UTI AMC IPO
India’s largest asset management company (AMC), UTI AMC is ready to float its IPO scrips with an issue size of 38,987,081 equity shares. UTI AMC has over 11 million live portfolios of a clientele that comprises institutional clients and high net worth individuals. Some of the noteworthy clients of UTI AMC are Employee Provident Fund Organisation, National Skill Development Fund, Postal Life Insurance, Shinsei UTI India Fund, and others.
UTI AMC IPOs will hit the market in August 2020.
UTI IPO Detail
UTI Asset management Company Limited
Issue Period: 29th September 2020 to 01st October 2020





₹20/- For Intraday, F&O, Currencies & Commodities
Company Information
UTI Asset Management Company earlier was a part of the United Trust of India, the oldest mutual funds company in India.
UTI was established in 1964 through an act passed in the Parliament. UTI AMC came into being in 2004 after US-64 collapsed in 2003. UTI was split into Specified Undertaking of the Unit Trust of India (SUUTI) and UTI AMC.
The net-value based schemes were then transferred to UTI AMC.
- UTI is the largest AMC in India with a national footprint comprising 163 branches, 320 chief agents and business development associates, and 51,000 plus trained independent financial advisors
- It has more than one crore live investors accounts with the highest volume of asset under management (AUM) for any Indian mutual fund company
- 72.7 percent of the company’s income comes from management fees
- UTI AMC has a diversified product offering with 178 domestic mutual fund schemes
- One of the key strengths of the company is its strong financial base with four major sponsors - SBI, LIC, PNB, and BOB
- Global asset management company T. Rowe Price International Ltd. is one of the major stakeholders of UTI AMC with 26 percent shares.
- If you are already a client of Angel One, apply directly for UTI Asset management Company Limited IPO, click here.
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What is an IPO?
What is UTI AMC IPO?
The subscription will begin on September 29, and the shares are proposed to be listed in BSE and NSE.
How to apply for UTI AMC IPO with Angel One?
If you are a new investor, you would need to open a DEMAT account first to receive the shares in it. To open a DEMAT, click here.
When will the subscription for UTI AMC IPO start?
What will be the lot size for the IPO?
How can I apply for UTI AMC IPO?
How to pay for UTI AMC IPO using UPI?
In case you face a technical error during payment, you can re-initiate the process by approaching your bank or broker.
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