UTI AMC

Fund Manager Talk | UTI AMC’s Amit Premchandani explains why FII selling isn’t the full story for markets

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Fund Manager Talk | UTI AMC’s Amit Premchandani explains why FII selling isn’t the full story for markets

Despite foreign investors pulling money out of Indian equities, Amit Premchandani, Fund Manager (Equity) at UTI AMC, believes the market story runs deeper. He argues that valuations, earnings quality, and sectoral opportunities matter more than short-term flows, and highlights why large caps, BFSI, healthcare, and autos remain attractive bets. Edited excerpts from a chat: Sensex … Read more

Banking and finance sector holds promise for absolute positive returns: Vetri Subramaniam

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Banking and finance sector holds promise for absolute positive returns: Vetri Subramaniam

“Here the two are getting combined, so they are in a sense counterbalancing each other and as I said again, risk adjusted this is one of the factor strategies which has very strong outcomes,” says Vetri Subramaniam, CIO, UTI AMC. Volatility and momentum, I mean, are not they joined at the hip because if there … Read more

HDFC AMC’s Q2 show fuels rally in MF stocks

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HDFC AMC’s Q2 show fuels rally in MF stocks

Mumbai: Asset management companies surged up to 12% in Wednesday’s trading as strong second-quarter results by the largest listed fund house HDFC Asset Management fuelled sentiment. Aditya Birla Sun Life Asset Management Company surged 11.5% to end at ₹779, UTI AMC rose 7.6% to ₹1,326, HDFC AMC gained 5.8% to ₹4,833 and Nippon Life India … Read more

Nomura initiates coverage on these 3 AMC companies, signals upside potential up to 21%

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Nomura initiates coverage on these 3 AMC companies, signals upside potential up to 21%

Backing Asset Management Companies (AMC) in India with sustainable valuations, global brokerage firm Nomura has initiated coverage on HDFC AMC and Nippon Asset Management (NAM) with buy ratings and on UTI AMC with a neutral rating, predicting an upside potential of up to 21%. The target price for HDFC AMC has been set at Rs … Read more

Kotak Equities downgrades multibagger HDFC AMC, upgrades Aditya Birla Sun Life to Add

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Kotak Equities downgrades multibagger HDFC AMC, upgrades Aditya Birla Sun Life to Add

Shares of multibagger HDFC Asset Management Company (AMC) have been downgraded by Kotak Institutional Equities despite growth tailwinds remaining the strongest. The company’s outperformance over its peers is fully priced in at the current valuations, Kotak said in a note as it slashed the stock’s fair value to Rs 3,750, a 1.5% climbdown from Tuesday’s … Read more

AMC shares rally on Sebi’s TER call, analysts expect re-rating

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AMC shares rally on Sebi’s TER call, analysts expect re-rating

Shares of domestic mutual funds rallied up to 14% on Friday after the capital markets regulator deferred its decision to cut the total expense ratio (TER)– the fee that these asset management companies charge unitholders. The reduction in the expense ratio as proposed by the Securities and Exchange Board of India earlier, would have hit … Read more

ETMarkets Fund Manager Talk-This Rs 11,000 cr fund manager sees 5 sectors chasing smart money in near term

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ETMarkets Fund Manager Talk-This Rs 11,000 cr fund manager sees 5 sectors chasing smart money in near term

MUMBAI – UTI Asset Management is bullish on five major sectors and believes that smart money is set to chase them in the near term. The fund house is overweight on the financial services sector and has major exposure to it. “India with bank credit to GDP at less than 60% and retail credit to … Read more

ETMarkets Smart Talk: Stock market performance will be driven by earnings outlook and valuation in 2023: V Srivatsa

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ETMarkets Smart Talk: Stock market performance will be driven by earnings outlook and valuation in 2023: V Srivatsa

“Market performance will be more driven by earnings outlook and valuation depending on the growth prospects,” says V Srivatsa, Executive VP & Fund Manager – Equity, . In an interview with ETMarkets, Srivatsa said: “The budget has broadly maintained the fiscal consolidation and more importantly focussed on the infra spending which has long term multiplier … Read more

PNB jumps over 9% to hit 52-week high. What’s driving the rally?

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PNB jumps over 9% to hit 52-week high. What’s driving the rally?

Shares of state-owned () jumped over 9.5% to hit 52-week high in Friday’s trade after getting government approval to divest its entire stake in (AMC). “The exchange is hereby informed that the bank has received approval of DIPAM, Ministry of Finance, Government of India for divestment of bank’s entire/part stake in UTI Asset Management Company … Read more

Stocks in the news: Lupin, Biocon, PNB, Lauras Labs, PTC India and SJVN

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Stocks in the news: Lupin, Biocon, PNB, Lauras Labs, PTC India and SJVN

Nifty futures on the Singapore Exchange traded 52.5 points, or 0.28 per cent lower at 18,615.5, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: : The USFDA has issued 8 observations for the drug product facility and API … Read more