India's UTI Asset Management logs biggest daily fall in 3 months after weak Q4

UTI Asset Management

30/04/2025 10:47

** India's UTI Asset Management Company UTIA.NS falls 5%; set for biggest single-day pct losses in three months

** Co's Q4 profit drops 47% y/y, revenue slips 10%

** Motilal Oswal Financial Services says co's profit missed its estimate on lower non-operating income and higher costs

** UTIA consistently losing market share, partly due to its modest fund performance and intensifying competition: ICICI Direct Research

** Adds that fund flows and SIP run rate suggest market share loss may continue

** YTD, UTIA down 24%

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))