UTI AMC valued well, but may be a better secondary market bet
ETtech
Considering its FY20 financials, the issue is commanding price to earnings multiple of 25.7 at the upper end of the price band.
Synopsis
This is an Offer for Sale (OFS). To meet regulatory requirements, investors such as SBI, LIC, Bank of Baroda, Punjab National Bank (PNB) and T Rowe Price (TRP) will offload their stake in the company.
By Rajesh Naidu, ET Bureau
3 mins read, Last Updated:
ET Intelligence Group: Investors may consider investments in UTI Asset Management Company in the secondary markets. Deep and wide geographical reach beyond metros, decades-long existence in the mutual funds industry, and strong presence in a wide variety of equity and other investment products are a few key business strengths of the company.BusinessUTI Asset Management Company is the second-largest Asset Management Company (AMC) in terms of
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