UTI Asset Management rises as company to open 29 new Financial Centers
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UTI Asset Management Company is currently trading at Rs. 789.95, up by 0.95 points or 0.12% from its previous closing of Rs. 789.00 on the BSE.
The scrip opened at Rs. 781.25 and has touched a high and low of Rs. 798.90 and Rs. 781.25 respectively. So far 2104 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 907.00 on 19-Dec-2022 and a 52 week low of Rs. 609.50 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 798.90 and Rs. 775.75 respectively. The current market cap of the company is Rs. 10034.91 crore.
The Institutions and Non-Institutions held 65.88% and 34.12%, stake in the company respectively.
UTI Asset Management Company has significantly expanded its distribution reach with the launch of 29 new Financial Centers. These offices will be inaugurated at the same time on September 29, 2023 across all locations. This strategic move reflects UTI AMC's commitment to providing better financial services and accessibility to investors, further strengthening our presence in the financial industry across India.
The 29 new UFCs are spread across the East, North, South, and West zones. Towards Eastern India, 8 centres are being opened covering BiharSharif and Ara in Bihar, Nagaon in Assam, Puri and Angul in Odisha, Deoghar in Jharkhand, Bankura and Jalpaiguri in West Bengal. In the Northern part, UFC is being opened in Hisar in Haryana. Towards South, 9 new centres are being inaugurated spanning Anantapur and Kurnool in Andhra Pradesh, Karimnagar and Khammam in Telangana, Udupi in Karnataka, Malappuram, Palakkad, Kannur and Alappuzha in Kerala and Erode in Tamil Nadu. 10 new UFCs in Western India are being inaugurated in Korba in Chhattisgarh, Sagar and Ujjain in Madhya Pradesh, Chandrapur, Nanded, Ahmednagar, Satara, Dhule and Sangli in Maharashtra and Gandhidham in Gujarat.
UTI Asset Management Company caters to a diverse group of individual and institutional investors through a wide variety of funds and services. It manages the domestic mutual funds of UTI Mutual Fund, provide portfolio management services (PMS) to institutional clients and high net worth individuals (HNIs), and manage retirement funds, offshore funds and alternative investment funds.
