UTI ASSET MNGMT CO Share price

The Company was incorporated as ‘UTI Asset Management Company Private Limited’ a private limited company under the Companies Act 1956 pursuant to a certificate of incorporation dated November 14 2002 issued by the RoC. Subsequently pursuant to a special resolution approved at the Annual General Meeting on September 18 2007 the Company was converted to a public limited company and consequently the name of the Company was changed to ‘UTI Asset Management Company Limited’ and a fresh certificate of incorporation dated November 14 2007 was issued by the RoC. The predecessor Erstwhile UTI was established in 1964 by the Government of India under the UTI Act passed in 1963. In 2002 the Government of India enacted the UTI Repeal Act which repealed the UTI Act and bifurcated the Erstwhile UTI into two separate entities viz; the Specified Undertaking and the Specified Company being the Trustee Company in its capacity as a trustee of the UTI Mutual Fund which was established as a SEBI registered mutual fund with SBI LIC BOB and PNB as its sponsors. The Trustee Company functions as the sole trustee of the UTI Mutual Fund.By virtue of Section 4(1)(a) of the UTI Repeal Act the undertaking including all business assets liabilities and properties of the Erstwhile UTI representing and relatable to the Schemes specified and/or to be further specified in the Schedule II of the UTI Repeal Act were vested in the Trustee Company as a trustee of the UTI Mutual Fund while other schemes of the Erstwhile UTI were transferred to the Specified Undertaking. Pursuant to the UTI Repeal Act a Transfer Agreement dated January 15 2003 was entered between the President of India and SBI LIC BOB and PNB for the vesting of the undertaking with the Trustee Company and transfer of officers and employees of the Erstwhile UTI to the Company. Further in terms of the Investment Management Agreement dated December 9 2002 between the Company and the Trustee Company the Company was appointed to provide the services of asset manager to UTI Mutual Fund which is responsible for management of the fund and schemes of UTI Mutual Fund.Major events and milestones in relation to the Company :2002- The Company was incorporated2003- UTI Mutual Fund was registered with SEBI under the SEBI Mutual Fund Regulations- Approval for the Company to act as the asset management company to UTI Mutual Fund2004- Acquisition of schemes of IL&FS mutual fund along with its AUM by UTI Mutual Fund- Launch of Axel Portfolio Management Services2006- UTI International Singapore (Private) Limited was established as a joint venture2007- The Subsidiary was incorporated with the Company as its sponsor- UTI RSL was appointed as one of the pension fund managers by PFRDA2009- The Company was appointed as one of the two fund managers of the Postal Life Insurance corpus- UTI Mutual Fund investor folios crossed 10 million2010- Launch of the investor education initiative - Swatantra- TRP became a Shareholder in the Company2011- Incorporation of UTI Capital Private Limited2017- Launch of Alternate Investment Fund – UTI Structured Debt Opportunities Fund- Launch of Digi-invest Campaign2018- The Company’s Mutual Fund Closing AUM was the highest on September 5 2018 at Rs. 1766463.22 million2019- The Company has been appointed as one of the two Fund Managers of the EPFO corpus- UTI Retirement Solutions Limited AUM crossed Rs. 1000 billion- Amongst all SEBI licensed AMCs and their subsidiaries in India UTI AMC and its subsidiaries have the largest asset under management of Rs. 7674657.90 million as of September 30 2019 considering mutual funds (QAAUM) PMS (Month end AUM) and NPS (Month end AUM) assets (as per CRISIL)2020- The Company has been appointed as portfolio manager of ESIC fund.- The Company has been appointed to undertake functions of portfolio manager for CMPFO corpus.- The Company has been selected as portfolio manager of Post Office Life Insurance Fund and Rural Post Office Life Insurance Fund.Awards Accreditations and Recognitions :2020- Outlook Money Awards 2019 - Gold Award Winner – Pension Manager of the Year- Best of the Best Awards 2020 – India – Asia Asset Management - Best Pension Fund Manager- Best of the Best Awards 2019 – India – Asia Asset Management for Best Pension Fund Manager- Winners in the ETF Liquid Fund and Arbitrage Fund category – Nivesh Manthan Mutual Fund Samman 2019- Best Fund Over 10 Years–Equity India–Lipper Fund Awards Japan 20182019- Best Fund House: Debt–Morningstar Awards 2019- Best Performing Portfolio Manager–EPFO 2018- Best Credit Risk Fund–CNBC TV18 Mutual Fund Awards- Best of the Best Awards 2018–India–Asia Asset Management for Best Pension Fund Manager2018- Best Fund House: Debt–Morningstar Awards 2018- Winner in the Debt Fund House Category–Outlook Money Awards 2017- Best Portfolio Manager–EPFO (2017)