Key Financial Figures

Q2 FY27 Standalone Performance:

  • Core income (sale of service): Rs. 324 crores, up 2% YoY and 5% QoQ
  • Core profit after tax: Rs. 136 crores, up 31% YoY and 14% QoQ
  • Profit after tax: Rs. 143 crores, down 14% YoY and 34% QoQ

Q2 FY27 Consolidated Performance:

  • Core income (sale of service): Rs. 398 crores, up 2% YoY and 5% QoQ
  • Core profit after tax: Rs. 131 crores, up 22% YoY and 2% QoQ
  • Profit after tax: Rs. 132 crores, up 17% YoY and down 55% QoQ

H1 FY27 Standalone Performance:

  • Core income: Rs. 632 crores, up 1% YoY
  • Core profit after tax: Rs. 253 crores, up 14% YoY
  • Profit after tax: Rs. 361 crores, down 5% YoY

H1 FY27 Consolidated Performance:

  • Core income: Rs. 777 crores, up 1% YoY
  • Core profit after tax: Rs. 263 crores, up 15% YoY
  • Profit after tax: Rs. 426 crores, up 22% YoY

AUM Performance and Metrics

Mutual Fund Business:

  • Quarterly average AUM for Q2 FY27: Rs. 4.02 lakh crores (vs Rs. 3.93 lakh crores in Q1 FY27)
  • Market share: 4.61%
  • Total group AUM: Rs. 16.28 lakh crores as of September 30, 2026
  • Equity-oriented assets: 72% of average mutual fund AUM (vs 70% previous quarter)
  • SIP AUM: Rs. 45,572 crores as of September 30, 2026 (broadly stable vs Rs. 45,595 crores in June 2026)
  • Combined monthly SIP and STP inflows: Rs. 982 crores in September 2026
  • Gross SIP inflows: Rs. 2,583 crores in Q2 FY27; Rs. 5,085 crores in H1 FY27
  • New SIP registrations: 5.96 lakh in Q2 FY27 (87% sourced through digital channels)
  • Live folio base: 1.47 crores
  • New investors added: 3.6 lakh in Q2 FY27; 6.12 lakh in H1 FY27
  • UTI Mutual Fund's share of industry new SIP registration: 4.08% in Q2 FY27
  • Net sales: Rs. 5,720 crores for the quarter

Segment-wise Yields:

  • Equity and hybrid funds: 73-74 basis points
  • ETF and index funds: 8 basis points
  • Cash and arbitrage: 11 basis points
  • Fixed income funds: 20-21 basis points
  • Weighted average yield: approximately 31 basis points

Subsidiary Performance

UTI Pension Fund Limited (100% subsidiary):

  • AUM: Rs. 4.32 lakh crores as of September 30, 2026 (up 10.97% YoY from Rs. 3.89 lakh crores)
  • Market share: 24.01% of NPS industry AUM

UTI International:

  • AUM: USD 1.67 billion (approximately Rs. 16,063 crores) as of September 30, 2026
  • Clients spread across more than 30 countries (institutions, pensions, insurance companies, banks, asset managers)
  • Exploring strategic partnership opportunities in East Asia and Latin America

UTI Alternatives:

  • AUM: Rs. 4,045 crores (up 52% YoY from Rs. 2,669 crores)
  • Manages six active domestic funds across performing credit and multi-strategy themes, plus two GIFT City feeder funds
  • UTI SDOF IV crossed Rs. 1,000 crores milestone (planned as Rs. 1,500 crores fund with greenshoe option of Rs. 500 crores)
  • Current AUM of SDOF IV: Rs. 1,131 crores (in raising and investing stage)
  • UTI Multi-Opportunity Fund I AUM: approximately Rs. 1,599 crores (in investing stage)
  • UTI Multi-Opportunity Fund II total commitment: Rs. 359 crores (in raising and investing stage)
  • UTI SDOF III AUM: Rs. 533.6 crores (in repayment stage)

Strategic Initiatives and Business Updates

Product Development:

  • Launched UTI Balanced Hybrid Fund and four passive products linked to Nifty 500 and BSE India Sector Leaders indices
  • Received SEBI approval for Specialised Investment Fund (SIF) initiative
  • Planning to launch UTI Classif Hybrid Long Short Fund in Q3 FY27
  • UTI International planning two new fund launches by end of Q3 or Q4 FY27

Investment Performance:

  • Equity research coverage expanded to 480 companies in H1 FY27
  • Evaluated 36 IPOs, participated in 6
  • 51% of equity and hybrid funds ranked in quartile 1 or 2 on 3-month basis as of September 2026
  • 97% of fixed income AUM (including liquid funds) in top two quartiles over 3-month period
  • 61% of fixed income AUM in top two quartiles over 1-year period

Distribution and Digital:

  • 80.30% of mutual fund AUM contributed by top 30 cities; B30 accounted for 19.7%
  • Onboarded ten new Fintech partners
  • Fintech partners facilitated approximately 1 lakh transactions in Q2 FY27
  • Fintech partners contributed 67% of new investor acquisitions

Operational Efficiency:

  • Process optimization generated approximately Rs. 4.22 crores in savings
  • Employee cost guidance: Rs. 95 crores per quarter (standalone), Rs. 130 crores per quarter (consolidated)
  • 10,690 training hours delivered to sales team up to September 2026

Q&A Session Key Takeaways

Flow Performance:

  • Net equity outflows primarily from Flexi-Cap fund, though performance has improved to first quartile recently
  • Outflows coming from banks, national distributors, and to smaller extent from MFDs and direct channels
  • SIP closure rate around 70% (better than industry average of 80%)
  • Average SIP ticket size: approximately Rs. 3,100

Capital Allocation:

  • Board maintains policy of distributing 90-95% of profit as dividend
  • No plans for special dividend distribution; cash required for operations and growth

Distribution Strategy:

  • Continued focus on YOUnited program for distributor outreach
  • 255 branches across country focused on sales and distributor engagement

Future Outlook:

  • Focus on improving participation in industry flows, strengthening SIP franchise, deepening distribution productivity
  • Maintain competitive investment capabilities and build operational efficiency
  • Mission 2031 provides strategic direction for sustained growth