Persistent equity net outflows
Equity net flows remained negative in FY26, though moderating. Management aims to improve via SIP growth and product diversification.
UTIASSETMANAGEMENT / bear-case history
Track the concerns that keep returning.
UTI Asset Management · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Global investor apathy towards India
International business AUM under pressure as foreign investors pulled $40 billion from India in CY25/CY26, impacting UTI International's performance.
Fund performance cyclicality
Some equity strategies (e.g., quality growth) have underperformed due to market seasonality, potentially affecting flows.
Regulatory impact on yields
New SEBI norms reducing exit load by 5 bps and base TER rationalization may pressure yields, though management plans to pass impact to intermediaries.