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UTI AMC Q1 profit jumps more than two-fold at ₹234 crore
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₹234 crore in the June quarter of the fiscal year 2024. The company had posted a PAT of ₹92 crore in the same quarter a year ago.
The company's total revenue from operations surged 60% at ₹468 crore in the June quarter of the current fiscal as compared to ₹293 crore in the same period of the preceding fiscal, UTI AMC said. “Despite the volatility and corrections in the market, the Indian mutual fund industry continues to attract investors' interest," said Imtaiyazur Rahman, chief executive officer, UTI AMC.
UTI Mutual Fund's average assets under management were ₹2.48 lakh crore and had a market share of 5.76% in the June quarter. UTI AMC is the investment manager to UTI Mutual Fund.
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