UTI AMC is the investment manager of UTI Mutual Fund.
The stock hit a new high of Rs 994, up 79 per cent from its initial public offer issue price of Rs 554 per share
Bombay HC recently dismissed the case citing delay in filing
China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances
Several MF houses bought shares of peer UTI Asset Management Company during the March quarter
The shares of the company have gained nearly 16 per cent over its issue price of Rs 554
Investors should stay true to their asset-allocation for investing for long-term goals. They may look at accrual-oriented funds, like the low duration and short-term funds
UTI AMC has launched the country's first momentum-based passively managed fund, based on the Nifty 200 index
Sebi had in August levied the fine on the three firms for failing to reduce their stakes to below 10 per cent in UTI AMC within the stipulated timeline
JM Financials Institutional Securities recently initiated coverage on UTI AMC with a 'BUY' rating and a target price of Rs 700
Both value and dividend yield funds benefit from market downturns by investing more aggressively on such occasions
This year the Officers Association filed an interim application pleading urgent hearing of the writ petition ahead of the IPO and to implead T Rowe Price as a respondent
Mazgaon Dock is the only shipyard to have built destroyers and conventional submarines for the Indian Navy
At 10:30 AM, shares of UTI AMC were trading at Rs 522.45 apiece on the BSE.
UTI AMC IPO was subscribed 2.3 times, that is, it received bids for 6.31 crore equity shares as compared to the issue size of 2.73 crore shares
The last hugely subscribed PSU IPO was that of IRCTC last year
Likhitha Infrastructure's Rs 61-crore IPO garnered nearly three times subscription. All the three IPOs close on Wednesday
UTI AMC is the second-largest asset management company in India in terms of total assets under management (AUM).
In the primary market, three IPOs will hit the street today
Past not impressive, but healthy industry growth, wide reach, strong management and brand, and focus on high-margin products are positives