Mutual Fund AUM
₹3.88 lakh cr
+14.5% YoY
Total mutual fund AUM as of March 2026, up from ₹3.39 lakh cr last year.
UTIASSETMANAGEMENT
Financial Services
15 Apr 2026
UTI Asset Management Company Limited — Q4 FY26
UTI AMC reported a steady FY26 with standalone revenue of ₹1,255 crore (+6.4% YoY) and normalized PAT of ₹643 crore (flat YoY).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
UTI AMC reported a steady FY26 with standalone revenue of ₹1,255 crore (+6.4% YoY) and normalized PAT of ₹643 crore (flat YoY). EBITDA margin contracted ~125bps to 36.7% due to higher employee costs (including VRS provision) and technology investments. Mutual fund AUM grew to ₹3.88 lakh crore (+14.5% YoY), driven by passive flows and SIP growth of 13.4% YoY. Management's single-line agenda is growth, targeting faster AUM expansion to absorb fixed costs. Key risks include persistent equity net outflows (though narrowing) and global investor apathy impacting international business. Guidance for FY27 includes employee cost run-rate of ~₹95 crore/quarter (standalone) and other expense growth of ~8%.
Key Numbers
SIP Inflows (FY26)
₹9,442 cr
+13.42% YoY
Annual SIP inflows grew from ₹8,325 cr in FY25, driven by digital channels.
New Investor Adds (FY26)
7.16 lakh
N/A
New PAN-based investors added during the year, total folio base now 1.38 cr.
ETF & Index Fund AUM
₹24,897 cr
+24.86% YoY (Q4 avg)
Passive AUM growth driven by net inflows and market performance.
Management Guidance
Employee cost run-rate ~₹95 cr/quarter (standalone)
Normalized employee cost for standalone entity expected at ₹90-95 crore per quarter in FY27, post VRS one-off.
Management guidance marginsOther expenses growth ~8% (standalone), ~10% (consolidated)
Other administrative expenses expected to increase ~8% for standalone and ~10% for consolidated entity in FY27.
Management guidance marginsYield dilution of 1-2 bps in FY27
Overall yield may dilute by 1-2 basis points due to asset mix shift towards passive and low-duration products.
Management guidance revenueLaunch of 4 new passive funds in FY27
Planned launches include UTI Nifty 500 Index/ETF, UTI BSE Sector Leaders Index/ETF, UTI Nifty India New Age Consumption, and UTI Nifty India Internet Fund.
Management guidance expansionKey Risks
Persistent equity net outflows
Equity net flows remained negative in FY26, though moderating. Management aims to improve via SIP growth and product diversification.
medium · analyst_questionGlobal 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.
high · management_commentaryFund performance cyclicality
Some equity strategies (e.g., quality growth) have underperformed due to market seasonality, potentially affecting flows.
medium · management_commentaryRegulatory 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.
low · analyst_questionNotable Quotes
The single line agenda is growth. We are operating below our capacity so the simple target over the next few years is to grow faster than our peers in the top 10 of the industry.
Managing yield for the sake of managing yield is not a thing that I'm in favor of. I would rather manage revenue.
The only way to avoid the cyclicality which is otherwise inherent in this business is the fact that your flows are pro-cyclical to performance. So I would like to dial that down by making sure that we have competent silos for each of these different strategies.
Frequently Asked Questions
What was UTI Asset Management's revenue in Q4 FY26?
UTI Asset Management reported revenue of ₹390 Cr in Q4 FY26, representing a +6.36% change compared to the same quarter last year.
What guidance did UTI Asset Management management give for FY27?
Employee cost run-rate ~₹95 cr/quarter (standalone): Normalized employee cost for standalone entity expected at ₹90-95 crore per quarter in FY27, post VRS one-off. Other expenses growth ~8% (standalone), ~10% (consolidated): Other administrative expenses expected to increase ~8% for standalone and ~10% for consolidated entity in FY27. Yield dilution of 1-2 bps in FY27: Overall yield may dilute by 1-2 basis points due to asset mix shift towards passive and low-duration products. Launch of 4 new passive funds in FY27: Planned launches include UTI Nifty 500 Index/ETF, UTI BSE Sector Leaders Index/ETF, UTI Nifty India New Age Consumption, and UTI Nifty India Internet Fund.
What are the key risks for UTI Asset Management in FY27?
Key risks include Persistent equity net outflows — Equity net flows remained negative in FY26, though moderating. Management aims to improve via SIP growth and product diversification.; 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..
Did UTI Asset Management meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full UTI Asset Management Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.