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Persistent equity net outflows
View Risks →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).
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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%.
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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.
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.
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Guidance and risk preview
Normalized employee cost for standalone entity expected at ₹90-95 crore per quarter in FY27, post VRS one-off.
Equity net flows remained negative in FY26, though moderating.
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