UTI AMC IPO: Investors shouldn't expect significant gains in near-term

Topics UTI AMC | Investors

The UTI Asset Management Company’s (UTI) initial public offering (IPO) looks attractive given the over 30 per cent discount to listed players, yet investors shouldn't expect significant gains in the near-term. Lack of: favourable assets under management (AUM) mix; sharp uptick in retail business and cost optimisation, are reasons for the same. However, analysts expect the situation to improve in the long run for India's oldest asset manager, and say lower valuations capture most concerns. According to Deepak Jasani, head of research retail at HDFC Securities, “While t.....

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