UTI Corporate Presentation - Oswal...
Transcript of UTI Corporate Presentation - Oswal...
Key Highlights
UTI’s Pedigree – Formation of UTI AMC, Shareholding
Pattern, Structure and key profiles
UTI’s Products and Assets Under Management
UTI’s Processes (Fund Management, Research, Risk Management,
Investor Services)
UTI’s Distribution Reach
UTI’s Initiatives
Key Highlights
UTI’s Pedigree – Formation of UTI AMC, Shareholding Pattern,
Structure and key profiles
UTI’s Products and Assets Under Management
UTI’s Processes (Fund Management, Research, Risk
Management, Investor Services)
UTI’s Distribution Reach
UTI’s Initiatives
Key Highlights
• UTI AMC traces its roots to the Unit Trust of India
• UTI Mutual Fund (MF) is the oldest and one of the leading MFs in terms of Assets Under Management (AUM) in India
• Sponsored by four top Financial Institutions – State Bank of India (SBI), Life Insurance Corporation of India (LIC), Bank of Baroda (BOB) & Punjab National Bank (PNB). International Partnership with T Rowe Price
• Total AUM of Rs. 3,01,852.94 crores across various Verticals and Subsidiaries*
• Mutual Fund Average AUM of Rs. 1,28,183.00 crores**
• Pan-India presence with 150 financial centers
• Experienced fund management team and a strong in-house research team
• Independent Risk Management function
• Bouquet of Products incl. Specialty products for diverse set of investors
• Range of Offerings through Subsidiaries – Portfolio Management Services (PMS), International funds, Venture Funds, Alternate Assets & Retirement Solutions
• Pioneer in introducing new initiatives like first MF to facilitate transactions through National Stock Exchange (NSE), micro-pension initiative, Unit Linked Insurance Plans & Children’s plan etc.
* As of March 31, 2017 (UTI MF quarterly AAUM considered, rest month end) ** For the quarter ended March 31, 2017
Key Highlights
UTI’s Pedigree – Formation of UTI AMC, Shareholding Pattern,
Structure and key profiles
UTI’s Products and Assets Under Management
UTI’s Processes (Fund Management, Research, Risk Management,
Investor Services)
UTI’s Distribution Reach
UTI’s Initiatives
Formation of UTI AMC*
Erstwhile UTI
Specified Undertaking of UTIUTI Mutual Fund
(All NAV linked schemes)
Sponsors SBI, PNB, BOB, LIC
Trustee Company
Asset Management Co.
US 64 & all assured return schemes of
erstwhile UTI transferred to it
*W.E.F 1st February 2003
Shareholding pattern
Shareholding pattern
18.5
18.5
18.5
18.5
Overview and advantage of T. Rowe Price (Strategic Investor)
Overview
• Independent investment management firm working with institutional and individual investors
• AUM of $861.6 billion (as on March 31,2017)
• Established in 1937 by Thomas Rowe Price, Jr.
• Headquartered in Baltimore, Maryland, USA with offices located in 16 countries around the world and 5,999 + Associates
Advantage
• Built on a solid foundation
– Organizational stability and a long-term orientation contribute to the business approach
• Disciplined by design
– Investment approach through Fundamental, bottom – up research
• Informed by multiple perspectives
– Effective idea generation for client portfolios by Integrating individual perspective of diverse professionals
• Sharing a common focus
– Associates are committed to excellence in service and guidance and to putting client interests first
T Rowe Price , 26%
Bank of Baroda (BOB), 18.24%
Punjab National Bank (PNB), 18.24%
Life Insurance Corporation of India
(LIC), 18.24%
Employees & Others , 1.04% State Bank of India
(SBI), 18.24%
Structure
Directors:
Mr. Ashok K. Kini, Chairman
Prof. P. G. Apte
Mr. S. Ravi
Mr. C E S Azariah
Mr. A Ramesh Kumar
Mr. Suhail Nathani
SPONSORSState Bank of India
Life Insurance Corporation of IndiaBank of Baroda
Punjab National Bank
UTI Trustee Co. Pvt. Ltd. UTI Asset Management Co. Ltd.
Directors:
Mr. Leo Puri, Managing Director
Mr. James Sellers Riepe
Mr. Flemming Madsen
Mr. P.N. Venkatachalam
Mr. M.V. Suryanarayana
Mr. Sachit Jain
Mr. Sumit Bose
Mrs. Uttara Dasgupta
Mr. N Seshadri
UTI AMC Structure
Support Services to SUUTI
Investment Manager to UTI Mutual Fund
Investment Manager to Offshore Funds
Portfolio Management Services
Manager for International (Offshore) Funds
Manager for Venture Funds
Manager for Pension Funds
UTI AMC Ltd.
UTI International Ltd.
UTI Venture Fund Management Co. Ltd.
UTI Retirement Solutions Ltd.
UTI Capital Pvt. Ltd. Manager for Private Equity Funds
100% Subsidiaries
Organizational Structure of UTI AMC
Discussed next
Group PresidentHead, Equity
Research
Group PresidentHead, Fixed
Income
Fund Mgmt.
Dealing
Head, Compliance &
Risk Mgmt.
Compliance
Risk Management
Head, Legal
Legal
Vigilance
Human Resources
Head, Investor Service
Company Secretary
Head, PMS
Subsidiaries
Fund Accounts
AMC Accounts
Administration
Information Technology
Sales Channels
Marketing
Products
Group President(CFO)
Group President(Sales & Mktg)
Internal Audit
MD
CEO, UTI Capital
CEO, UTI Ventures
CEO, UTI Retirement Solutions
CEO, UTI International
Dealing
Fund Mgmt.
Research
Operating Risk
• 24+ years experience with UTI AMC in various capacities
• Previously worked with Aaina Exports Ltd. as a production coordinator and at Stenay Ltd. as a
Quality Control Inspector
• Completed MBA from FMS, Delhi and graduation from St. Stephens College, Delhi
• 30+ years experience working across UK, US and Asia
• Previously held positions of Director, McKinsey & Company and Managing Director, Warburg Pincus
– Advised leading financial institutions, conglomerates and investment institutions in strategy and
operational issues at McKinsey. Additionally, contributed to development of knowledge and
public policy through advice to regulators and government officials
– Led and managed investments across industries in India at Warburg Pincus. Also contributed to
financial services investments in the international portfolio as a member of the global
partnership
• Holds a Masters degree in P.P.E. from University of Oxford, and a Masters degree in Law from
University of Cambridge
• Has held non-executive board positions at Infosys, Bennett Coleman & Co., Max New York Life and
Max Bupa Health Insurance
Leo Puri,
Managing
Director
Amandeep
Chopra, Head –
Fixed Income
Key profiles
Key Highlights
UTI’s Pedigree – Formation of UTI AMC, Shareholding Pattern,
Structure and key profiles
UTI’s Products and Assets Under Management
UTI’s Processes (Fund Management, Research, Risk Management,
Investor Services)
UTI’s Distribution Reach
UTI’s Initiatives
Bouquet of schemes to take care of all the financial needs at different Stages of the Life Cycle
One Stop Fund House of Opportunities
Earning Years
Age – 22 years Age – 60 years
Marriage
Child’s birth
Child’s
Education
Child’s Wedding
Housing
38 yrs22 yrs
Education
Stage IIStage I Stage III
10-20 yrs
Post Retirement Years
• 219 domestic schemes /
Plans (as of 31st March
,2017) under various
Fund Categories like
– Equity Funds
– Index Funds
– Balanced Funds
– Income Funds
– Liquid Funds
– Interval Funds
• Schemes catering to the
whole gamut of
investment needs
Different types of products
UTI MF Products
Equity
Index Funds
Thematic & Sectoral
Diversified
Hybrid Debt
Pure Debt
Income
G-Sec
Retail Institutional
Provident Fund
Liquid
Cash Short Term
UTI Mutual Fund Products
Assets Under Management across UTI Group
* UTI MF AUM is quarterly Avg. AUM as of March, 2017. For detailed disclosure on bifurcation of the AUM into debt / equity / balanced, etc, and the percentage of AUM by geography (i.e. top 5 cities, next 10 cities, next 20 cities, next 75 cities and others) of the Fund, please refer to the website www.utimf.com. Other AUM is as of month end Matrch 31st , 2017 Source: UTI AMC, AMFI India
UTI Mutual Fund has a market share of 7.48% (as on quarter ended 31st March, 2017)
128,183.00
99,215.29
474.02
52,043.15
184.0021,753.48
301,852.94
UTI MF Schemes PMS UTI Capital UTI RSL UTI VentureFunds
UTI International Total
AuM split*
Rs crores, as of 31th March 2017
Key Highlights
UTI’s Pedigree – Formation of UTI AMC, Shareholding Pattern,
Structure and key profiles
UTI’s Products and Assets Under Management
UTI’s Processes (Fund Management, Research, Risk Management,
Investor Services)
UTI’s Distribution Reach
UTI’s Initiatives
Fund Management Structure
Control
Fund
Accounting
Execution
Decision
Making
Advisory
▪ Internal &
External Audit
team, Regular
Compliance
Check,
Dedicated Risk
Management
Team
▪ Accounting,
Valuation & Net
Asset Value (NAV)
▪ Corporate Actions,
Follow-up &
Recovery
▪ Equity Research
▪ Debt & Macro
Research
▪ Equity Dealers, Money
Market Dealers
▪ Debt Dealers &
Primary Market
Dealers
▪ Headed by : Equity
Head & Fixed
Income Head +
Fund Managers
Fund Management Process
• Keeping investors well informed
Reinforced investment processes• Rationalized equity fund portfolio• Focus fund approach• Strong processes related to investment
universe
• Monthly performance reporting system
• Benchmark compensation structure
• Effective fund management team• Constantly augmenting skills to adapt to the
evolving dynamic environment
Fund Management
Investment process
1
Performance tracking & incentives
2
Structure and
capabilities
4
Communica-tion plan
3
Fund Management and Research Resources
• UTI MF has an experienced Investment Management Team led by Head of Equity (HOE) and Head of Fixed Income (HOFI)
• 15 member Equity Team comprising of HOE, Fund Managers & Research Analysts
• 8 member Fixed Income Team comprising of HOFI, Fund Managers & Analysts
• Strong in-house Research Team with expertise in Equities and Fixed Income research to track, research and evaluate macro economic indicators as well as sectors / companies
• Allocation of work on sectoral basis for the Research Team
• Recruited from leading Business Schools & lateral recruits with years of research experience
• Independent Risk Management team covering Credit Risk, Liquidity Risk and Market Risk
• Separate Dealers for Equity and Fixed Income
Investor Services
• Running the largest MF Investor Education programme – Swatantra
• Paperless Online investing even for New Investors
• Investors can also Purchase, Redeem & Switch through SMS
• B2B App called UTI Buddy for Distributors
• Facilities like Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT),
National Automated Clearing House (NACH) and Direct Credit
• Online Login for Corporate Investors to view and download Statement of Account (SoA)
anytime through website
• Transactions through Emails and Fax for Corporate Clients
• Mobile Enabled Services – NAV & Scheme information on mobile phones.
• Contact Center – Inbound contact center catering to customers 24x7
• Monthly disclosure of Portfolio
• Investor communication through UTI Equity Watch, UTI Treasury Watch, UTI Advantage &
Wealth Wise.
• Regional Language SoA
• A feature content rich website – www.utimf.com
Key Highlights
UTI’s Pedigree – Formation of UTI AMC, Shareholding Pattern,
Structure and key profiles
UTI’s Products and Assets Under Management
UTI’s Processes (Fund Management, Research, Risk Management,
Investor Services)
UTI’s Distribution Reach
UTI’s Initiatives
Retail Presence
Geographic presence
Number
15Regions
150UTI Financial Centres
390BDAs* and CAs**
473Cities having direct
presence
558Districts covered
(out of 611)
40,000+AMFI certified agents
▪ International Offices at London, Dubai and Singapore through UTI International▪ PSU Banks, Private Banks, leading distribution houses and India Post marketing UTI MF Products
across the country
Metric
*BDA – Business Development Associate, *CA – Chief Agents
Key Highlights
UTI’s Pedigree – Formation of UTI AMC, Shareholding Pattern,
Structure and key profiles
UTI’s Products and Assets Under Management
UTI’s Processes (Fund Management, Research, Risk Management,
Investor Services)
UTI’s Distribution Reach
UTI’s Initiatives
UTI MF has been a pioneer in introducing
new initiatives
UTI Mutual Fund – Pioneer in introducing new initiatives
Transactions through NSE
• Single statement of holdings under secondary market transaction and also Mutual Fund transaction held under same DP ID/client ID
• Paperless transaction: Holding in dematmode
• Reach through NSE terminals at more than 1,400 locations
• Separate Know Your Customer (KYC) is not required
• Single window for Mutual Fund units as well as secondary market transactions
• Investing in Mutual Fund units becomes as simple as investing in secondary market through demat mode
• First to facilitate transactions through NSE (Launched in November 2009)
• Micro-pension initiative (launched in 2006) through UTI Retirement Benefit Pension Fund
• UTI Unit Linked Insurance Plan (ULIP) with Life and Accident cover (Launched in 1971).
• UTI Children’s Career Plan enabling financial planning specifically for Child’s future (Launched in 1993).
• India’s First Offshore Fund - India Fund (Launched in 1986).
• India’s First True Mutual Fund scheme –UTI Master share (Launched in 1986)
Social Initiatives
• Scheme for Overseas Indian Workers in collaboration with Ministry of Overseas
Indian Affairs
• Teachers Pension Yojana for teachers in Bihar in association with the
Government of Bihar
• Micro Pension initiative for unorganized Sector workers with SEWA Bank,
COMPFED, SHEPHERD, MAANDESHI
• Mukhyamantri Kanya Suraksha Yojna with Government of Bihar
• Mukhyamantri Balika Sambal Yojana with Government of Rajasthan
• Launched ‘CanServe’ initiative with St. Jude India Child Care wherein investors
can donate their Dividends / Capital appreciation to destitute for their medical
aid for treatment of Cancer
Thank You
REGISTERED OFFICE:
Registered Office: UTI Tower, 'Gn' Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Phone: 022 – 66786666.
UTI Asset Management Company Ltd. (Investment Manager for UTI Mutual Fund) E-mail: [email protected],
(CIN-U65991 MH2002GOI137867).
Mutual Fund investments are subject to market risks, read all scheme related documents carefully