UTI Asset Management Company Limited
ICICI Prudential Mutual Fund increased its stake in UTI Asset Management Company Limited from 1.78% to 2.35%, buying 723,626 shares. ICICI Prudential Mutual Fund has increased its holding in UTI Asset Management Company Ltd. by 0.57%.
A pioneer in India's mutual fund industry, UTI Asset Management Company provides comprehensive investment management services and raises funds for UTI Mutual Fund schemes. Registered with SEBI under the Mutual Funds Regulations, the company specializes exclusively in asset management and related investment services. It offers diversified mutual fund products across various asset classes to cater to different investor needs and risk profiles.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.