UTI Asset Management Company has reported a net loss of ₹51 crore in the March quarter against a profit of ₹102 crore logged in the same period last year.
Revenue increased 4 per cent to ₹390 crore (₹376 crore). Total income was up at ₹402 crore (₹376 crore), including other income of ₹12 crore.
The fund house has announced a dividend of ₹40. It has incurred an expense of ₹175 crore on net loss on fair value.
The assets under management of the mutual fund business increased 14 per cent to ₹3.88 lakh crore (₹3.39 lakh crore).
Equity assets were up 5 per cent at ₹95,824 crore (₹90,863 crore), while that of hybrid and fixed income jumped 9 per cent and 6 per cent to ₹34,232 crore (₹31,435 crore) and ₹38,088 crore (₹36,023 crore), respectively.
While cash arbitrage assets were up 9 per cent to ₹43,653 crore, that of passive funds increased 25 per cent to ₹1.77 lakh crore (₹1.41 lakh crore).
SIP inflows moved up 17 per cent to ₹852 crore (₹731 crore) even as AUM increased 6 per cent to ₹39,813 crore.
Vetri Subramaniam, Managing Director & Chief Executive Officer, UTI AMC, said to improve investor experience and operational efficiency, the fund house has strengthened distribution capabilities, improved product offerings and made significant investments in technology and digital transformation over the past year.
“Our strategic priorities continue to be sustainable growth, increased market penetration, and maintaining strong cost discipline while leveraging the scale and strength of our platform,” he added.