The core profit after tax for the fourth quarter (excluding M2M gains, income from sale of investments, and other non-operating income) was Rs 57 crore.

Profit before tax in Q4 FY23 stood at Rs 117.43 crore, up 20.6% from Rs 97.34 crore in Q4 FY22.

The gross inflow mobilized through SIP for the quarter ended stood at Rs 1,667 crore. SIP AUM as of 31 March 2023, stood at Rs 21,509 crore, a growth of 0.07% as compared to 31 December 2022.

Digital purchase transactions rose by 0.55 lakh, an increase of 1.9% as against quarter ended 31 December 2022. Digital channel contributed 39% to total new purchase transactions.

The company reported 18.1% slide in consolidated net profit to Rs 437.36 crore on 4% fall in total income to Rs 1,266.86 crore in the year ended 31 March 2023 over the year ended 31 March 2022.

UTI MF March 2023 Quarterly Average Assets under Management (QAuM) rose 6.68% to Rs 2,38,791 crore as against Rs 2,23,842 crore reported in the corresponding period last year. UTI Mutual Fund's (UTI MF's) total market share for the Q4 FY23 stood at 5.89%.

The total assets under management for UTI AMC stood at Rs 15,55,995 crore. Equity assets (active + passive) contributed 74.2% to UTI MF's total average AUM.

The ratio of equity oriented QAAUM and non-equity oriented QAAUM is 74:26 compared to the industry ratio of 67:33, during the year.

Imtaiyazur Rahman, managing director & chief executive officer, UTI Asset Management Company, said, “Our focus on offering innovative and customized solutions that cater to the diverse needs of our investors has been instrumental in our success over the years. As we continue to expand our product offerings and digital capabilities, we remain confident in our ability to create long-term value for all our stakeholders.”

Meanwhile, the board recommended a final dividend of Rs 22 per equity share for the financial year ended 31 March 2023, subject to the approval of the shareholders.

UTI Asset Management Company (UTI AMC) is the investment manager to UTI Mutual Fund. UTI AMC is registered as portfolio manager with SEBI and through its subsidiary it acts as fund manager for AIF, among others. It also has a countrywide network of branches along with a diversified distribution network.

The scrip rose 0.50% to currently trade at Rs 669.35 on the BSE.