UTI AMC is the largest asset management company (‘AMC’) in India in terms of Total Assets Under Management (‘AUM’) and the seventh-largest AMC in India in terms of mutual fund Quarterly Average AUM (‘QAAUM’) as of September 30, 2019, according to CRISIL. The company caters to a diverse group of individual and institutional investors through a wide variety of funds and services. The company has been active in the asset management industry for the last fifty-five years and is the first established mutual fund in India. Now, the basic functioning of UTI AMC or for that matter any other AMC is to manage money. These companies act as an aggregator and invest the pooled funds from clients/ investors into a variety of securities and assets. AMCs range from personal money managers, handling high-net-worth individual accounts, to large investment companies sponsoring mutual funds. Their major source of income is the compensation in the form of fees, usually a percentage of AUM. Now, let’s...
Pre IPO | Private Equity | Unlisted Shares