UTI Asset Management Company Limited reported its Q2 and H1 FY26 earnings, highlighting an 11% AUM growth to ₹22.42 lakh crore. The Board has appointed Vetri Subramaniam as the incoming MD and CEO, effective February 1, 2026. The company saw strong retail investor participation, focusing on B30 cities and digital adoption. Core PAT for the quarter stood at ₹107 crores, with a 6.2% market share of industry gross sales.
Leadership Transition Announced
The Board has unanimously decided to appoint Vetri Subramaniam as the incoming MD and CEO of UTI AMC with effects from February 1st, 2026. Current MD and CEO, Imtaiyazur Rahman, will serve as Strategic Advisor to the MD CEO from February 1st, 2026 to June 12th, 2026.
AUM and Financial Performance
UTI Group’s total AUM stood at ₹22.42 lakh crore as of September 30th, 2025, an 11% growth. Mutual fund AUM reached ₹3.78 lakh crore. The company’s folio count stands at 1.36 crores. Active equity plus hybrid quarterly average AUM stood at ₹1,33,202 crores. ETF and index fund quarterly average AUM stood at ₹1,62,443 crores, up by 4.75%. SIP AUM witnessed a growth of 5.98%, reaching ₹42,267 crores.
Key Financials (Consolidated)
The core income stood at ₹390 crores, up by 5% year-on-year. Consolidated core PAT for the quarter is ₹107 crores. Normalized consolidated core PAT is ₹127 crores, down by 5% year-on-year. For the half year, the consolidated core PAT was ₹228 crores. Normalized consolidated core PAT, excluding the impact of family pension, is ₹248 crores, up by 1%.
Voluntary Retirement Scheme (VRS)
UTI AMC’s Board approved the implementation of a Voluntary Retirement Scheme (VRS) for select categories of employees, effective October 1st, 2025. The one-time financial aspect of the family pension revision is ₹25 crores, fully accounted for in this quarter’s results.
Other Highlights
SIP inflows for Q2 stood at ₹2,338 crores. The average SIP ticket size is ₹3,273 for September 2025. Digital channels contributed significantly, with 41% of total gross sales for equity and hybrid funds mobilized through the digital platform.
UTI Pension Fund Limited recorded a 15.82% growth in AUM, reaching ₹3.89 lakh crores.
Investor Education
The company conducted over 700 investor education programs, including 250 sessions designed for women investors. Over 6,700 students participated in the Financial Literacy for Youth (FLY) program.
Source: BSE
