The core Profit after Tax for the fourth quarter (excluding M2M gains, income from sale of investments, and other non-operating income) stood Rs 48 crore, falling 44% as compared to the corresponding quarter of FY21. UTI MF March 2022 Quarterly Average Assets under Management (QAuM) was at Rs 2,23,842 crore.

Consolidated profit before tax (PBT) slumped 35.8% to Rs 97.34 crore in Q4 March 2022 as against Rs 151.62 crore in Q4 March 2021. The core Profit before Tax for the period (excluding M2M gains, income from sale of investments, and other non-operating income) stood at Rs 87 crore, down by 11% as compared to Q4 FY21. The total expenses increased by 50.80% to Rs 207.64 crore in Q4 March 2022 as compared to Rs 137.69 crore in Q4 March 2021.

On a yearly basis, UTI Asset Management Company (AMC)'s consolidated net profit grew 8.14% to Rs 534.59 crore on a 12.88% increase in total revenue from operations to Rs 1,319.08 crore in FY22 over FY21.

Commenting on the Q4 performance, Imtaiyazur Rahman, the chief executive officer (CEO) of UTI AMC, said, “The awareness and acceptance of mutual fund products continued to increase in the last one year thanks to the efforts taken by the industry. UTI AMC looks to provide investment opportunities to investors for their long-term financial goals while managing market volatility. UTI AMC has registered an increase in its Assets under Management in this challenging environment and will continue to strive for growing its business across different asset categories. We remain committed to building the business by offering suitable mutual fund products and enhanced services to cater to a wide array of investors.”

Gross Inflow mobilized through SIP for the quarter ended stood at Rs 1,489 crore. SIP AuM as of 31 March 2022 was at Rs 18,311 crore, registering a growth of 1.02% as compared to 31 December 2021. Digital purchase transactions rose by 28.55 lakh, recording an increase of 11.43% as against quarter ended 31 December 2021. Digital channel contributed 38.7% to total new purchase transactions.

As on 31 March 2022, UTI MF's Quarterly Average Assets under Management was at Rs 2,23,842 crore. Equity Assets (Active + Passive) contributed 70.7% to UTI MF's total average AUM. The ratio of equity oriented QAAuM and non-equity oriented QAAUM is 70:30 vis-à-vis industry ratio of 60:40.

Gross Inflow mobilized through SIP for the year ended 31 March 2022 stood at Rs 5,045.5 crore. SIP AUM as of year end stood at Rs 18,311 crore, registering an increase of 31.6% as compared to 31 March 2021. Over 494 empaneled distribution partners across Mutual Fund Distributor, National Distributor and Banks, serviced through a total of 167 UFCs of which 108 are in B-30 locations.

Total live folios stood at 1.19 crore as on 31 March 2022. Digital purchase transactions rose to 93.58 lakh, recording an increase of 128% as against year ended 31 March 2021. Digital channel contributed 35% to total new purchase transactions. UTI AMC has geographical presence in 698 districts in India, amongst the highest in the industry.

UTI Asset Management Company (UTI AMC) is Investment Manager to UTI Mutual Fund.