Financial Performance
UTI Asset Management Company Limited reported consolidated net profit of ₹404.12 crore for FY26, representing a significant 44.75% decline from ₹731.49 crore in FY25. This was primarily driven by ₹108.54 crore in exceptional costs related to the Voluntary Retirement Scheme (VRS 2025) impacting 184 employees and provisions for new Labour Codes effective November 2025. Total income decreased 7.84% to ₹1,714.05 crore, with operating profit margin contracting to 38.04% from 44.11% in the previous year.
Assets Under Management & Operational Metrics
Despite the profit decline, the company demonstrated strong operational performance with Group AUM growing 11% YoY to ₹23.42 lakh crore. Domestic mutual fund QAAUM reached ₹3.88 lakh crore, up 14.34%, while passive funds grew 24.86%. The pension fund business maintained 24.36% NPS market share with AUM of ₹4.01 lakh crore. Digital initiatives showed robust progress with 43.87% of equity/hybrid sales through digital platforms and 216.75 lakh digital purchase transactions.
Dividend & Corporate Actions
The Board recommended a final dividend of ₹40 per equity share (400% of face value), representing a 95% payout ratio of PAT. The 23rd Annual General Meeting is scheduled for July 21, 2026 via video conference to approve financial statements, dividend declaration, reappointment of Mr. Santosh Kumar as Non-Executive Director, and reappointment of B S R & Co. LLP as statutory auditors for a second five-year term. Book closure for dividend eligibility is set for July 15-21, 2026.
Corporate Governance & Leadership Changes
The company underwent significant leadership transitions with Mr. Vetri Subramaniam appointed as MD & CEO effective February 1, 2026, succeeding Mr. Imtaiyazur Rahman. Four new Independent Directors were appointed in October 2025, and the Board comprised 9 directors with 4 women directors. The company maintained robust compliance with SEBI regulations and Companies Act requirements, with 17 Board meetings held during the year.
ESG & Sustainability Initiatives
UTI AMC demonstrated progress in sustainability with renewable energy consumption increasing to 6,312 GJ (45% of total consumption), avoiding approximately 332 tCO2e emissions. Women represented 26% of the 1,435-strong workforce, and CSR programs impacted over 6,000 lives across education, healthcare, and rural development. The company obtained ISO/IEC 27001 certification and conducted comprehensive ESG risk analysis.
Subsidiary Performance & Investments
Key subsidiaries included UTI Pension Fund Limited (AUM ₹4,01,520 crore), UTI International Limited (AUM ₹16,467 crore), and UTI Alternatives Private Limited (AUM ₹3,642 crore). The company held total investments of ₹3,504.63 crore, primarily in mutual funds (₹2,777.02 crore) and government securities. Contingent liabilities stood at ₹9.89 crore, including disputed tax demands of ₹7.54 crore.
Shareholder Structure & Remuneration
Top shareholders included T. Rowe Price International Ltd (22.69%), Punjab National Bank (15.03%), Bank of Baroda (9.85%), and Life Insurance Corporation of India (9.85%). Key management personnel remuneration totaled ₹23.92 crore, including short-term benefits of ₹17.39 crore and share-based payments of ₹2.36 crore. The company maintained 99.99% of share capital in dematerialized form.