UTIAMCNSE29 January 2024

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

UTI Asset Management Company Limited

Ref. No.: UTI/AMC/CS/SE/2023-24/0395

Date: 29th January, 2024

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 nine

months ended 31st December, 2023

Dear Sir / Madam,

With reference to our letter no. UTI/AMC/CS/SE/2023-24/0393 dated 29th January, 2024 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 nine months ended 31st December, 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.

Thanking you,

For UTI Asset Management Company Limited

Arvind Patkar Company Secretary and Compliance Officer

Encl.: As Above

Information Classification: UTI AMC - Public

UTI ASSET MANAGEMENT COMPANY LIMITED

Investor Presentation

UTI AMC Q3 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 17.59 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

698 Districts covered across India

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

Partnering with ~65,500 MFDs Strong Penetration in B30 cities with high share

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

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

• • •

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

2

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

3

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

4

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

5

Healthy Mix of Shareholders

0.15% 2.54%

5.57%

8.28%

15.51%

22.92%

15.18%

9.95%

9.95%

9.95%

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 9.95% share capital each

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

Mutual Funds

Retail Shareholders

Foreign Portfolio Investors

Alternate Investment Funds

Punjab National Bank, which has no other AMC business, has a 15.18% holding

Others

As of 31st December 2023

6

Our Key Performance Indicators

Assets Under Management

Total AUM*

INR 17,59,150 Crore

MF QAAUM

INR 2,72,945 Crore

Market Share

NPS AUM

26.12%

MF AUM

5.54%

Profitability 9M FY 24 vs 9M FY 23

Flows & Folios

Revenue growth 35% Core Revenue growth# 0.3%

Gross Sales@

INR 2,47,173 Crore

EBITDA growth 60% Core EBITDA growth† (10%)

SIP Gross Sales@

INR 1,695 Crore

Other AUM^

INR 14,86,205 Crore

Equity AUM

4.02%

PAT growth 71% Core PAT growth† (5%)

Live folios

1.22 Crore

*Total AUM includes QAAUM for UTI MF and Closing AUM as of 31st December 2023, for all other business ^Other AUM: total Closing AUM as of 31st December 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

7

UTI Group

UTI AMC Structure

UTI AMC Ltd.

100% Subsidiaries

Investment Manager to UTI Mutual Fund

Support Services to SUUTI

Investment Manager to Offshore Funds

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

UTI International Ltd.

Manager for International (Offshore) Funds

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 ~17.5% YoY

December 2022

September 2023

December 2023

INR crore

Total INR 14,97,777 crore

Total INR 16,89,318 crore

Total INR 17,59,150 crore

1,643 , 0.11%

23,826 , 1.59%

2,40,841 , 16.08%

2,30,560 , 15.39%

1,799 , 0.11%

24,207 , 1.43%

2,66,813 , 15.79%

2,69,527 , 15.95%

1,943 , 0.11%

28,282 , 1.61%

2,72,945 , 15.52%

2,85,256 , 16.22%

10,00,906 , 66.83%

11,26,972 , 66.71%

11,70,724 , 66.55%

PMS

UTI MF

UTI International

UTI Alternatives

UTI RSL

10

UTI MF - witnessed AUM growth in the quarter

Domestic MF Closing AUM as on 31st December 2023

Equity INR 85,468 crore

ETFs & Index INR 1,13,627 crore

Cash & Arbitrage INR 30,925 crore

Hybrid INR 25,771 crore

Income INR 26,417 crore

MF Closing AUM INR 2,82,207 crore

Domestic MF QAAUM for the quarter ended 31st December 2023

Equity INR 80,455 crore

ETFs & Index INR 1,03,923 crore

Cash & Arbitrage INR 36,106 crore

Hybrid INR 24,701 crore

Income INR 27,760 crore

MF QAAUM INR 2,72,945 crore

11

Growth Trajectory – 13.33% YoY QAAUM growth for UTI MF

Total MF QAAUM

Market Share – Total MF QAAUM

INR crore

2,72,945

2,66,813

2,40,841

Dec 22

Sep 23

Dec 23

Dec 22

5.98%

Sep 23

5.68%

Dec 23

5.54%

Source: AMFI, Internal.

12

Keystones in Growth – 17.63% YoY growth in Hybrid QAAUM

Equity QAAUM

INR crore

80,455

78,291

73,631

Dec 22 Dec'22

Sep 23 Sep'23

Dec 23 Dec'23

Hybrid QAAUM

INR crore

21,000

24,701

23,038

Dec 22

Sep 23

Dec 23

Source: AMFI, Internal.

Market Share – Equity QAAUM

Market Share – Hybrid QAAUM

Dec 22

4.82%

Dec 22

4.78%

Sep 23

4.25%

Sep 23

4.56%

Dec 23

4.02%

Dec 23

4.55%

13

Income QAAUM witnessing 24.5% YoY growth

Income QAAUM

INR crore

26,881

27,760

22,299

Market Share – Income QAAUM

Market Share – Cash & Arbitrage QAAUM

Dec 22

2.91%

Dec 22

6.60%

Dec 22

Sep 23

Dec 23

Sep 23

3.04%

Sep 23

5.84%

Cash & Arbitrage QAAUM

INR crore

42,331

40,181

36,106

Dec 22

Sep 23

Dec 23

Source: AMFI, Internal.

Dec 23

3.16%

Dec 23

5.29%

14

Passive Funds Gaining Traction – clocking 35.82% YoY growth

Index & ETFs QAAUM

Market Share – Index & ETFs QAAUM

INR crore

98,421

1,03,923

81,580

Dec 22

Sep 23

Dec 23

Dec 22

12.67%

Sep 23

12.62%

Dec 23

12.71%

Source: AMFI, Internal

15

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

Quarterly Net Sales

INR crore

4,731

1,885

2,364

2,589

-287

-271

-134

-1,001

-2,135

1,264

1,036

857

-491

2,227

Q3 FY23

Q2 FY24

Q3 FY24

-3,950

-3,746

-6,718

-9,159

Equity

Hybrid

ETFs & Index

Cash & Arbitrage

Income

Total

Source: Internal.

16

Key Business Focus Areas

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

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

18

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

19

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

t

r t S

t n e m

t s e v n

I

l

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

20

2. SIP to remain the cornerstone for AUM performance

Long Tenure SIP Book(1)

Monthly Gross SIP Inflow (INR Crore)

More than 10 Years

89%

554

556

More than 5 Years

95%

573

566

537

532

572

565

558

554

554

550

544

DEC'22

JAN'23

FEB'23 MAR'23 APR'23 MAY'23 JUN'23 JULY'23 AUG'23 SEP'23 OCT'23 NOV'23 DEC'23

Our SIP AUM increased by INR 8,164.6 crore, or 38% from INR 21,495 crore as of 31st December 2022, to INR 29,6592) crore as of 31st December 2023

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

Source: RTA Data. (1) As of 31st December 2023 (2) SIP folios with four consecutive SIP failure has been excluded.

21

3. a) Enabling Business Digitally

24x7 Digital Channels

Assisted Journeys integrated

Building Community

• 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

• 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

Chatbot & WhatsApp

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

failed transactions

• Insta Invest- for one click Digital Investment via UTI

Financial Centres & Contact Centre

• Active engagement on multiple touch points across Social

Media channels

• Growing Social Media follower base and engagement via

multiple multimedia campaigns

• Content distribution across channels- Infographics, blog post, videos, eBooks, GIF, surveys chatbot, FAQs etc.

• Market Insight - UTI MF Knowledge Series based virtual

events.

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

Simplifying Life

• Real - time One Time Mandate– for enabling One-click

Investment

• Multi-scheme Investing – create and invest in upto 4

schemes in-a-go with one click investment

• Revamped Digital KYC - Paperless and Contactless KYC

process riding on Aadhar & Digi Locker

• Quick Services via SMS or Missed Call – Portfolio valuation

Enquiry, Request Call back, 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 • Revamped UTI Buddy - Office-on-the-go App and web interface for MFDs. Improved UI/UX and transactional Journeys and straight through capabilities

• Initiate & track transactions for investors to reduce sales

cycle. Track AUM, Folio and Market updates

• Embedded Investing - API integrations with Partners and

Aggregators.

• WhatsApp channel for Distributors. Communication on

WhatsApp also enabled as preferred channel

• UTI Insta Pay - Insta Brokerage Module for Commission

payments on the fly

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 across platforms

• Segmented and Targeted campaigns for cross-sell

based on Analytics

• Re-Marketing Campaigns – Retargeting and Cookie

based framework

• WhatsApp communication for Targeted Investors

22

3. b) New Age Digital Channels- #NEWFORYOU

New Website & Mobile App for Investors- Mobile First, secured & scalable

New UTI Buddy (office-on-the-go) Website & Mobile App for MFDs

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

3. c) Current Digital Ecosystem at UTI AMC

Riding on Best-in-class Technology and 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

24

3. d) 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%

94.60%

95.10%

94.60%

94.80%

96.40%

Number of digital SIP transactions recorded a growth of 10% in Q3 FY24 as compared to Q3 FY 23

Dec 22

Mar 23

Jun 23

Sep 23

Dec 23

34.23% 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

25

3. e) 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 reduce sales cycle, service instantly. Also track AUM, get business insights and timely market updated

for

to

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

32.26

FY 20

FY 21

FY 22

FY 23

Q3 FY24

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

53

49

42.25

34.23

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

Q3 FY24

26

3. f) Developing digital resources to be future ready

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

• Digitizing UFCs

riding on Technology and Digital

Segment

Solutions

• Digitized Ecosystem for Partners for Increased distribution

Remote/Distributed operating Model for Investor and

Outreach

Partner Support

• Data First organization riding on Analytics and Personalization

• Digitized & Automated Operational processes riding on

at Scale

Automation tools

27

4. a) Geographical Reach Across the Country

J&K 1

Chandigarh 1

Himachal Pradesh 1

Uttarakhand 3

Delhi 5

Haryana 6

Rajasthan 10

Uttar Pradesh 15

Bihar 7

Assam 5

Meghalaya 1

194

1,496

West Bengal 15

Tripura 1

756

Chhattisgarh 4

Odisha 8

Gujarat 16

Madhya Pradesh 7

Maharashtra 27

Goa 2

Karnataka 13

Telangana 6

Andhra Pradesh 9

Kerala 9

Tamil Nadu 11

Puducherry 1

~65,500

187

UTI Financial Centres (UFCs)

UTI AMC Employees*

Core Sales Team Members

Mutual Fund Distributors (MFDs)

District Associates (DAs)

As of 31sr December 2023 *Total Employees are 1,496 - includes 1,427 UTI MF employees and 69 employees of our subsidiaries

28

4. b) Multi-channel distribution network brings stability

Total QAAUM

Equity + Hybrid QAAUM

Dec ’22

29

Sep ’23

Dec ’23

26

28

66

68

68

Direct

MFDs

BND

5

Direct

MFDs

BND

6

Direct

MFDs

BND

5

Direct

MFDs

BND

Direct

MFDs

BND

Direct

MFDs

BND

Dec ’22

31

Sep ’23

32

Dec ’23

33

12

11

11

57

57

56

Source: RTA Data

Direct

MFD

Bank & Distributors

29

4. c) Outpacing the Industry in B30 cities

Monthly AAUM December ‘23

UTI Mutual Fund

77%

23%

Industry

T30

B30

T30

B30

15%

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

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 194 branches with 137 branches located in B-30 cites as of 30th December 2023

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

85%

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

Source: AMFI, RTA Data & Internal.

30

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

Assets Under Management of INR 28,282 crore as of 31st December 2023

4 Office Locations – Singapore, Dubai, London and Paris with a total of 29 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 1,097 million is being widely recognized and highly recommended

UTI India Innovation Fund has an AUM of USD 39.32 million

The J Safra Sarasin Responsible India fund, Europe’s first ESG Compliant India fund, has AUM of USD 80.86 million

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

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

31

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 26.12% of the NPS Industry AUM as on 31st December 2023

UTI Retirement Solutions has shown AUM growth of ~23.7% to INR 2.85 lakh crore as on 31st December 2023

32

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 SDOF I, II & III), multi strategy fund (UTI MOF I) and real estate strategy fund (UTI REOF I) with net commitments of INR 1,943 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 December 2020. Net Commitments of INR 519 crore(2). Currently Investing

UTI Structured Debt Opportunities Fund III – Launched in December 2022. Net Commitments of INR 415 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 and Investing with commitments of INR 114 Crore. UTI Alternatives got Co-investment Portfolio Manager (CPM) License in August 2022.

SEBI approvals received for two more Funds i.e., UTI Credit Opportunities Fund I and UTI Asset Reconstruction Opportunities Fund I – to be launched

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

Data as of 30th December 2023 (1) Net Outstanding Amount (2) Commitments received

33

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

E

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

S

• We are an equal opportunity

employer. Over 28% of our total workforce are women. We have 423 women employees in our workforce as of 31st December 2023.*

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

• We have sanctioned INR 9.87 crore under our CSR initiative during April – December 2023

G

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

As of December 31, 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

*Data pertains to UTI AMC employees, i.e., 28.27% of 1,496 employees

34

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 for the Owners of the Company

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

Q3 FY 24

Q3 FY 23

449

1

450

1

105

-

10

70

3

189

261

203

186

41%

Q3 FY 24

290

123

33

3

449

295

(2)

293

1

104

17

10

56

2

190

103

60

60

20%

Q3 FY 23

284

-

8

3

295

%(+/-)

52%

(150%)

54%

-

1%

(100%)

-

25%

50%

(1%)

153%

238%

210%

%(+/-)

2%

NA

313%

-

52%

INR crore

36

Consolidated 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 for the Owners of the Company

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

Q3 FY 24

Q2 FY 24

449

1

450

1

105

10

70

3

189

261

203

186

41%

404

2

406

1

111

10

61

3

186

220

183

183

45%

INR crore

%(+/-)

11%

(50%)

11%

-

(5%)

-

15%

-

2%

19%

11%

2%

Q3 FY 24

Q2 FY 24

%(+/-)

290

123

33

3

449

292

101

8

3

404

(1%)

22%

313%

-

11%

37

Consolidated Statement of Profit & Loss – 9 Months 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 for the Owners of the Company

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

9M FY 24

9M FY 23

%(+/-)

INR crore

1321

3

1324

1

323

31

192

8

555

769

621

603

46%

966

15

981

2

308

30

166

7

513

468

354

352

36%

37%

(80%)

35%

(50%)

5%

3%

16%

14%

8%

64%

75%

71%

9M FY 24

Q2 FY 24

%(+/-)

864

398

50

9

1321

862

79

15

10

966

1%

404%

233%

(10%)

37%

38

Standalone Statement of Profit & Loss – Quarterly Earnings

Q3 FY 24

Q3 FY 23

%(+/-)

INR crore

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)

346

1

347

3

88

9

41

3

144

203

150

43%

281

-

281

3

90

9

30

2

134

147

109

39%

Total Revenue from Operations

Q3 FY 24

Q3 FY 23

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

231

104

8

3

346

226

44

8

3

281

23%

NA

23%

-

(2%)

-

37%

50%

7%

38%

38%

%(+/-)

2%

136%

-

-

23%

39

Standalone Statement of Profit & Loss – Seq. Quarterly Earnings

Q3 FY 24

Q2 FY 24

%(+/-)

INR crore

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)

346

1

347

3

88

9

41

3

144

203

150

43%

311

-

311

2

95

9

36

3

145

166

134

43%

Total Revenue from Operations

Q3 FY 24

Q2 FY 24

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

231

104

8

3

346

233

67

8

3

311

11%

NA

12%

50%

(7%)

-

14%

-

(1%)

22%

12%

%(+/-)

(1%)

55%

-

-

11%

40

Standalone Statement of Profit & Loss – 9 Months 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)

9M FY 24

9M FY 23

%(+/-)

INR crore

1010

1

1011

8

271

28

113

8

428

583

449

44%

828

1

829

7

266

28

93

7

401

428

326

39%

22%

-

22%

14%

2%

-

22%

14%

7%

36%

38%

Total Revenue from Operations

9M FY 24

9M FY 23

%(+/-)

Sale of Services

Net Gain on fair value changes

Interest & Dividend Income

Rental Income

Total Revenue from Operations

692

285

24

9

1010

695

109

14

10

828

(1%)

161%

71%

(10%)

22%

41

Details of Consolidated Sale of Services

Q3 FY 24

Q3 FY 23

%(+/-)

9M FY 24

9M FY 23 %(+/-)

INR crore

Particulars

MF Fees

PMS Fees

SUUTI Support Service Fees

POP Fees & others

222

216

7

2

-

7

3

-

Sale of Services - UTI AMC Standalone

231

226

UTI International

UTI RSL

UTI Alternatives

Elimination

Sale of Services - UTI AMC Consolidated

32

29

3

(5)

290

33

26

2

(3)

284

3%

-

(33%)

-

2%

(3%)

12%

50%

67%

2%

666

20

5

1

666

20

8

1

692

695

93

86

6

(13)

864

98

75

4

(10)

862

-

-

(38%)

-

(0%)

(5%)

15%

50%

30%

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

9M FY 24

FY 23

%(+/-)

4,664

481

5,145

245

89

4,811

5,145

3,721

454

4,175

254

53

3,868

4,175

25%

6%

23%

(4%)

68%

24%

23%

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

9M FY 24

FY 23

%(+/-)

3,354

464

3,818

209

73

3,536

3,818

3,171

447

3,618

225

45

3,348

3,618

6%

4%

6%

(7%)

62%

6%

6%

INR crore

44

Operating Profit Margin (bps of AAUM)

Operating Margin

Operating Expenses

Operating Revenue

Operatin g Margin

Operatin g Expenses

Operatin g Revenue

YE FY 21

12

YE FY 23

14

23

32

44

37

*9M FY 24 figures have been annualised

Operating Revenue

Operating Expenses

Operating Margin

YE FY 22

16

25

9M FY 24*

12

22

Operating Margin

Operating Expenses

Operating Revenue

Operating Margin

Operating Expenses

Operating Revenue

41

34

45

Other Subsidiaries Financial highlights

Particulars

UTI International Ltd.

UTI Retirement Solutions Ltd.

UTI Alternatives Pvt. Ltd.

INR crore

UTI Venture Funds Mgmt. Co. Pvt. Ltd.

9M FY 24

9M FY 23

9M FY 24

9M FY 23

9M FY 24

9M FY 23

9M FY 24

9M FY 23

AUM

28,282

23,826

2,85,256

2,30,560

1,943

1,644

Management Fees

Investments & Other Incomes

Total Income

Employee Benefit Expenses

Admin & Depreciation

Total Expenses

PBT

Profit after Tax

Net Worth

93

110

203

37

56

93

110

108

694

98

(15)

83

30

58

88

(5)

(7)

579

86.4

7.2

93.6

6.5

34.2

40.7

52.9

39.6

173

75.2

3.5

78.7

5.6

26.8

32.4

46.3

34.9

122

6.3

9.8

16.1

7.8

3.6

11.4

4.7

4.2

54.3

4

1.1

5.1

6.2

3.8

10

(4.9)

(3.4)

49.3

-

-

0.87

0.87

-

0.09

0.09

0.78

0.59

13.6

-

-

0.61

0.61

-

0.08

0.08

0.53

0.4

12.6

46

Consolidated Ratios

PAT Margin (%)

Return on Equity (%)

0.6

0.55

0.5

0.45

0.4

0.35

0.3

0.25

42%

40%

46%

31%

34%

24%

21%

18%

15%

12%

9%

20%

16%

16%

10%

12%

FY 20

FY 21

FY 22

FY 23

9M FY 24 *

FY 20

FY 21

FY 22

FY 23

9M FY 24 *

*9M FY 24 figures have been annualised

47

Annexures

Investor Services Key Indicators – Q3 FY 24

1.74 lakh Total Call Volume Outbound

0.65 lakh Total Call Volume Inbound

5 seconds Average Speed of Answer

0.12 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

16 Total Complaints Received

1.22 crore Folios

Low Complaints Ratio against folios at 0.002%

50.80% Digital Transactions done post E-KYC are SIP Instalments

INR 5.74 crore Digital Transaction Amount capitalized post Digital KYC

2663 Digital KYC Compliant PANs created

97.70% Non-Commercial Transactions processed in the same day

80.88% Non- Commercial Transactions processed in 60 Minutes

49

Breakup of Consolidated investments

Breakdown of Total Investment

Investment in UTI MF Schemes

2,373

As on 31st December 2023

INR crore

9%

11%

Total Investments: INR 3,657 crore

15%

65%

Equity

Arbitrage

Liquid & Debt

Offshore Funds

Equity

Debt / Hybrid

Venture Funds, Other Equity etc.#

G Sec & Bonds

795

721

857

565

107

458

408

311

Mutual Funds Offshore Funds Venture funds, Other equity G Sec & Bonds

TOTAL

3,657

➢ Total Consolidated Investment as per the Balance Sheet as on 31.12.2023 is

₹ 4,229 crore, including the investments in SDOF II & III

➢ Above consolidated investment of ₹ 3,657 crore is the treasury investment of

UTI Group after eliminating the consolidation effect of SDOF II & III

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

50

UTI AMC Board of Directors - Composition

Geographical Representation

Board Composition

Women Directors Representation

3

7

1

3

6

2

Domestic

Overseas

Independent Directors

Women Director

Non-Executive Non-Independent Directors

51

Experienced and Independent AMC Board

Mr. Dinesh Kumar Mehrotra | Non - Executive Chairman & Independent Director Mr. Dinesh Kumar Mehrotra is the Non - Executive Chairman and an Independent Director of the Company. He has previously served as the Chairman and 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 Mr. Flemming Madsen is a Non - Executive Nominee Director of the Company. He was the Head of Global Financial Intermediaries at T. Rowe Price. He was Vice President of T. Rowe Price Group, Inc., T. Rowe Price International Limited and member of the EMEA Distribution Executive Committee. He was 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 Mr. Narasimhan Seshadri is an Independent Director of the Company. He has four decades of experience in the banking industry, having served two major public sector banks viz. Canara Bank and Bank of India. Prior to joining the Company, he was a Director on the Board of NPCI and the 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 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.

52

Experienced and Independent AMC Board

Mr. Rajeev Kakar | 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 Sheth | 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 | 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 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.

53

Experienced and Independent AMC Board

Mr. Kiran Kumar Tarania | Non-Executive Nominee Director Mr. 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 re-appointment as a Non- Executive Nominee Director at the Annual General Meeting held on 25th July 2023.

Mr. Srivatsa Desikamani | Non - Executive Nominee Director Mr. Srivatsa Desikamani is a Non - Executive Nominee Director of the Company. He is Head of Strategy and Corporate Development at T. Rowe Price. He is a Vice President at 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 shareholders approved his appointment as a Non-Executive Nominee Director at the Annual General Meeting held on 25th July 2023.

Mr. Imtaiyazur Rahman | Managing Director & CEO Mr. Imtaiyazur Rahman is the Managing Director & 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 Ltd. and joined UTI AMC Ltd. in 2003. He was also the CFO of the Company from 2005. In his role as Group President & Chief Finance Officer, he headed the functions of Finance, Accounts, Taxation, Information Technology, Board related matters, Offshore funds, Alternate Investments and Portfolio Management Services. He is a Science graduate, Fellow member of Institute of Cost Accountants of India and Institute of Company Secretaries of India, Certified Public Accountancy (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 also been conferred an Honorary doctorate degree, D.Litt., by the ITM University, Raipur. He has successfully completed programs on “Making Corporate Boards more Effective”, “Compensation Committees-New Challenges, New Solutions” and “Audit Committees in a New Era of Governance” from the Harvard Business School. Mr. Rahman is on the Board of UTI International (Singapore), UTI Venture Funds Management Co. Pvt. Ltd., UTI Alternatives Pvt. Ltd., UTI Retirement Solutions Ltd. and IndianOil Adani Ventures Ltd. Mr. Rahman 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.

54

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

55

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.

56

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