactions for investors to reduce soles cycle. Track AUM, Folio and Market updates
Embedded Investing - API integrations with Partners ond Agg regotors.
WhotsApp channel for Distributors. Communication on WhotsApp also enabled as preferred channel
UTI lnsto Pay - lnsto Brokerage Module for Commission payments on the fly
UTI Mutual Fund
Building Community
•
•
•
• •
Active engagement on multiple touch points across Social Media channels
Growing Social Media follower base and engagement via multiple multimedia compoigns
Content distribution across channels- lnfogrophics, blog post, videos, eBooks, GIF, surveys chotbot, FAQs etc.
Market Insight - UTI MF Knowledge Series based virtual events.
Awareness & Consideration led paid Marketing compoigns on Search, Display, OTT, Video, News platforms for existing prospective Audience
*
•
• •
•
•
•
Multi-media marketing platform for Email, SMS, Push Notifications etc.
Delivers relevant content through preferred channel
Consistency in customer experience with personalized touch across platforms
Segmented and Targeted campaigns for cross-sell based on Analytics
Re-Marketing Campaigns - Retorgeting and Cookie based framework
WhotsApp communication for Targeted Investors
22
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•
•
•
•
•
•
•
3. b) New Age Digital Channels- #NEWFORYOU
UTI Mutual Fund
NOW DISCOVER UTI MUTUAL FUND FROM ANYWHERE
Learn, Explore, Invest & Track 70+ Transactions I Visit www.utimf.com
lil!lll
Pre s e nting Th e New UTI MUTUAL FUND APP
- - Your wealth creation companion - -
Fast track your mutual fund business with
Investing at your fingertips
UTI MF INVESTOR APP . I Download now Ii ► j
• •···· Office-on-the-go portal for MFDs UTI BUDDY APP j Download now Ii I ► I Visit www.distributor.utimf.com
... Instant Support & Assistance
Call Now - 18002661230 (8 AM - 8 PM)
FASTER S MARTER EAS IER
_.©&,t=N◄ l'ii,14 iMIW
# NEWFORYOU/ ~
New Website & Mobile App for Investors- Mobile First, secured & scalable
j
New UTI Buddy (office-on-the-go) Website & Mobile App for MFDs
..
-~ ~
AADHAAR e-KYC
New state of the Art Contact Centre - Self-service IVR, Call, Chat, Co-browsing
Paperless & Contactless Digital KYC- riding on Aadhar, Digi locker & e-sign
23
-
Quick Services • Request Ccllbcck - 8655019940 • Portfolio Valuation - 9289607090 • Request SOA-SMS ESOA on 5607090
Conversational Assistance & Service Sey hi on • 7208081230
@ uhmutolfund O uhmutuolfundmd10 (ID uh ml O uhmutualhmd O ut1mutuolfunds @ ut1mutuolfunds @ ultmutuolfund5
3. c) Current Digital Ecosystem at UTI AMC
Riding on Best-in-class Technology and partner Ecosystem
UTI Mutual Fund
Front Office (Revenue generating & Customer facing)
Middle Office (Risk & Compliance)
Back Office (Accounting, Technology, HR, Finance)
Investment Management
\ . , WMltl'\S!pflctrum EB!X CASH Bloomberg
Transaction Processing
B i 11 D e s k L!i::!l!
Customer Engagement
ResultlC,\S +ableau ~•~ di!
Brand Message
Customer Onboarding Channels
DTS
OTM
Digital Enablers
dlg llalKYC ~
Dililockt<
Customer Servicing ex otel ti4"4fiitffl
Risk& Compliance
Ail• FACTSET A DEC iMAL PO iN T
9
1nnovativeResearchSolutions
infomatics
Research & Fund Management H@?iYEi1iti saveRis~
Human Resource
Accounting & Operations
Robotic Process Automation
~ Liquidice·
(illJPath·
lgonox
Registrar & Transfer Agent
Information Technology
fiJ-:1J1nazon ==-= .= •• web services ==- = ':' = ::-orcepoint ® HTT
24
-
Cybersecurity
Data
3. d) Growing online transactions reflect acceptance of digital
UTI Mutual Fund
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%
94.60%
95.10%
94 .60%
94.80%
93.90%
Sep 22
Dec 22
Mar 23
June 23
Sept 23
Number of digital SIP transactions recorded a growth of 22% in Q2 FY24 as compared to Q2 FY 23
•
33.03% of total gross sales of Equity & Hybrid funds were mobilized through digital platforms
a
We envisage using analytical tools and our digital marketing platform identify and capitalize on cross selling and upselling opportunities
to
25
-
3. e) Steps to increase digital presence are paying off
UTI Mutual Fund
(i
For Customers • •
Seamless accessibility through digital channels Paperless & digitally enabled KYC process & multiple enablers for seamless digital transactions
For Distributors
"UTI Buddy" - Office-on-the-go for distributors Enabled multiple transactions in assisted mode to reduce sales cycle, service instantly. Also track AUM, get business insights and timely market updated
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
• •
• GI
•
•
Number of Digital Purchase Transaction (in Lakhs)
120.00
100.00
80.00
60.00
40.00
20.00
0 .00
11 5.8 4
93 .57
41.40
26 .00
FY 20
FY 21
FY22
FY 23
Sales through Digital Platforms (as a %age of Equity & Hybrid MF Gross Sales)
53
49
42 .25
60.00
50.00
40.00
30.00
20.00
10.00
0 .00
22.9
Source: RTA Doto
FY 20
FY 21
FY 22
FY 23
26
-
3. f) Developing digital resources to be future ready
UTI Mutual Fund
Grow the Core
•
•
•
Identified Focus Areas & Roadmap
Enabling Sales force Digitally
Enhancing Digital Assets
New Growth Avenues
•
•
Tapping emerging segments
Driving digital partnerships & sales via paid & Organic mediums
Optimize Cost
•
•
Digitizing operations to reduce cost
Reimagining operating models riding on technology & data
•
•
•
Reimagined Digitized Ecosystem for Direct-to -Customer Segment
Digitized Ecosystem for Partners for Increased distribution Outreach
Data First organization riding on Analytics and Personalization at
Scale
•
•
•
Digitizing UFCs riding on Technology and Digital Solutions
Remote/Distributed operating Model for Investor and Partner
Support
Digitized & Automated Operational processes
riding on
Automation tools
27
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4. a) Geographical Reach Across the Country
5
tt
nd
Haryana 6
3
Delhi
Rajasthan 10
Madhya Pradesh 7
Jharkhand 5
Chhattisgarh 4
Maharashtra 28
Telangana 6
Karnataka 13
Kerala 9
As of 30th September 2023
- •TotarEmployees are 1,48T :-inclucles17 f1 4-UTI MF employees and7 3 employees o our su s, iari~
UTI Mutual Fund
.L .6a ~:.. liil"-,.
UTI Financial Centres (UFCs)
UTI AMC Employees*
Core Sales Team Members
Mutual Fund Distributors (MFDs)
District Associates (DAs)
28
-
4. b) Multi-channel distribution network brings stability
UTI Mutual Fund
Total QAAUM
Equity+ Hybrid QAAUM
SEP ’22
28
MAR ’23
25
SEP ’23
26
Direct
MFDs
BND
Direct
MFDs
BND
-
9
Direct
MFDs
BND
-
6
Source: RTA Data
SEP ’22
31
MAR ’23
33
32
65
66
Direct
MFDs
BND
-
12
Direct
MFDs
BND
-
12
SEP ’23
68
Direct
MFDs
BND
-
11
■ Direct ■ MFD ■ Bank & Distributors
57
55
57
29
-
4. c) Outpacing the Industry in B30 cities
UTI Mutual Fund
Monthly AAUM September '23
UTI Mutual Fund
Improved awareness about investing in financial products vis a vis traditional investment
77%
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
23%
Industry
17%
Network of 195 branches with 134 branches located in B-30 cites as of 30th September 2023
Our broad client base also provides us with several opportunities, including cross-selling different funds
83%
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
Ii
30
-
T30
B30
T30
B30
Source: AMF/, RTA Data & Internal.
5. a) UTI International Ltd. - Exploring New Destinations
UTI Mutual Fund
Assets Under Management of INR 24,207 crore as of 30th September 2023
4 Office Locations - Singapore, Dubai, London and Paris with a total of 30 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 961 million is being widely recognized and highly recommended
UTI India Innovation Fund, launched in June 2022, has an AUM of USD 25.6 million
The J Safra Sarasin Responsible India fund, Europe's first ESG Compliant India fund, has AUM of USD 78.4 million
Fund structures in Ireland, Singapore, Cayman Islands, Dubai and Mauritius
Regulated by Monetary Authority of Singapore, DIFC in Dubai and FCA, UK
31
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5. b) UTI Retirement Solutions Ltd. - Reaching New Heights
UTI Mutual Fund
~ l 00% subsidiary of UTI AMC Ltd.
f ;;i~ I PFRDA licensed for managing Pension funds
~ Managing Government and non-Government NPS corpus
~ UTI RSL manages 26.40% of the NPS Industry AUM as on 30th September 2023
~ UTI Retirement Solutions has shown AUM growth of ~24% to INR 2,69,527 crore as on 30th September 2023
32
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5. c) UTI Alternatives Pvt. Ltd. - Expanding the Business Portfolio
UTI Mutual Fund
UTI Alternatives (formerly known as UT/ 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 SDOF I, II & Ill), multi strategy fund (UTI MOF I) and real estate strategy fund (UTI REOF I) with net commitments of INR 1,799 crore
UTI Structured Debt Opportunities Fund I - Launched in August 2017. Fund closed in May 2019. Net Commitments of INR 132 crore1 1l. Currently exiting Investments
UTI Structured Debt Opportunities Fund II - Launched in September 2020. Net Commitments of INR 507 crore12l. Currently Investing
UTI Structured Debt Opportunities Fund Ill - Launched in September 2022. Net Commitments of INR 398 crore12l. Currently fund raising and Investing
UTI Multi Opportunity Fund I - Launched in March 2022. Net Commitments of INR 763 crore12l. Currently Investing
UTI Real Estate Opportunities Fund I - Currently Fund Raising with pre-commitments of INR 110 Crore. UTI Alternatives got Co-investment Portfolio Manager (CPM) License in August 2022. Net Commitments of INR 30 crore
SEBI approvals received for two more Funds i.e., UTI Credit Opportunities Fund I and UTI Asset Reconstruction Opportunities Fund I - to be launched
el UTI Altemot;ves ;, also comm;tted lo Respon,;ble lnvest;ng . UTI SDOF II & Ill hove a well defined ESG polky and sfrolegy
-~~---_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Data as of 30th September 2023
_ (l) Net Outstanding Amount (2) Commitments received
33
-
ESG Initiatives
UTI Mutual Fund
•
•
•
•
•
• •
• •
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
E
UTI AMC Group is a signatory to United Nations - Principles of Responsible Investin g framew ork
Adopted paperless office system , smart e-approval systems
Use of Renew able Energy at th e Corporate Office
S
•
• •
We are an equa l opportunity employer. -29% of our total w orkforce are women. We have 429 w omen employees in our workforce as of 30th September 2023. *
Strong CSR programme focusing on health , education and rura l developmen t with a human developmen t approach
• • We have sanctioned INR 7.77 crore under our CSR initiative during Apri l - September 2023
G
•
• •
• •
Corporate governance has a lw ays been an integral component of our in vestm ent phi losophy and company selection process.
As o f September 30 , 2023 , 60% o f th e Board members are Independent Directors (6 out of l 0) with 2 Independen t Women Directors.
Women Director(s) present on th e Boards of UTI Capital , UTI Internati onal & UTI RSL
*Data pertains to UT/ AMC employees, i.e., 28.85% of 1,487 employees
34
-
UTI Mutual Fund
Financial Snapshot
Consolidated Statement of Profit & Loss - Quarterly Earnings
Particulars
Total Revenue from Operations
Other Income
Total Income
Fee & Commission expenses
Employee benefit expense
Depreciation & Amortization expenses
Other Expense
Finance cost
Total Expenses
PBT
PAT
PAT Margins (PAT Margin = PAT/ Total Income)
Q2 FY 24
Q2 FY 23
404
2
406
1
111
10
61
3
186
220
183
45%
435
4
439
1
103
10
61
2
177
262
200
46%
Total Revenue from Operations
Q2 FY 24
Q2 FY 23
Sale of Services
Net Gain on fair value changes
Interest & Dividend Income
Rental Income
Total Revenue from Operations
292
101
8
3
404
291
136
5
3
435
%(+/-)
(7%)
(50%)
(8%)
8%
50%
5%
(16%)
(9%)
%(+/-)
1%
(26%)
60%
(7%)
□ uti
UTI Mutual Fund
INR crore
36
-
Consolidated Statement of Profit & Loss - Seq. Quarterly Earnings
Q2 FY 24
Ql FY 24
%(+/-)
Particulars
Total Revenue from Operations
Other Income
Total Income
Fee & Commission expenses
Employee benefit expense
Depreciation & Amortization expenses
Other Expense
Finance cost
Total Expenses
PBT
PAT
PAT Margins (PAT Margin = PAT/ Total Income)
404
2
406
1
111
10
61
3
186
220
183
45%
467
1
468
106
10
61
3
180
288
234
50%
Total Revenue from Operations
Q2 FY 24
Ql FY 24
Sale of Services
Net Gain on fair value changes
Interest & Dividend Income
Rental Income
Total Revenue from Operations
292
101
8
3
404
283
173
8
3
467
□ uti
UTI Mutual Fund
INR crore
37
-
(13%)
100%
(13%)
100%
5%
3%
(24%)
(22%)
%(+/-)
3%
(42%)
(13%)
Consolidated Statement of Profit & Loss - Half Yearly Earnings
Particulars
Total Revenue from Operations
Other Income
Total Income
Fee & Commission expenses
Employee benefit expense
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
Hl FY 24 872 2 874
l 218 20 122 5 366
508
417 48%
Hl FY 24 574 275 17 6 872
Hl FY 23
688 17 705
l 204 20 110 5 340
365
291 41%
Hl FY 23 578 96 7 7 688
%(+/-)
27% (88%) 24%
7%
11%
8%
39%
43%
%(+/-) (1%) 186% 143% (14%) 27%
□ uti
UTI Mutual Fund
INR crore
38
-
Standalone Statement of Profit & Loss - Quarterly Earnings
Particulars
Total Revenue from Operations
Other Income
Total Income
Fee & Commission expenses
Employee benefit expense
Depreciation & Amortization expenses
Other Expense
Finance cost
Total Expenses
PBT
PAT
PAT Margins (PAT Margin = PAT/ Total Income)
Q2 FY 24
Q2 FY 23
311
311
3
95
9
36
2
145
166
134
43%
315
1
316
3
90
9
36
2
140
176
118
37%
Total Revenue from Operations
Q2 FY 24
Q2 FY 23
Sale of Services
Net Gain on fair value changes
Interest & Dividend Income
Rental Income
Total Revenue from Operations
233
67
8
3
311
235
73
4
3
315
%(+/-)
(1 %)
(100%)
(2%)
6%
4%
(6%)
14%
%(+/-)
(1%)
(8%)
100%
(1 %)
□ uti
UTI Mutual Fund
INR crore
39
-
Standalone Statement of Profit & Loss - Seq. Quarterly Earnings
Particulars
Total Revenue from Operations
Other Income
Total Income
Fee & Commission expenses
Employee benefit expense
Depreciation & Amortization expenses
Other Expense
Finance cost
Total Expenses
PBT
PAT
PAT Margins (PAT Margin = PAT/ Total Income)
Q2 FY 24
Ql FY 24
311
311
3
95
9
36
2
145
166
134
43%
352
1
353
3
89
9
36
2
139
214
165
47%
Total Revenue from Operations
Q2 FY 24
Ql FY 24
Sale of Services
Net Gain on fair value changes
Interest & Dividend Income
Rental Income
Total Revenue from Operations
233
67
8
3
311
228
113
8
3
352
%(+/-)
(12%)
(100%)
(12%)
7%
4%
(22%)
(19%)
%(+/-)
2%
(41%)
(12%)
□ uti
UTI Mutual Fund
INR crore
40
-
Standalone Statement of Profit & Loss - Half Yearly Earnings
Particulars
Total Revenue from Operations
Other Income
Total Income
Fee & Commission expenses
Employee benefit expense
Depreciation & Amortization expenses
Other Expense
Finance cost
Total Expenses
PBT
PAT
PAT Margins (PAT Margin = PAT/ Total Income)
Hl FY 24
Hl FY 23
664
664
5
184
18
72
5
284
380
299
45%
547
1
548
5
176
19
63
4
267
281
217
40%
Total Revenue from Operations
Hl FY 24
Hl FY 23
Sale of Services
Net Gain on fair value changes
Interest & Dividend Income
Rental Income
Total Revenue from Operations
461
181
16
6
664
469
66
6
6
547
%(+/-)
21%
(100%)
21%
5%
(5%)
14%
25%
6%
35%
38%
%(+/-)
(2%)
174%
167%
21%
□ uti
UTI Mutual Fund
INR crore
41
-
Details of Consolidated Sale of Services
□ uti
UTI Mutual Fund
INR crore
Particulars
MF Fees
PMS Fees
SUUTI Support Service Fees
POP Fees & others
Q2 FY 24
Q2 FY 23
%(+/-)
Hl FY 24 Hl FY 23 %(+/-)
224
225
(1%)
444
450
(1 %)
7
1
1
7
2
1
(50%)
13
3
1
13
5
1
(40%)
Sole of Services - UTI AMC Standalone
233
235
(1 %)
461
469
(2%)
UTI International
UTIRSL
UTI Alternatives
Elimination
29
28
2
33
25
1
(3)
(12%)
12%
100%
(100%)
58
56
4
(5)
65
49
2
(7)
(11 %)
14%
100%
(29%)
Sole of Services - UTI AMC Consolidated
292
291
574
578
(1 %)
42
-
Consolidated Balance Sheet
Particulars
Assets:
Financial Assets
Non-Financial Assets
Total Assets
Liabilities & Equity:
Financial Liabilities
Non-financial Liabilities
Equity
Total Liabilities & Equity
Hl FY 24
FY23
%(+/-)
4,297
463
4,760
217
72
4,471
4,760
3,721
454
4,175
254
53
3,868
4,175
15%
2%
14%
(15%)
36%
16%
14%
□ uti
UTI Mutual Fund
INR crore
43
-
Standalone Balance Sheet
Particulars
Assets:
Financial Assets
Non-Financial Assets
Total Assets
Liabilities & Equity:
Financial Liabilities
Non-financial Liabilities
Equity
Total Liabilities & Equity
Hl FY 24
FY23
%(+/-)
3,160
446
3,606
189
59
3,358
3,606
3,171
447
3,618
225
45
3,348
3,618
(1 %)
(1 %)
(1 %)
(16%)
31%
1%
(1 %)
□ uti
UTI Mutual Fund
INR crore
44
-
Operating Profit Margin (bps of MUM)
UTI Mutual Fund
Operating Margin
Operating Expenses
Operating Revenue
Operating Margin
Operating Expenses
Operating Revenue
YE FY 21
12
32
44
YE FY 23
■ Operating Revenue
■ Operating Expenses
14
■ Operating Margin
23
37
Operating Margin
Operating Expenses
Operating Revenue
Operating Margin
Operating Expenses
Operating Revenue
*HJ FY 24 figures have been annualised
YE FY 22
16
25
Hl FY 24*
14
22
41
36 -
45
UTI International - Consolidated Statement of Profit & Loss
□ uti
UTI Mutual Fund
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 period ended September 2023
For the period ended September 2022
(GBP in '000)
23,80,908
INR crore
24,207
(GBP in '000)
27,65,803
INR crore
25,105
5,837
8,319
709
14,865
2,422
3,496
5,918
8,947
8,867
6,758
61
86
7
154
25
36
61
93
92
69
6,804
2,697
2,189
11,690
2,083
3,909
5,992
5,698
5,540
6,758
63,916
650
64,993
65
26
20
111
20
37
57
54
53
69
590 -
46
Other Subsidiaries Financial highlights
□ uti
UTI Mutual Fund
INR crore
Particulars
AUM
Sale of Services
M2M Goin on Investment
Other Income
Total Income
Employee Benefit Expenses
Depreciation Expenses
Administration Expenses
Total Expenses
PBT
Profit ofter Tax
Net Worth
UTI Retirement Solutions Ltd.
UTI Alternatives Pvt. Ltd.
UTI Venture Funds Mgmt. Co. Pvt. Ltd.
Hl FY 24
Hl FY 23
Hl FY 24
Hl FY 23
Hl FY 24
Hl FY 23
2,69,527
2, 17,515
1,799
1,509
56.6
49.2
3.0
1.4
61
4.5
0.7
21.4
26.6
34.4
25.2
2.5
51.7
3.8
0.6
17.4
21.8
29.9
22.6
3.4
3.1
0.2
6.7
4.5
2.1
6.6
0.1
0.6
159.0
109.5
50.52
2.4
0.4
0.1
2.9
4.2
2.4
6.6
(3.7)
(2.5)
50.0
0.7
0.7
0.7
0.5
13.5
0.6
0.6
0.6
0.4
12.6 -
47
Consolidated Ratios
UTI Mutual Fund
tt I 1i!J-..
PAT Margin (%)
iiV"I i I II
Return on Equity (%)
0.6
0.55
0.5
0.45
0.4
0.35
0.3
0.25
8%
24%
21%
18%
15%
12%
9%
21%
16%
FY 20
FY 21
FY 22
FY 23 Hl FY24*
FY 20
FY 21
FY 22
FY 23
Hl FY24*
*HJ FY 24 figures have been annualised
48
-
UTI Mutual Fund
-ii ... ~ .. -..j, --::::
6,~t w!!!. ~i;i ~ ~ • ~
Annexures
~
Investor Services Key Indicators - Q2 FY 24
UTI Mutual Fund
1.32 lakh Total Call Volume Outbound
0.78 lakh Total Call Volume Inbound
15 seconds Average Speed of Answer
0.14Iakh Live Chats offered
• • •
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
21 Total Complaints Received
1.22 crore Folios
Low Complaints Ratio against
folios at 0 .002%
53% Digital Transactions done post E-KYC are SIP Instalments
INR 3.59 crore Digital Transaction Amount capitalized post Digital KYC
4035 Digital KYC Compliant PANs created
96.54% Non-Commercial Transactions processed in the same day
70.94% Non- Commercial Transactions processed in 60 Minutes
Contact Center
~ "•
Investor Services
~ . ig i . Jr L.
Digital Transactions (own assets)
:R
Non-Commercial Transactions
50
-
Breakup of Consolidated investments
Breakdown of Total Investment
Investment in UTI MF Schemes
2,256
UTI Mutual Fund
INR crore
Total Investments: INR 3,890 crore
■ Mutual Funds
■ Offshore Funds
■ Venture funds, Other equity
■ G Sec & Bonds
#Note : Investment in equity includes investment as per regulatory mandate
Equity
Arbitrage
Liquid & Debt
Offshore Funds
Equity
Debt / Hybrid
Venture Funds, Other Equity etc.#
G Sec & Bonds
723
689
844
529
465
64
185
920
Total
3,890
As on 30th September 2023
#Note : Investment in Venture Funds & Other Equity includes INR 87 crore in Ascent Indio Ill, INR 27 crore in SDOF I, II & Ill, INR 34 crore in LICHFL, etc.
51
-
UTI AMC Board of Directors - Composition
UTI Mutual Fund
Geographical Representation
Board Composition
Women Directors Representation
6
■ Domestic ■ Overseas
Independent Directors
■ Women Director
■ Non-Executive Non-Independent Directors
■ Whole Time Director
52
-
Experienced and Independent AMC Board
UTI Mutual Fund
Mr. Dinesh Kumar Mehrotra I Non - Executive Chairman & Independent Director Mr. 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 UC. He has also served as the Executive Director of International Operations at UC. 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 I Non - Executive Nominee Director Mr. 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.
I Independent Director
Mr. Narasimhan Seshadri Mr. 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 I Independent Director Mr. 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.
53
-
Experienced and Independent AMC Board
UTI Mutual Fund
Mr. Rajeev Kakar I Independent Director Mr. 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 I Independent Director Ms. 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 I Independent Director Ms. 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 Al 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.
54
-
Experienced and Independent AMC Board
UTI Mutual Fund
Mr. Kiron Kumar Tarania I Non-Executive Nominee Director Mr. Kiron 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 re-appointment as a Non-Executive Nominee Director at the Annual General Meeting held on 25th July 2023.
Mr. Srivatsa Desikamani I Non - Executive Nominee Director Mr. 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 Pie, 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 shareholders approved his appointment as a Non-Executive Nominee Director at the Annual General Meeting held on 25th July 2023 .
Mr. lmtaiyazur Rahman I Managing Director & CEO Mr. lmtaiyazur 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.
55
Disclaimer
UTI Mutual Fund
This presentation is for information purposes only and does not constitute a prospectus, on offering circular, on advertisement, a private placement offer letter or offer document or on offer or the recommendation or solicitation of on 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 mode thereunder, the Securities and Exchange Boord of Indio (Issue of Capitol and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable low in Indio, the United States, or any other jurisdiction. This presentation hos not been and will not be reviewed or approved by a regulatory authority in Indio or by any stock exchange in Indio. The Company hos prepared this presentation based on information available to it, including information derived from public sources that hove not been independently verified. Please note that for ease of understanding and calculations purposes, figures ore rounded off to the nearest number while presenting figures in crores, lokhs, 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 dote as of which they ore mode, 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 ore 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. Post 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 hos 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 port), 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 mode 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 ore "forward-looking statements that involve risks and uncertainties and ore 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 ore based on reasonable assumptions, it con 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 lows, global capitol markets, the mutual fund industry in Indio, pandemics and international and domestic events having a bearing on the Company's business, and such other factors beyond the Company's control. You ore cautioned not to place undue reliance on these forward-looking statements, which ore 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 low. Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions. The information contained herein does not constitute on offer of securities for sole in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or on 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 on advertisement under the Securities and Exchange Boord of Indio (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 overage Assets Under Management QMUM refers to a given quarter's overage Assets Under Management AMUM refers to a given year's overage Assets Under Management Unless otherwise stated, the above definitions ore 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
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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.