Mutual Fund AUM Growth - UTI AMC - Angel Broking

Mr. Jaikishan Parmar - Sr. Equity Research Analyst, Angel Broking Ltd

"AUM of listed asset management companies MoM has declined. AUM of HDFC AMD declined by 4%, for Nippon reduced by 2%, and for UTI AMC dipped by 1.9%. Mutual fund industry AUM declined by 2.3%. UTI AMC got listed on Monday below IPO price. As Per latest AUM UTI AMC is trading at 4.3 % of latest AUM, Nippon at 8.3%, and HDFC AMC at 13.5%. As a percentage to AUM UTI AMC is trading at a lower valuation and not much declined AUM would be positive for stock price movement."

Source : Equity Bulls

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