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UTI Asset Management Company Limited Investor Presentation Q3 & 9M FY2025-26 Information Classification: UTI AMC - Confidential
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A Customer Centric Global Asset Management Firm • Oldest Mutual Fund in India & a trusted household brand • First to launch Equity Mutual Fund Mastershare (now UTI Largecap Fund), Children’s Plan • Focused solely on Investment Management and related services • Presence across various business segments like Mutual Funds, Alternate Investment Funds, Pension Business and Portfolio Management Services • Well spread presence through DAs, MFDs, Banks, National Distributors and Fin-techs • Partnering with ~77,861 MFDs • Strong Penetration in B30 cities with high share • Professionally managed listed Company with no identifiable promoters • A well-constituted Strong Board, where 6 of the 10 members are independent • The Trustee Board oversees asset management activities, fund performance, internal controls and regulatory compliances to protect the interest of investors • International presence through UTI International • Offices in Singapore, London, Dubai, New York & Paris Pioneer in India ₹ 23.15 lakh crore in AUM* 698 Districts covered across India Presence across 30+ Countries Strong Governance practices *Total AUM includes QAAUM for UTI MF for Q3 FY25-26 and Closing AUM for all other businesses as of 31st December 2025. 2
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Performance Highlights 3
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Key Performance Indicators 1 Total AUM includes QAAUM for UTI MF for Q3 FY25-26 and Closing AUM for all other businesses as of 31st December 2025. 2 Core Revenue is Revenue from Sale of Services; 3 Core EBITDA and Core PAT exclude Income from Investments and Other Non-Operating Income and the effect of exceptional items and including the carry income of ₹ 14.13 crore of UTI APL as part of Core Income. @For the quarter; ˄including subsidiaries. Consolidated 9M FY26 Financial Performance Company Presence Total Revenue (1%) YoY Core Revenue2 7% YoY EBITDA (24%) YoY Core EBITDA3 (3%) YoY PAT (27%) YoY Normalised Core PAT 3 (5%) YoY 775˄ Core Sales Team 254 UTI Financial Centres (204 in B30 cities) ~77,861 Distributors 81 District Associates Offshore Locations Singapore, London, Paris, Dubai, New York Industry MF QAAUM ₹ 81,00,858 cr 18.06% YoY , 5.01% QoQ UTI MF QAAUM ₹ 3,93,809 cr 11.75% YoY, 4.07% QoQ Total Group AUM1 ₹ 23,14,828 cr 11.44% YoY, 3.25% QoQ Business Highlights Flows, Folios & Market share Market Share Total MF QAAUM 4.86% Gross Sales@ ₹ 2,27,513 cr Live Folios 1.38 cr NPS AUM 24.42% Passive AUM 12.93% 4
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Group AUM Increased by 11.44% YoY December 2024 Total ₹ 20,77,268 crore September 2025 December 2025 Total ₹ 22,41,999 crore UTI MF PMS UTI International UTI Alternatives UTI PFL 3,52,412, 16.97% 13,49,489, 64.96% 29,301, 1.41% 2,873, 0.14% 3,43,193, 16.52% 3,93,809, 17.01% 14,90,600, 64.39% 20,518, 0.89% 3,129, 0.14% 4,06,772, 17.57% Total ₹ 23,14,828 crore 5 3,78,413, 16.88% 14,48,028, 64.59% 23,647, 1.05% 2,831, 0.13% 3,89,080, 17.35% UTI Alternatives AUM includes AUM of Co-Portfolio Management Services.
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Witnessed 11.75% YoY Growth in QAAUM 1,00,931Equity Domestic MF Closing AUM (₹ cr) Domestic MF QAAUM (₹ cr) 34,896 1,80,451 37,575 37,559 3,91,412 Hybrid ETFs & Index Cash & Arbitrage Income Total 1,01,093 34,510 1,74,888 43,065 40,253 3,93,809 (₹ crore) As of 31st December 2025. Source: AMFI, Internal 11.75% YoY 5.14% 4.91% 4.86% Total MF QAAUM, Growth and Market Share 6 3,52,412 3,78,413 3,93,809 Dec '24 Sep '25 Dec '25
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Category Wise QAAUM; Passive demonstrates 17.41% YoY growth 17.41% YoY 1,48,949 1,62,443 1,74,888 Dec'24 Sep'25 Dec'25 13.54% 13.15% Index and ETFs Category wise QAAUM, Growth and Market Share All categories witnessed growth in performance on YoY basis (₹ crore) Source: AMFI, Internal 31,808 33,651 34,510 Dec'24 Sep'25 Dec'25 4.26% 4.05% Hybrid 8.49% YoY 6.87% YoY 40,296 42,721 43,065 Dec'24 Sep'25 Dec'25 4.53% 4.31% Cash & Arbitrage 34,371 40,047 40,253 Dec'24 Sep'25 Dec'25 3.24% 3.17% 17.11% YoY Income 2.84% 12.93% 4.26% 3.91% 3.11% 4.23% YoY 96,988 99,551 1,01,093 Dec'24 Sep'25 Dec'25 3.16% 2.93% Equity 7
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Trend in Net Sales Source: Internal. 58 968 3,799 3,298 2,091 10,214 247 290 4,848 2,363 (2,053) 5,695 (304) 83 6,489 (743) 334 5,859 Equity Hybrid ETFs & Index Cash & Arbitrage Income Total Q3 FY25 Q2 FY26 Q3 FY26 Quarterly Net Sales (₹ crore) 8 (3216) 2,852 15,927 8,651 3,701 27,914 300 501 14,861 3,944 1,868 21,474 Equity Hybrid ETFs & Index Cash & Arbitrage Income Total 9M FY25 9M FY26 Nine-Months Net Sales
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SIP to remain the Cornerstone for AUM Performance 97% 93%More than 10 Years More than 5 Years Monthly Gross SIP Inflow (₹ crore) Long Tenure SIP Book(1) SIP AUM Growth YOY Source: RTA Data. (1) As of 31st December 2025. (2) SIP folios with four consecutive SIP failure have been excluded. 38,366 cr 44,752 cr Dec'24 Dec'25 16.64% ₹ 6,386 cr 9 749 752 732 731 748 755 757 778 768 792 789 779 819 Dec'24 Jan'25 Feb'25 Mar'25 Apr'25 May'25 Jun'25 July'25 Aug'25 Sep'25 Oct'25 Nov'25 Dec'25
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UTI AMC – Strong Geographical Presence This map is a generalized illustration only for the ease of the reader to understand the locations, and it is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual position. The Company or any of its directors, officers or employees, c annot be held responsible for any misuse or misinterpretation of any information or design thereof. The Company does not warrant or represent any kind of connection to its accuracy or completeness As of 31st December 2025. ˄including subsidiaries. *Total Employees are 1,404 - includes 1,239 UTI MF employees and 165 employees of our subsidiaries. 254 UTI Financial Centers (UFCs) 1,404 UTI AMC Employees* 775 Core Sales Team Members ~77,861 Mutual Fund Distributors (MFDs) 81 District Associates (DAs) Rajasthan 12 Maharashtra 32 Gujarat 23 Kerala 10 J&K 1 Goa 2 Madhya Pradesh 11 Himachal Pradesh 4 Delhi 4 Haryana 11 Chandigarh 1 Andhra Pradesh 13 Telangana 5 Chhattisgarh 5 Uttar Pradesh 23 Tamil Nadu 17 Bihar 9 Uttarakhand 3 Puducherry 1 Odisha 11 West Bengal 21 Assam 6 Meghalaya 2 Tripura 1 Karnataka 14 Sikkim 1 10
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Multi-Channel Distribution Network brings Stability 7 23 70 BND MFDs Direct Dec’ 24Sep‘ 25Dec’ 25 11 55 34 BND MFDs Direct Dec’ 24 11 53 36 BND MFDs Direct Dec’ 25 Source: RTA Data. Total QAAUM Equity + Hybrid QAAUM (in %)(in %) 8 20 72 BND MFDs Direct 8 21 71 BND MFDs Direct 11 54 35 BND MFDs Direct Sep’ 25 11
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Outpacing the Industry in B30 cities Monthly AAUM - December 2025 Our established presence in B30 cities has enabled us to attract new clients, and positions us to capitalize on future growth in those underpenetrated cities Our size and distribution network, particularly in B30 cities, provides us with economies of scale, particularly in distribution, marketing, and back- office activities Our broad client base also provides us with several opportunities, including cross-selling different funds B30 AUM aids our overall margins as these are stickier in nature and offer comparatively higher margins Network of 254 branches with 204 branches located in B30 cites as of 31st December 2025 Source: AMFI, RTA Data & Internal. 20% 80% B30 T30 18% 82% B30 T30 UTI Mutual Fund Industry 12Industry Monthly AAUM is of Nov 2025
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Consolidated Statement of Profit & Loss 13 Particulars (In cr .) Q3 FY26 Q3 FY25 YoY (%) Q2 FY26 QoQ (%) 9M FY26 9M FY25 YoY (%) TotalRevenue from Operations 517 418 24% 419 23% 1483 1485 (1%) Other Income 1 2 (50%) 2 (50%) 4 9 (56%) TotalIncome 518 420 23% 421 23% 1487 1494 (1%) Finance Cost 3 3 - 3 - 10 9 11% Fee & Commission Expenses 1 1 - 1 - 3 2 50% Depreciation & Amortization Expenses 13 11 18% 12 8% 37 34 9% Employee Benefit Expense 133 113 18% 159 (16%) 421 342 23% Other Expense 81 71 14% 82 (1%) 239 209 14% TotalExpenses 231 199 16% 257 (10%) 710 596 19% Exceptional Items 109 - NA - NA 109 - NA PATfor the Owners of the Company 121 151 (20%) 113 7% 471 644 (27%) Normalised PAT 216 151 43% 113 91% 567 644 (12%) Normalised Core PAT 138 138 - 107 29% 367 387 (5%) P A TMargins 23% 36% 27% 32% 43% Total Revenuefrom Operations Q3 FY26 Q3 FY25 YoY (%) Q2 FY26 QoQ (%) 9M FY26 9M FY25 YoY (%) Sale of Services 395 375 5% 390 1% 1164 1085 7% Net Gain on fair value changes 107 29 269% 14 664% 274 360 (24%) Interest & Dividend Income 11 10 10% 11 - 34 29 17% Rental Income 4 4 - 4 - 11 11 - TotalRevenue from Operations 517 418 24% 419 23% 1483 1485 (1%) 1. Employee Benefit Expense includes one time impact of ₹ 25 crore in Q2 FY26 due to revision in Family Pension as part of the V RS settlement. 2. Exceptional Items include ₹ 85 crore towards VRS ex-gratia payment and Actuarial Impact of ₹ 16 crore towards Pension and ₹ 3 crore towards Gratuity. It also includes the impact of changes in Labour Code for ₹ 5 crore towards Gratuity. 3. Dividend of ₹ 44 crore from UTI PFL gets eliminated at consolidated level. 4. Normalised PAT & Normalised Core PAT has been calculated after excluding the impact of exceptional items and including the ca rry income of ₹ 14.13 crore of UTI APL as part of Core Income.
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Standalone Statement of Profit & Loss 14 Particulars (In cr .) Q3 FY26 Q3 FY25 YoY (%) Q2 FY26 QoQ (%) 9M FY26 9M FY25 YoY (%) TotalRevenue from Operations 423 329 29% 390 8% 1250 1132 10% Other Income 1 1 - 1 - 3 6 (50%) TotalIncome 424 330 28% 391 8% 1,253 1,138 10% Finance Cost 3 3 - 3 - 10 9 11% Fee & Commission Expenses 4 4 - 4 - 12 11 9% Depreciation & Amortization Expenses 11 10 10% 11 - 33 30 10% Employee benefit Expense 99 88 13% 135 (27%) 335 274 22% Other Expense 40 38 5% 44 (9%) 118 109 8% TotalExpenses 157 143 10% 197 (20%) 508 433 17% Exceptional Items 108 - NA - NA 108 - NA Profit After Tax (PAT) 124 142 (13%) 166 (25%) 506 530 (5%) Normalised PAT 208 142 46% 166 25% 592 530 12% Normalised Core PAT 129 125 3% 104 24% 350 338 4% P A TMargins 29% 43% 42% 40% 47% Total Revenuefrom Operations Q3 FY26 Q3 FY25 YoY (%) Q2 FY26 QoQ (%) 9M FY26 9M FY25 YoY (%) Sale of Services 322 307 5% 319 1% 950 884 7% Net Gain on fair value changes 89 10 790% 15 493% 220 213 3% Interest & Dividend Income 8 8 - 52 (85%) 68 24 183% Rental Income 4 4 - 4 - 12 11 9% Total Revenue from Operations 423 329 29% 390 8% 1250 1132 10% 1. Employee Benefit Expense includes one time impact of ₹ 25 crore in Q2 FY26 due to revision in Family Pension as part of the VRS settlement. 2. Exceptional Items include ₹ 85 crores towards VRS ex-gratia payment and Actuarial Impact of ₹ 16 crores towards Pension and ₹ 3 crores towards Gratuity. It also includes the impact of changes in Labour Code for ₹ 4 crores towards Gratuity. 3. Dividend Income includes ₹ 44 Crore of Dividend received from UTI PFL.
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Details of Consolidated Sale of Services 15 Particulars (In cr.) Q3 FY26 Q3 FY25 YoY (%) 9M FY26 9M FY25 YoY (%) MF Fees 316 299 6% 930 861 8% PMS Fees 6 8 (25%) 20 23 (13%) Sale of Services - UTI AMC Standalone 322 307 5% 950 884 7% UTI International 33 35 (6%) 100 108 (7%) UTI PFL 39 34 15% 114 100 14% UTI Alternatives 5 4 25% 15 11 36% Elimination (4) (5) (20%) (15) (18) (17%) Sale of Services - UTI AMC Consolidated 395 375 5% 1164 1085 7%
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Balance Sheet Particulars Consolidated Standalone As at 31 Dec 2025 As at 31 Mar 2025 % (+/-) As at 31 Dec 2025 As at 31 Mar 2025 % (+/-) Assets: Financial Assets 5,036 5,173 (3%) 3,667 3,711 (1%) Non-Financial Assets 503 485 4% 480 468 3% Total Assets 5,539 5,658 (2%) 4,147 4,179 (1%) Liabilities & Equity: Financial Liabilities 294 334 (12%) 215 243 (12%) Non-financial Liabilities 247 164 51% 235 150 57% Equity 4,998 5,160 (3%) 3,697 3,786 (2%) Total Liabilities & Equity 5,539 5,658 (2%) 4,147 4,179 (1%) (₹ crore) 16
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Ratio Analysis 40% 34% 44% 39% 32% FY22 FY23 FY24 FY25 9M FY26 Consolidated PAT Margin (%) 16% 12% 19% 16% 14% FY22 FY23 FY24 FY25 9M FY26 Consolidated Return on Equity (%) 17 34 17 17 31 17 14 Operating Revenue Operating Expenses Operating Margin 9M FY2025 9M FY2026 #9M FY26 figures have been annualized. ## At the Normalised PAT level, the Consolidated PAT Margin and Return on Equity are 38% and 17%, respectively. Operating Margin (bps) Dividend Payout Trend 17 21 22 47 48 61% 64% 66% 100% 94% FY21 FY22 FY23 FY24 FY25 Dividend Per Share Dividend Payout Ratio
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Breakup of Consolidated investments Breakdown of Total Investment Investment in UTI MF Schemes 2,781 Equity# 438 Hybrid 474 Liquid, Debt & Arbitrage 1,869 Offshore Funds 617 Equity 456 Debt / Hybrid 161 Venture Funds, Other Equity etc. 281 G-Sec & Bonds 307 TOTAL 3,986 As on 31st December 2025 • Total Consolidated Investment as per the Balance Sheet as on 31.12.2025 is ₹ 4,440 crore, including the investments in SDOF III • Above consolidated investment of ₹ 3,986 crore is the treasury investment of UTI Group after eliminating the consolidation effect of SDOF II & III 70% 15% 7% 8% Mutual Funds Offshore Funds Venture funds, Other equity G-Sec & Bonds Total Investments: ₹ 3,986 crore #Note : Investment in equity includes investment as per regulatory mandate. (₹ crore) 18
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Growing Online Transactions reflect Acceptance of Digital 95.02 95.11 88.89 89.52 89.04 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Quarterly Online Gross Sales (as % of Total Gross Sales) 93.58 115.84 126.54 183.23 50.97 53.83 FY22 FY23 FY24 FY25 Q3FY25 Q3FY26 53.00 49.00 33.51 41.58 44.46 45.12 FY22 FY23 FY24 FY25 Q3FY25 Q3FY26 Leveraging on Salesforce Marketing Automation & Personalization capabilities to capitalize on cross selling and upselling opportunities has helped in growth in Online Gross Sales 20% Growth In Number of Digital SIP Transactions in Q3 FY26 as compared to Q3 FY25 Strong focus on growing SIP book Digitally 45.12% of Total Gross Sales of Equity & Hybrid Funds were mobilized through Digital Platforms in Q3 FY26 Source: RTA Data. Number of Digital Purchase Transactions (in Lakhs) Sales through Digital Platforms (as a % of Equity & Hybrid MF Gross Sales) 19
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Investor Services Key Indicators for the Quarter 92.10% Non-Commercial Transactions processed in the same day 2.07 lakh Total Call Volume Outbound 0.52 lakh Total Call Volume Inbound 9 seconds Average Speed of Answer 11 Total Complaints Received Low Complaints Ratio against Folios at 0.00011.38 crore Folios 52.41% Digital Transactions done post E-KYC are SIP Instalments 18,390 Digital KYC Compliant PANs created 62.48% Non-Commercial Transactions processed in 60 Minutes ₹ 43.33 crore Digital Transaction Amount capitalized post Digital KYC Non-Commercial Transactions Contact Center Investor Services Digital Transactions (own assets) • 46% inbound Calls served via Self service IVR for Valuation, NAV, SOA, Branch Locator, etc. • Inbound Calls for product and sales support • Outbound Calls for Leads, Call-back request, Reminders etc. • Chat with Live Agent for Assistance via WhatsApp & Website • Chatbot and WhatsApp for Conversational Enquiry, Investing & Servicing 20
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UTI International Ltd. – Spreading our Wings 21 Received registration from the Securities Exchange Commission (SEC), USA and have initiated operations for the US business via a subsidiary of UTI International Ltd Data as of 31st December 2025. Assets Under Management of INR 20,518 cr (USD 2.3 bn) as of 31st December 2025 5 Office locations with 29 staff members Clients spread across 30+ countries with top 5 being Japan, Bahrain, Singapore, Switzerland, France and are primarily Institutions – Pensions, Banks, Insurance and Asset Managers Regulated by Monetary Authority of Singapore, DIFC in Dubai, ACPR in France and FCA, UK Our Indian Equity fund (IDEF) domiciled in Ireland, with an AUM of USD 943 million is being widely recognized and recommended UTI India Innovation Fund, domiciled in Ireland, has an AUM of USD 42 million SingaporeOffice Locations Dubai Paris London New York
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UTI Pension Fund Ltd. – Reaching New Heights Augmenting Pension Business 100% Subsidiary of UTI AMC Ltd PFRDA Licensed for managing Pension Funds and carrying out PoP Operations Manages 24.42% of the NPS Industry AUM as on 31st December 2025 Managing Government and non-Government NPS corpus 3,43,193 3,89,080 4,06,772 Dec'24 Sep'25 Dec'25 18.53% YoY 25.02% 24.62% UTI PFL, Growth and Market Share (₹ crore) Source: Internal. 24.42% 22
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UTI Alternatives Pvt. Ltd. – Investing across the Credit Spectrum 23 100% subsidiary of UTI AMC Ltd, mandated to manage and grow the private capital investment business 01 0304 06 05 02 PERFORMING CREDIT (ACTIVELY MANAGED) • Investing in high yield NCDs across sectors and situations • Usually hold to maturity and majority to sole subscriber of NCDs • SDOF series was started in 2017, currently in 4th series • Gross Commitments in SDOF series including COF is ₹ 2,268 crore(1) with active commitment of ₹ 1,054 crore • SDOF I was exited in Q4 FY25 and SDOF II is exited in Q3 FY26 REAL ESTATE CREDIT • Invest primarily in NCDs backed by late stage real estate projects • Investment from Real Estate Opportunities Fund I (ROF) with gross Commitments of ₹ 181 crore DISTRESS CREDIT • Special situation investments including Distress or asset backed investing in NCDs • Investing from Asset Reconstruction Opportunities Fund I (AROF) with gross commitment of ₹ 111 crore(1) CO-INVESTMENT PORTFOLIO MANAGEMENT SERVICES • Investors who hold units of any of the AIF schemes managed by UAPL are eligible for co-investments along with schemes of AIFs managed by UAPL • cPMS active AUM of ₹ 184 crore(2) MULTI STRATEGY • Investing across a diverse range of credit and structured equity opportunities • Investing from Multi Opportunities Fund I (MOF) with gross commitments of ₹ 1,599 crore(1) FUND OF FUNDS IN IFSC GIFT CITY • 3 funds approved by IFSC under UAPL branch office’s FME approval • Gross commitments of USD 200 mn(2) Active commitments under management as on 31st December 2025 of ₹ 3,129 crore (4) Track record of several profitable exits. Strong governance framework and best in class partners UTI Alternatives is also committed to Responsible Investing. UTI SDOF III & IV have a well-defined ESG policy and strategy Structure Debt Opportunities Fund IV (SDOF IV) announced its first close in October 25 Structured Debt Opportunities Fund (SDOF II) have exited all its investments and made the final distribution in Q3 FY26 at an above benchmark performance with IRR of 13.4% (3) Data as of 31st December 2025. (1) Gross commitments since inception includes 25 cr and 50 Cr from UTI AMC which is capped at 5% for AROF I and SDOF IV respectively; (2) IFSC AUM is further invested/to be inve sted in AIFs managed by UAPL; (3) XIRR of 13.4% represents Post carry returns for AIF units
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Other Subsidiaries - Financial Highlights *Formerly known as UTI Venture Fund Management Co. Ltd. Particulars UTI International Ltd UTI Pension Fund Ltd UTI Alternatives Pvt. Ltd UTI HART Financial And Investment Services Ltd 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 AUM 20,518 29,301 4,06,772 3,43,193 3,129 2,873 -- -- Sale of Service 100.3 108.3 114.4 100.4 14.8 10.9 -- -- Investment & Other Income (7.0) 90.5 11.4 10.8 17.1 5.4 0.77 (0.02) Total Income 93.3 198.8 125.8 111.2 31.9 16.3 0.77 (0.02) Employee Benefit Expenses 51.3 48.7 16.4 10 18.3 8.6 -- -- Admin & Other Expenses 73.0 66.8 54.4 42.9 7.5 5.1 0.08 0.07 Total Expenses 124.3 115.5 70.8 52.9 25.8 13.7 0.08 0.07 Profit Before Tax (31.0) 83.3 55 58.3 6.1 2.6 0.69 (0.09) Profit After Tax (30.9) 82.2 41.5 43.2 5.3 1.9 0.56 (0.10) (₹ crore) 24
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About the Company 25
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UTI AMC – Our Vision and Mission 26
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Focus is the Essence of Our Business Performance-Driven Organisation with a Purpose Drive Common Organisation Goals, Beyond Individual Goals Take Collective Ownership and Individual Accountability to reach a Collective Purpose Respect and Support Each Other Encourage Meritocracy Encourage Open Discussion and Debate Pursue Innovation and Take Calibrated Risks 27
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Our Continuous Endeavour is to Enhance our standing as a Leader in Pension and AIF Business Build and Retain Highly Competent and Motivated Investment Team across Asset Classes Further Build our Distribution Capabilities and Strengthen Existing Relationship with our Partners Embed ESG Principles across the firm to be Admirable Stewards of Client/Shareh- older Capital Build Excellent Investment Systems and Processes Execute Key Operations and Technology Driven Initiatives to improve Efficiency, Security and Agility Augment our International Presence Achieve investment performance for our investors + Returns for our shareholders in the long term 28
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Diversified Shareholding UTI AMC has no identifiable promoters State Bank of India, Bank of Baroda and Life Insurance Corporation of India hold 9.85% share capital each T. Rowe Price International Ltd. – a global investment management firm is the largest shareholder Punjab National Bank, which has no other Mutual Fund, has 15.03% holding Retail Shareholders Foreign Portfolio Investors Others Alternate Investment Funds Mutual Funds 22.69% 15.03% 9.85% 9.85% 9.85% 14.08% 9.82% 7.27% 0.28% 1.28% As of 31st December 2025. 29
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UTI AMC – Group Structure #Formerly known as UTI Retirement Solutions Ltd. UTI Asset Management Company Limited UTI International Ltd. UTI Alternatives Pvt. Ltd. UTI Pension Fund Ltd.# UTI HART Financial And Investment Services Ltd.* 100% Subsidiaries Investment Manager to UTI Mutual Fund Investment Manager to Offshore Funds PMS (includes EPFO, CMPFO and PLI Funds) *Formerly known as UTI Venture Fund Management Co. Ltd. 30
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Key Business Focus Areas Prudent Investment Management Process Geographical Spread Across the Country Growth of International, Pension & Alternate Business Attracting Right Opportunities through Partnerships Consistent Development of Human Capital Leveraging Digital Adoption 31
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Prudent Investment Management Policies Risk Monitoring Risk Measurement • Credit risk • Market Risk • Investment/Product Risk • Information Security & Cyber Risk • Operational Risk • Liquidity Risk Risk Control • Avoidance • Transfer • Mitigation • Acceptance Risk Management Cycle • Investment Committee • Digital Transformation Committee • Executive Risk Management Committee • Information Security & Cyber Security Committee • Risk Management Committee of Board • Stress Testing • Product Development Process • Risk Control Self Assessment • Control Testing • Review Mechanism Research Fund Management Execution Fund Accounting • Equity • Fixed Income • Macro Research • Head (Equity) • Head (Fixed Income) • Fund Managers • Equity Dealers • Fixed Income Dealers • Money Market Dealers • Primary Market Dealers • Accounting Valuation & Net Asset Value (NAV) • Corporate Action Follow- up & Recovery Risk and Compliance • Regular Compliance Check • Dedicated Risk Management Team • Internal & External Audit Team Risk Identification 32
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UTI AMC – Fund Management Process • Keeping investors and stakeholders well informed • In-house research team • Disciplined approach towards portfolio construction • Diverse Investment strategies - driven by investment objectives and risk framework • Comprehensive review mechanism • Inventive structure is benchmarked to industry • Experienced fund management team • Emphasis on collaboration • Constantly augmenting skills to adapt to the evolving dynamic environment Fund Management Investment Process 1 Performance Tracking & Incentives 2 Structure & Capabilities 3 Communication Plan 4 Proprietary Investment Management Processes 33
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Embedding ESG in our Investment Decisions Responsible Investment Strategy ESG Framework Sector-specific framework to understand and manage ESG risk consistently across portfolio holdings ESG Database Helps in evaluating the ESG performance of a company on an individual basis and peer benchmarking ESG Integration Process Evaluation of quantitative and qualitative ESG factors/risks that may impact a company’s long-term sustainable performance Engagements 1-on-1 Engagement with company management ESG questionnaires Material risk surveys Proxy Voting Stewardship Safeguarding Investors’ interests through monitoring and regular engagements with investee companies Integration Integrating material ESG factors into investment decision process 34
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Enabling Business Digitally 24x7 Digital Channels • Access at your convenience anytime anywhere, with Mobile App & Website- Improved UI/UX and seamless transactional journeys • Revamped website utimf.com for exploring, investing, enquiry and servicing. Website is PWA enabled, and SEO optimized • Conversational investing, enquiry & assistance through chatbot UNO & WhatsApp interface • Tech enabled, secured and 2FA compliant digital channels • Added new features such as real-time OTM registration, real- time SIP activation, SIP restart, SIP life cycle management, insta service for investment and services Personalized and Contextual Journey • Implemented Salesforce marketing automation tool and data cloud for offering personalization @scale across touch points • Offering segmented, targeted & personalized communication via email, SMS, banners & push notifications etc • Consistency in customer experience with personalized touch across platforms via preferred channels • Segmented and targeted campaigns for cross-sell based on data analytics • Re-targeting campaigns for activating existing investors and prospects • WhatsApp communication for targeted Investors Simplifying Life • Real-time one time mandate – for enabling one-click investment • Multi-scheme investing – create and invest in up to 4 schemes in-a-go with one click investment • Revamped digital KYC - paperless and contactless KYC process riding on Aadhar & DigiLocker • Quick services via SMS or Missed Call – portfolio valuation enquiry, request call back, SOA enquiry etc • ‘Quick pay’ feature launched for instant payment via pre-filled investment links for missed SIPs, failed transactions • Instant call-back for failed SIP and lumpsum transactions & abandoned cart feature launched for drop-off transactions, to re-start journey Assisted Journeys integrated • Customer service for product & investment enquiry- inbound & outbound support • Revamped contact centre operations – new dialer & updated processes. ASA of 5 secs for inbound channel • ‘Live chat with agent’ service for investors through chatbot & WhatsApp • Call-back to customers for on-demand assistance & for failed transactions - website, app, chatbot, WhatsApp • Insta invest - for one click digital investment via UTI financial centres & contact centre Building Community • Active engagement on multiple touch points across social media channels • Growing social media follower base and engagement via multiple multimedia campaigns • Content distribution across channels - infographics, blog post, videos, eBooks, GIF, surveys chatbot, FAQs etc • Market insight - UTI MF knowledge series based on virtual events • Awareness & consideration led paid marketing campaigns on search, display, OTT, video, news platforms for existing & prospective audience Partner Enablement • Paperless & digital empanelment of MFDs • Revamped UTI Buddy - office-on-the-go app and web interface for MFDs. Improved UI/UX and transactional journeys and straight through capabilities • Initiate & track transactions for investors to reduce sales cycle. Track AUM, folio and market updates • Embedded investing - API integrations with partners and aggregators • WhatsApp channel for distributors. Communication on WhatsApp also enabled as preferred channel • UTI insta pay - Insta brokerage module for commission payments on the fly 35
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Digital Client Acquisition Cycle Articles & Blogs Engage Submit a Lead Invest Now Request a Call Back Complete Aadhaar KYC or Digital KYC Use Calculator and Invest Set Goals and Invest Explore Products Invest via Mobile App Invest via Website Invest via WhatsApp Invest via Chatbot ‘UNO’ IFA/RM Assisted Sale Contact Center Assisted Sale Pre-filled investment link @ UFC Email/SMS/ WhatsApp/ notification Convert Act Reach Personalized Nudges to Investors Data Analytics led cross-sell/Up- sell SEO Search Content Marketing Social Media Platforms Affiliate Marketing Re-targeting 1 Internet Product Sections 2 Website and App Goals and Calculators Direct Investments on Digital Platforms 3 UFCs Promote Digital Assets adoption Chat with Agent Chatbot & WhatsApp 4 UNO Invest via MFU, Kfin App and other Digital Portals Remarketing via Google, Facebook, YouTube Social Listening via ORM tool Community Engagement 36
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Current Digital Ecosystem at UTI AMC Cybersecurity Data Front Office (Revenue generating & Customer facing) Customer Onboarding Channels Digital Enablers Transaction Processing Customer Servicing Customer Engagement Investment Management Middle Office (Risk & Compliance) Research & Fund Management Human Resource Robotic Process Automation Back Office (Accounting, Technology, HR, Finance) Brand Message Risk & Compliance Registrar & Transfer Agent Information Technology DTS Accounting & Operations Riding on Best-in-Class Technology and Partner Ecosystem 37
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Developing Digital Resources to be Future Ready Grow the Core New Growth Avenues Optimize Cost • Re-imagined Digitized Ecosystem and Offerings for Direct-to- Customer Segment • Digitized Ecosystem for Partners for Increased Distribution Outreach • Data First organization riding on Analytics and Personalization at Scale • Automating customer service via Tech Driven Solutions • Digitizing UFCs riding on Technology led Innovative Solutions • Remote/Distributed Operating Model for Investor and Partner Support • Digitized & Automated Operational Processes riding on Automation Tools • Superior Customer Engagement via personalized communication at all touch points 38
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UTI AMC – ESG and CSR (Sustainability) 39 • Maintained paperless systems and smart e- approvals through the ‘UTI e-Way’ platform • 100% renewable energy usage at the corporate tower, renewable energy transition at 12 branch offices (UFCs) • Use sensor-based faucets, replaced all CFLs with LEDs, and use environment-friendly R-134A refrigerant in the air-conditioning systems at our corporate office • Compost 100% of our wet waste and recycle 100% of paper and plastic waste at the corporate office • Comprehensive employee training on Ethics, Whistleblowing, AML, Cybersecurity, Prevention of Harassment, and ESG. • Workforce gender diversity at 26% female representation • Mandatory annual Diversity, Equity & Inclusion (DEI) training focused on conscious and unconscious bias • Strengthened employee volunteering through ‘UTI Cares,’ focusing on social and environmental initiatives • Continued CSR focus on education, health care and rural development • Responsible Investment: As a signatory to UNPRI, we have scored 4/5 stars under Policy Governance & Strategy, Direct Listed Equity – Active Fundamental, and Confidence building measures. Scored 3/5 stars under Direct Listed Equity – Passive Equity, Fixed Income – Corporate. We need to improve on Fixed Income – Sovereign module • Robust Risk Management Framework with regular monitoring of enterprise risks and mitigation progress. • Enhanced cyber risk management through upgraded systems (CART, ASM, BAS, Cloud, and web monitoring). GOVERNANCESOCIALENVIRONMENTAL ESG Strategy • ESG Policies • Double Materiality Assessment • ESG Risk Analysis • Reporting ESG Ratings • Crisil ESG rating: Low risk, 64.1 (1st August 2025) • SES ESG rating: Grade A (Low Risk), 80.4 (20th March 2025) • Sustainalytics rating: Medium risk, 24.7 (10th July 2025) Responsible Investment • Signatory to UNPRI since 2020 • Signatory to Climate Action 100+ • ESG scores of investee companies o SES ESG - domestic o Sustainalytics - offshore ISO/IEC 27001:2022 Certification obtained in September 2025 Information Classification: UTI AMC - Public
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UTI AMC Board of Directors - Composition 7 3 Domestic Overseas Geographical Representation 6 4 Women Director Women Directors Representation 6 3 1 Independent Directors Non-Executive Non-Independent Directors Managing Director Board Composition UTI AMC is a Professionally Managed Company 40
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UTI AMC - Board of Directors 41 Mr. Deepak Kumar Chatterjee Non-Executive Chairman & Independent Director Mr. Deepak Kumar Chatterjee is an Independent Director of the Company. Prior to joining the Company, he was associated with SBI Funds Management Private Limited as the Managing Director and Chief Executive Officer and SBI Capital Markets Limited as an Executive Vice President. He was also associated with IIFCL Projects Limited as its Chief Executive Officer and IIFCL Asset Management Company Limited as a Director. He holds a B.Sc. (Honours) degree in Physics from the University of Delhi, M.Sc. degree in Agricultural Physics from the Indian Agricultural Research Institute, New Delhi and an MBA from the University of Delhi. He is also a Certified Associate of the Indian Institute of Bankers. His appointment as an Independent Director of the Company was approved by the shareholders at the Annual General Meeting held on 25th September 2018. Ms. Linsley Carruth is Director of Investor Relations at T. Rowe Price Group, responsible for leading all stockholder engagement efforts. She is a Vice President of T. Rowe Price Group and T. Rowe Price Associates. She has worked for T. Rowe Price for over 25 years, including roles in corporate strategy, product management for the Europe, Middle East & Africa region, global distribution, and the retail direct business. Ms. Carruth earned an A.B. in government from Dartmouth College and an M.B.A. from the University of Virginia, Darden School of Business. Ms. Linsley Carruth Non-Executive Nominee Director
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UTI AMC - Board of Directors 42 Ms. Jayashree Vaidhyanathan is an Independent Director of the Company. She currently serves as a co-founder and CEO of BCT Digital, a technology company specialising in AI and Predictive Analytics. Prior to BCT, she was associated with Scope International Private Limited as Head of Technology and Strategy and served as a partner with Accenture Services Private Limited. She has also served as an Independent Director in Altran, a US $3.2 bn Global Engineering and Innovation consulting firm and Mahindra Sanyo Steel. She holds a B.E. degree in Computer Science Engineering from the University of Madras and an MBA from Cornell University. She is also a Chartered Financial Analyst from the Association for Investment Management and Research. Her re-appointment as an Independent Director of the Company was approved by the shareholders through Postal Ballot on 16th January 2025. Ms. Jayashree Vaidhyanathan Independent Director Mr. Atul Dhawan is a seasoned business leader and board advisor with over four decades of experience across professional services, corporate governance and strategic advisory. Mr. Dhawan currently serves as President of The Indus Entrepreneurs (TiE) – Delhi-NCR Chapter and as an Independent Director on the Board of Biocon Limited, one of India’s leading biopharmaceutical companies. Mr. Dhawan is a former Senior Partner from Deloitte, where he spent nearly 40 years in various leadership roles. His career has spanned audit, client service, innovation, governance, and strategy-driving value for clients and contributing to firm-wide transformation. At Deloitte, Mr. Dhawan served as Chairperson of the South Asia Coordinating Board and represented India on the firm’s Asia Pacific and Global Boards. His work shaped policy, risk frameworks and global strategy alignment. Mr. Dhawan was known for navigating multi-market dynamics and advising CXOs and boards on complex strategic matters. As Chief Strategy & Innovation Officer, he led the design and execution of Deloitte India’s strategic roadmap and its engagement with the innovation and startup ecosystem. Mr. Dhawan also served as Regional Managing Partner – North, National Leader – Client Programmes, and Head of Brand & Communications, driving growth and market presence. Beyond Deloitte, Mr. Dhawan is active in the non-profit and entrepreneurial ecosystems. Mr. Dhawan serves on the Board of Plan India, which advances gender equity and empowerment for women and girls, and mentors several startups, founders, and young professionals. Mr. Dhawan blends deep corporate experience with a passion for guiding emerging leaders. Mr. Dhawan has played a visible role in industry platforms. He was Chair of the American Chamber of Commerce in India, served on the CII National Council, and sat on the Advisory Board of the Confederation of British Industry (CBI) in India. He has also advised the U.S.-India Strategic Partnership Forum (USISPF) on cross-border initiatives and policy campaigns. A strong advocate for diversity and inclusion, Atul has mentored many professionals throughout his career and continues to contribute as a coach and advisor. He is a Chartered Accountant and Economics graduate from the University of Delhi. Mr. Atul Dhawan Independent Director
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UTI AMC - Board of Directors 43 Ms. P V Bharathi has 37 years of professional Banking experience. She started her Career as a Probationary Officer in Canara Bank in December 1982 and rose to the position of Executive Director (WTD) of the Bank in September 2016. She holds a degree in Bachelor of Science from Daulat Ram College, Delhi, followed by B. Ed from the Central Institute of Education, and completed her Master of Arts in Economics from the University of Rajasthan. In addition to these academic degrees, she is a Certified Associate of the Indian Institute of Bankers (CAIIB) and has completed advanced banking and finance programs through the Indian Institute of Banking & Finance (IIBF) and the National Institute of Bank Management (NIBM). Ms. P V Bharathi has worked in rural, semi- urban, urban and metro branches across the country. She has served in the different levels of administrative offices – Regional Office, Circle Office and at the Head Office of the Bank. These hands-on experience had helped her in the formulation of Policies, operating Procedures and smooth implementation of the same at the operational levels. Ms. P V Bharathi had also worked at the Hong Kong Branch of the Bank and handled International Operations. As Executive Director, she was responsible for monitoring of the Bank’s International Operations, conducting road shows for raising of funds from abroad and meeting the Regulators of the different countries where the Bank had its branches. As head of the Risk Management Wing, she was the Chief Risk Officer of the Bank. Was the main proponent in drawing up and implementing the blueprint for Canara Bank’s move over to Advanced Approaches in Credit risk, Market Risk and Operational Risk. Authored the Road Map for the implementation of the Enterprise – wide Integrated Risk Management Architecture for the Bank. As the MD & CEO of Corporation Bank, brought the Bank out of Prompt Corrective Action and developed strategies to build up the business of the Bank. New strategies were formed, motivated the people to bring back the lost business. After the announcement of the merger, held Town Hall Meetings jointly with Union Bank of India and Andhra Bank and paved way for the staff and the customers to have a smooth continuity of their working and business environment. Ms. P V Bharathi was a recipient of Jhansi Rani Award for Banking. She was awarded Aryabhata International Award 2017 in recognition of excellent contribution, talent and service in the field of Banking. Ms. P V Bharathi Independent Director Ms. Vishakha R M served as the Managing Director and CEO of IndiaFirst Life Insurance Company Limited, Mumbai, from March 2015 to June 2024. Her responsibilities included the strategic planning and execution of business plans, as well as the management of various stakeholders such as customers, shareholders, regulators, employees, and distributors. She holds a Bachelor of Commerce degree from St. Francis College and is a qualified Associate Chartered Accountant (ACA) and Fellow of the Insurance Institute of India (FIII). She is a Harvard Advanced Leadership Initiative Fellow, 2025. She has a career spanning 37 years in Insurance, starting as a Direct Recruit Officer in May 1987 with New India Assurance Co. Ltd. She has worked in several companies, including Birla Sun Life Insurance, IDBI Federal Life Insurance, Universal Sompo General Insurance and Canara HSBC OBC Life Insurance through her career. Ms. Vishakha R M Independent Director
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UTI AMC - Board of Directors 44 Mr. Philip Mathew have been on the Board of a Bandhan Bank Limited for 3 years and served on Board Committees, viz. NRC, Customer Service Committee, Stakeholder Relations Committee and Special Committee on Monitoring High Value Frauds. He has worked for 16 years at HDFC Bank. Prior to HDFC Bank, he has worked with SSKI Investor Services, Colgate-Palmolive India Limited, ANZ Grindlays, Marico Industries Limited & Rallis India Limited. He holds a Bachelor of Science (B.Sc.) degree in Statistics from Loyola College, Chennai, and a Master of Arts (M.A.) in Personnel Management & Industrial Relations (PM&IR). Mr. Philip Mathew Independent Director Mr. Santosh Kumar Non-Executive Nominee Director Mr. Santosh Kumar is a Non-Executive Nominee Director of the Company. He is currently working as the General Manager – Treasury Division at Punjab National Bank. He holds a B.A.(Hons), LL.B. and CAIIB. He has more than two decades of experience and carries a rich and diverse banking exposure mainly in areas of Treasury, International Banking, and as business unit head in the field. He also carries experience of working in Administrative offices like Circle Office and Head Office of the Bank. He is having hands on professional knowledge and experience in Forex and Integrated Treasury functions. He is well versed in areas such as: Dealing in Foreign Currency and Precious Metals, Derivatives, Correspondent Banking, Trade Finance, Remittances, Non-Resident accounts, Nostro / Vostro A/c. His appointment as Nominee Director of the Company was approved by the shareholders through Postal Ballot on 14th December, 2024.
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UTI AMC - Board of Directors 45 Mr. Imtaiyazur Rahman is the Managing Director & Chief Executive Officer of the Company. He has more than three decades of experience in management, business leadership, leading change and forming strategic alliances. He joined the UTI Group in 1998 as part of UTI Investor Services Ltd. and joined UTI AMC Ltd. in 2003. He was also the CFO of the Company from 2005. In his role as Group President & Chief Finance Officer, he headed the functions of Finance, Accounts, Taxation, Information Technology, Board related matters, Offshore funds, Alternate Investments and Portfolio Management Services. He is a Science graduate and Fellow member of Institute of Cost Accountants of India; and Institute of Company Secretaries of India. He holds a Certified Public Accountancy degree (USA); has attended GAMP from Indian School of Business & Kellogg School of Management and has also completed the Leadership programme - “Leading for Results” from INSEAD (France). He has been awarded ESG Competent Board’s Global Certification and Designation. He has also been conferred an Honorary doctorate degree, D.Litt, by the ITM University, Raipur. He has successfully completed programmes on “Making Corporate Boards more Effective”, “Compensation Committees-New Challenges, New Solutions” and “Audit Committees in a New Era of Governance” from the Harvard Business School. Mr. Rahman is on the Board of UTI International (Singapore), UTI Alternatives Pvt. Ltd., UTI Pension Fund Ltd. and UTI Hart Financial and Investment Services Ltd. Mr. Rahman was a Director on the Board of IndianOil Adani Ventures Ltd. He is a Member on the Board of Governors of National Institute of Securities Market (NISM), established by SEBI; and CII National Committee on Financial Markets - 2024-25. He was the Chairperson for the FICCI Task Force on ESG; CII Financial Sector Development Council; and Banking & Finance Committee of IMC Chamber of Commerce & Industry. He was on the Board of Association of Mutual Funds in India (AMFI) and is presently a permanent invitee to the AMFI Board Meetings. Mr. Imtaiyazur Rahman Managing Director & CEO Mr. Flemming Madsen Non-Executive Nominee Director Mr. Flemming Madsen is a Non-Executive Nominee Director of the Company. He was the Head of Global Financial Intermediaries at T. Rowe Price. He was a Vice President of T. Rowe Price Group, Inc., T. Rowe Price International Ltd and member of the EMEA Distribution Executive Committee. He has been associated with T. Rowe Price for 23 years. He has more than three decades of experience in the financial industry which includes Capital Markets Transactions, Investment Banking and Asset Management. His appointment as a Non- Executive Nominee Director of the Company was approved by the shareholders at the 19th Annual General Meeting held on 25th July 2022. *Mr. Flemming Madsen resigned as Non-Executive Nominee Director of the Company with effect from close of business hours on 31st December, 2025.
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UTI AMC - Trustees Mr. Suhail Nathani Ms. Mukeeta Jhaveri Ms. Mukeeta Jhaveri is an Independent Director of UTI Trustee Company Private Limited. She has completed B.A. in Economics & Political Science and B.Sc. in Finance from New York University. She has worked at DSP Financial Consultants, (now Bank of America Merrill Lynch), Mumbai as Head of Equity Sales and Vice President Capital Markets. She has considerable experience in the areas of merchant banking, capital market, equity sales and portfolio management. Having served on the board of Raymond Limited, she currently serves on the board of Taurus Trading Pvt Ltd, St. Jude India Childcare Centres and Loch Research private Limited as a Director. 46 Mr. Suhail Nathani Mr. Venkatraman Srinivasan Mr. Venkataraman Srinivasan is an Independent Director of UTI Trustee Company Private Limited and a Chartered Accountant by profession. He is engaged in Audit & Assurance practice and Direct Tax & Corporate Advisory Services since 1984, specialising in Statutory Audits of Banks, Mutual Funds and Financial Companies, Public Sector Companies, and advisory in the areas of Direct Tax, Company Law, Competition Law, the Foreign Exchange Management Act and Securities and Exchange Board of India matters. He has a work experience of over 36 years. He was a special invitee on the Accounting Standards Board of the Institute of Chartered Accountants of India (ICAI) for FY 2020-21 and was a special invitee on the Ind AS Transition Facilitation Group Committee of the ICAI for FY 2019-20. He has been Co-opted as a Member of the Expert Advisory Committee of the ICAI for FY 2021-22. He has also participated in the case study based governance programme on “Audit Committees in this New Era of Governance” at the Harvard Business School.
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UTI AMC - Trustees Mr. Suhail Na Mr. Chandra Bhan Singh Mr. Chandra Bhan Singh holds a Master's degree in Economics and MBA. He is a Former Member (Technical), NCLT and former Additional Secretary, Government of India. An Indian Economic Service officer with over 33 years of experience in economic governance, regulatory adjudication, and strategic policy-making across infrastructure, energy, shipping, and industrial sectors. Expert in corporate law (IBC, Companies Act), governance, and cross-sectoral project execution. Served as NCLT Member with above two thousand five hundred judicial orders and held board positions in major PSUs and port trusts. Current roles include part time consultant on Business strategy to M/S Rodic Consultants Private Ltd. and visiting Faculty at Indian Institute of Corporate Affairs (IICA). Mr. Suhail Nathani Mr. Srinivasan Sridhar Mr. Srinivasan Sridhar is a Chartered Accountant and a global financial services leader with 30+ years of experience across Asia, Africa, and Europe. His career spans building and scaling businesses, leading digital transformation, and shaping high-performance cultures. A former senior executive at Citigroup and India Head for Oliver Wyman, he has deep expertise in strategy, governance, risk, compliance, and innovation. Over the years, he has held influential roles as Chairman, Independent Director, and Senior Advisor across prominent organizations in banking, insurance, technology, and real estate, and he continues to partner with select institutions on strategic and governance priorities. An active angel investor and mentor to emerging entrepreneurs, he is also deeply committed to advancing education and healthcare for underserved communities. 47
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Thank You REGISTERED OFFICE: UTI Tower, 'Gn' Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Phone: 022 – 66786666. UTI Asset Management Company Limited (Investment Manager for UTI Mutual Fund) E-mail: corpcomm@uti.co.in 48