Uti Asset Management Co. Ltd. · NSE:UTIAMC
Uti Asset Management — Q2 & H1 FY2024-25 Earnings Presentation
48 slides from Uti Asset Management's earnings presentation, Oct 26, 2024
Slide 1: Exchange filing letter: investor presentation and press release
UTI Asset Management Company Limited UTI Mutual Fund Ref. No.: UTI/AMC/CS/SE/2024-25/0477 Date: 25th October, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza Plot No. C/1 Phiroze Jeejeebhoy Towers G Block Bandra – Kurla Complex Dalal Street Bandra East Mumbai – 400 051. Mumb
Slide 2: Investor Presentation Q2 & H1 FY2024-25
UTI Asset Management Company Limited Investor Presentation Q2 & H1 FY2024-25 Information Classification: UTI AMC - Private
Slide 3: A Customer Centric Global Asset Management Firm
A Customer Centric Global Asset Management Firm UTI Mutual Fund Pioneer in India ₹ 20.16 lakh crore in 700 Districts covered Presence across 40+ Strong Governance AUM* across India Countries practices • Oldest Mutual Fund in • Focused solely on • Well spread presence • International • Professionally
Slide 4: Performance Highlights
Information Classification: UTI AMC - Confidential UTI Mutual Fund Performance Highlights 3 Information Classification: UTI AMC - Private
Slide 5: Key Performance Indicators
Key Performance Indicators • r!ffl UTI Mutual Fund Flows, Folios & Consolidated H1FY25 Company Presence Business Highlights Market share Financial Performance Market Share Revenue 22% YoY 684 Core Sales Team Total Group AUM* Total MF QAAUM ₹ 20,16,416 cr 5.17% Core Revenue# 19.36% YoY, 4.15% QoQ 190
Slide 6: Group AUM Increased by ~20% YoY
Group AUM Increased by ~20% YoY • mH~ UTI Mutual Fund September 2023 June 2024 September 2024 2,69,527, 15.95% 2,66,813, 3,17,657, 3,35,930, 3,10,697, 3,42,549, 1,799, 15.79% 16.41% 16.66% 16.05% 16.99% 0.11% 2,796, 0.14% 2,856, 0.14% 24,207, 1.43% 27,714, 1.43% 29,814, 1.48% 12,77,243, 13,05,267, 1
Slide 7: Witnessed 28% YoY Growth in QAAUM
Witnessed 28% YoY Growth in QAAUM • r!ffl"' UTI Mutual Fund Domestic MF Closing Domestic MF QAAUM Total MF QAAUM, Growth AUM (₹) (₹) and Market Share 28.39% YoY Equity 1,02,378 cr 98,638 cr 3,42,549 Hybrid 32,018 cr 30,356 cr 3,10,697 2,66,813 ETFs & Index 1,54,030 cr 1,45,135 cr Cash & Arbitrage 31
Slide 8: Category Wise QAAUM; Passive demonstrates ~47% YoY growth
Category Wise QAAUM; Passive demonstrates ~47% YoY growth UTI Mutual Fund (₹ crore) 25.99% YoY 31.77% YoY Category wise QAAUM, 98,638 78,291 88,606 Growth and Market Share 27,397 30,356 23,038 Hybrid Equity 3 categories have shown >25% growth YoY Sep'23 Jun'24 Sep'24 Sep'23 Jun'24 Sep'24 4.20% 3.45%
Slide 9: Trend in Net Sales
Trend in Net Sales (Quarterly Net Sales for ETF & Index Funds witnessed Steady Growth) r!ffl"' UTI Mutual Fund Quarterly Net Sales 14,173 7,657 6,106 6,022 Q2 FY24 - ■ --- --- -· · 3,527 1,885 2,364 857 1,761 Q1 FY25 631 1,253 -- ■ ■ Q2 FY25 -2,135 -1,982 -1,293 -2,303 -151 ■ -3,747 -6,718 Equity Hy
Slide 10: SIP to remain the Cornerstone for AUM Performance
SIP to remain the Cornerstone for AUM Performance UTI Mutual Fund Long Tenure SIP Book(1) Monthly Gross SIP Inflow (₹ crore) 679 707 672 607 618 624 More than ,an 565 572 593 590 590 544 558 10 Years s 91% More than han 5 Years 96% Sep'23 Oct'23 Nov'23 Dec'23 Jan'24 Feb'24 Mar'24 Apr'24 May'24 Jun'2
Slide 11: UTI AMC – Strong Geographical Presence
UTI AMC – Strong Geographical Presence UTI Mutual Fund • UTI Financial J&K 190 Centers (UFCs) a a 1 Chandigarh Himachal 1 Pradesh 1 Uttarakhand 3 Delhi UTI AMC Haryana 6 5 1,435 Employees* Uttar Pradesh Assam Rajasthan 15 5 10 Bihar 7 Meghalaya 1 Core Sales Team Gujarat Madhya Pradesh Jharlchand 5 W
Slide 12: Multi-Channel Distribution Network brings Stability
Multi-Channel Distribution Network brings Stability UTI Mutual Fund Total QAAUM Equity + Hybrid QAAUM (in %) (in %) Direct 32 Direct 68 Sep ’23 Sep ’23 MFDs 57 - MFDs 26 BND Direct - 6 69 BND Direct 11 33 Jun ’24 Jun ‘24 MFDs 56 - MFDs 23 BND Direct - 8 69 BND Direct 11 33 Sep ’24 Sep ’24 MFDs 23 MF
Slide 13: Outpacing the Industry in B30 cities
Outpacing the Industry in B30 cities • l!m·~ UTI Mutual Fund Monthly AAUM - September 2024 UTI Mutual Fund 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 T30 79% Network of 190 branches wit
Slide 14: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss r!!H UTI Mutual Fund Particulars (In cr.) Q2 FY25 Q2 FY24 YoY (%) Q1 FY25 QoQ (%) H1 FY25 H1 FY24 YoY (%) Total Revenue from Operations 538 404 33% 529 2% 1068 872 22% Other Income 2 2 - 5 (60%) 6 2 200% Total Income 540 406 33% 534 1% 1074 874 23% Fee & Commi
Slide 15: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss • r!ffl UTI Mutual Fund Particulars (In cr.) Q2 FY25 Q2 FY24 YoY (%) Q1 FY25 QoQ (%) H1 FY25 H1 FY24 YoY (%) Total Revenue from Operations 417 312 34% 387 8% 803 664 21% Other Income 1 - NA 3 (67%) 5 - NA Total Income 418 312 34% 390 7% 808 664 22% Fee & Commiss
Slide 16: Details of Consolidated Sale of Services
Details of Consolidated Sale of Services UTI Mutual Fund Particulars (In cr.) Q2 FY25 Q2 FY24 YoY (%) H1 FY25 H1 FY24 YoY (%) MF Fees 298 224 33% 562 444 27% PMS Fees 7 7 - 15 13 15% SUUTI Support Service Fees (1) 1 (200%) - 3 (100%) POP Fees & others - 1 (100%) - 1 (100%) Sale of Services - UTI AMC
Slide 17: Balance Sheet
Balance Sheet UTI Mutual Fund (₹ crore) Particulars Consolidated Standalone As at 30 Sep As at 31 Mar As at 30 Sep As at 31 Mar % (+/-) % (+/-) 2024 2024 2024 2024 Assets: Financial Assets 4,959 4,850 2% 3,414 3,515 (3%) Non-Financial Assets 452 491 (8%) 437 466 (6%) Total Assets 5,411 5,341 1% 3,85
Slide 18: Ratio Analysis
Ratio Analysis • mH~ UTI Mutual Fund 37 34 36 33 23 21 22 14 13 17 14 16 Operating Operating Operating Operating Operating Operating Revenue Expenses Margin Revenue Expenses Margin ■ FY23 ■ FY24 ■ H1 FY2024 ■ H1 FY2025 Consolidated PAT Margin (%) Consolidated Return on Equity (%) 23% 19% 44% 46% 42%
Slide 19: Breakup of Consolidated Investments
Breakup of Consolidated investments UTI Mutual Fund As on 30th September 2024. (₹ crore) Breakdown of Total Breakdown Total Investment Investment in UTI MF Schemes 2,457 Equity# 357 Hybrid 440 8% Liquid, Debt & Arbitrage 1,660 10% Offshore Funds 682 Total Equity 511 Investments: Debt / Hybrid 171 18
Slide 20: Growing Online Transactions reflect Acceptance of Digital
Growing Online Transactions reflect Acceptance of Digital UTI Mutual Fund Quarterly Online Gross Sales Number of Digital Purchase Sales through Digital Platforms (as % of Total Gross Sales) Transactions (in Lakhs) (as a % of Equity & Hybrid MF Gross Sales) 96.40% 95.31% 126.54 53.00 94.80% 94.50% 94
Slide 21: Investor Services Key Indicators for the Quarter
Investor Services Key Indicators for the Quarter 1.67 lakh 0.69 lakh 5 seconds 0.2 lakh Total Call Volume Total Call Volume Average Speed of Live Chats Outbound Inbound Answer offered • Self service IVR for NAV, SOA, Branch Locator etc. • Chat with Live Agent for Assistance Contact Center • Inbound
Slide 22: UTI International Ltd. – Exploring New Destinations
UTI International Ltd. – Exploring New Destinations Our Indian Equity fund (IDEF) domiciled in Ireland, with an AUM of USD 1136.30 Assets Under Management of ₹ 29,814 million is being widely recognized and recommended crore as of 30th September 2024 Received registration from the Securities Exchange
Slide 23: UTI Pension Fund Ltd. – Reaching New Heights
UTI Pension Fund Ltd. – Reaching New Heights UTI Mutual Fund UTI PFL, Growth and Market Share PFRDA Licensed for Manages 25.12% of the NPS Industry AUM as 24.64% YoY managing Pension Funds on 30th September 2024 3,35,930 3,17,657 2,69,527 Managing 100% Government and Subsidiary non-Government of UTI
Slide 24: UTI Alternatives Pvt. Ltd. – Alternative Investing across the Credit Spectrum
UTI Alternatives Pvt. Ltd. – Alternative Investing across the Credit Spectrum UTI Mutual Fund PERFORMING CREDIT (PASSIVELY 100% subsidiary of UTI AMC Ltd, mandated to FUND OF FUNDS IN IFSC GIFT MANAGED) manage and grow the private capital CITY • Primarily invest in investment grade NCDs investment b
Slide 25: Other Subsidiaries - Financial Highlights
Other Subsidiaries - Financial Highlights r!ffl"' UTI Mutual Fund (₹ crore) UTI HART Financial And Particulars UTI International Ltd UTI Pension Fund Ltd* UTI Alternatives Pvt. Ltd Investment Services Ltd# H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 AUM 29,814 24,207 3,35,930 2,6
Slide 26: About the Company
Information Classification: UTI AMC - Confidential UTI Mutual Fund About the Company 25 Information Classification: UTI AMC - Private
Slide 27: UTI AMC – Our Vision and Mission
UTI AMC – Our Vision and Mission • l!ffl UTI Mutual Fund ~ To be The MOST A PREFERRED W The Most Trusted Brand, admired by all stakeholders Asset Manager •, : Asset Manager with a ' " 1 Diverse Suite of Products & Global Presence Enable our Customers to Achieve Their Financial Goals Employer of Firs
Slide 28: Focus is the Essence of Our Business
Focus is the Essence of Our Business UTI Mutual Fund Performance-Driven Organisation with a Purpose Drive Common Take Collective Respect and Support Encourage Encourage Open Pursue Innovation Organisation Ownership and Each Other Meritocracy Discussion and Take Goals, Individual and Debate Calibrate
Slide 29: Our Continuous Endeavour
Our Continuous Endeavour is to Further Build Execute Key Build and Embed ESG our Operations and Retain Highly Principles Distribution Enhance our Technology Competent across the firm Build Excellent Capabilities standing as a Driven Augment our and to be Investment and Strengthen Leader in Initiativ
Slide 30: Diversified Shareholding
Diversified Shareholding 0.21% 0.23% UTI AMC .l has no identifiable promoters 7.20% 22.87% 10.68% State Bank of India, Bank of Baroda and Life State Insurance Insur Corporation of India hold 9.93% share 13.89% capital capit each 15.16% 9.93% T. Rowe R Price International Ltd. – a global 9.93% 9.93%
Slide 31: UTI AMC – Group Structure
UTI AMC – Group Structure UTI Mutual Fund Investment Manager to UTI Mutual Fund UTI Asset Management Investment Manager to Offshore Funds Company Limited PMS (includes EPFO, CMPFO and 100% Subsidiaries PLI Funds) UTI HART Financial UTI International UTI Alternatives UTI Pension Fund And Investment L
Slide 32: Key Business Focus Areas
Key Business Focus Areas Growth of Consistent Geographical Development of International, Spread Across Human Capital Pension & the Country Alternate Business tlo -- --- - - Attracting Right Prudent Opportunities Leveraging Investment through Digital Management Partnerships Adoption Process
Slide 33: Prudent Investment Management Policies
Prudent Investment Management Policies UTI Mutual Fund Risk Monitoring Risk Identification • Investment Committee • Stress Testing • Digital Transformation Committee • Product Development • Executive Risk Management Process Committee • Risk Control Self • Information Security Assessment & Cyber Secu
Slide 34: UTI AMC – Fund Management Process
UTI AMC – Fund Management Process UTI Mutual Fund 1 • In-house research team • Disciplined approach towards portfolio construction • Diverse Investment strategies - driven by investment objectives and risk framework Proprietary Investment Investment Management Processes Process ll!ffl 4 2 • Keeping
Slide 35: Responsible Investment Strategy
Embedding ESG in our Investment Decisions UTI Mutual Fund Sector-specific framework to understand and manage ESG ESG Framework risk consistently across portfolio holdings Integration Responsible Investment Strategy Helps in evaluating the ESG performance of a company on an Integrating material ESG E
Slide 36: Enabling Business Digitally
Enabling Business Digitally • l!nl~ UTI Mutual Fund 24x7 Digital Channels Assisted Journeys integrated Building Community • Access at your convenience anytime anywhere, with Mobile App & Transaction portal- Improved UI/UX and seamless • Customer service for Product & Investment enquiry- • Active eng
Slide 37: Digital Client Acquisition Cycle
Digital Client Acquisition Cycle l!!H" UTI Mutual Fund Reach ----------► Act ------> Convert ----------> Engage Submit a Lead Invest via Mobile App ch Search Remarketing • SEO •"' •1 . --- Social IMedia Platforms Pl Invest Now Invest via Website Email/SMS/I WhatsApp/ ltSApp/ via Google, Facebook, Yo
Slide 38: Current Digital Ecosystem at UTI AMC
Current Digital Ecosystem at UTI AMC • l!rn· UTI Mutual Fund Riding on Best-in-Class Technology and Partner Ecosystem Front Office Middle Office Back Office (Revenue generating & Customer facing) (Risk & Compliance) (Accounting, Technology, HR, Finance) Research & Brand Message I> Investment Risk &
Slide 39: Developing Digital Resources to be Future Ready
Developing Digital Resources to be Future Ready UTI Mutual Fund • Tapping Emerging Segments • Driving Digital Partnerships & Sales via Paid & Organic Mediums Grow New Optimize • Identified Focus Areas & the Growth Roadmap Cost • Digitizing Operations to Reduce Cost Core Avenues • Enabling Sales Forc
Slide 40: UTI AMC – Sustainability
UTI AMC – Sustainability UTI Mutual Fund • UTI AMC has incorporated ESG Strategy within its business operations and considering the same, the ESG rating agencies have started evaluating the Company. The ESG Rating Agency “Sustainalytics” has progressed our score from ‘High Risk’ to ‘Medium Risk’ (fr
Slide 41: UTI AMC is a professionally managed company
UTI AMC Board of Directors - Composition UTI Mutual Fund UTI AMC is a professionally managed company Geographical Board Women Directors Representation Composition Representation 1 2 3 3 6 7 8 ■ Domestic ■ Overseas Independent Directors ■ Women Director ■ ■ Non-Executive Non-Independent Directors ■ M
Slide 42: UTI AMC - Board of Directors
UTI AMC - Board of Directors UTI Mutual Fund Mr. Dinesh Kumar Mehrotra Mr. Flemming Madsen Mr. Narasimhan Seshadri Mr. Deepak Kumar Chatterjee Non-Executive Chairman & Independent Non-Executive Nominee Director Independent Director Independent Director Director Mr. Flemming Madsen is a Non-Executive
Slide 43: UTI AMC - Board of Directors
UTI AMC - Board of Directors • r!ffl UTI Mutual Fund Mr. Rajeev Kakar Ms. Dipali Sheth Ms. Jayashree Vaidhyanathan Mr. Kiran Kumar Tarania Independent Director Independent Director Independent Director Non-Executive Nominee Director* Mr. Rajeev Kakar is an Independent Director of the Company. He cur
Slide 44: UTI AMC - Board of Directors
UTI AMC - Board of Directors • r!ffl UTI Mutual Fund Mr. Srivatsa Desikamani Mr. Santosh Kumar Mr. Imtaiyazur Rahman Non-Executive Nominee Director Additional Director (Non-Executive Nominee Managing Director & CEO Category) Mr. Srivatsa Desikamani is a Non - Executive Nominee Director of the Compan
Slide 45: UTI AMC - Trustees
UTI AMC - Trustees UTI Mutual Fund Mr. Suhail Nathani Mr. Suhail Nathani Mr. Suhail Nathani is Independent Director of UTI Trustee Company Private Limited. He has completed M.A. in Law from Cambridge University and LLM from Duke University. He is also the Co-Founder and Partner of the ‘Economic Laws
Slide 46: Thank You
Information Classification: UTI AMC - Confidential REGISTERED OFFICE: UTI Tower, 'Gn' Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Thank You Phone: 022 – 66786666. UTI Asset Management Company Limited (Investment Manager for UTI Mutual Fund) E-mail: [email protected] 45 Mutual Fund Inves
Slide 47: Press Release: Consolidated Net Profit ₹239 crore for quarter
R PRESS RELEASE - - - - - - - UTI Mutual Fund UTI Asset Management Company Limited Consolidated Net Profit stands at ₹ 239 crore for the quarter ended September 30, 2024; up by 31% YoY Business Highlights for Q2 FY2024-25 • The total group AUM for UTI Asset Management Company stood at ₹ 20,16,416 cro
Slide 48: Press Release: H1 FY25 results (continued)
R PRESS RELEASE - - - - - - - UTI Mutual Fund The core revenue from opera0ons for H1FY25 consis0ng en0rely of sale of services amounted to ₹ 710 crore, up by 24% YoY. • Profit before tax for the H1FY25 was at ₹ 677 crore, up by 33% YoY. Core Profit before tax was ₹ 313 crore for H1 FY25, up by 50% YoY
Uti Asset Management — Q2 & H1 FY2024-25 Earnings Presentation on 6ix