UTI Asset Management Company Ltd

- UTI International obtained a license from French regulators for business operations in Europe through the Paris office, enabling on-ground presence and growth opportunities in Continental Europe. - UTI Alternatives is strengthening its team as it plans to launch two to three new funds. - UTI Retirement Solutions Limited (RSL) is expanding its team to grow the private pension business and point-of-presence (POP) operations. - Plans to launch new products in FY25 include a Multi-Cap Fund, passively managed funds, and thematic funds. - Continued investments in digital assets, including a revamped website, mobile app, contact center, and self-service digital KYC processes, to enhance investor and distributor experience. - Ongoing expansion of physical branches, especially in Tier-2 and Tier-3 cities, with 29 new branches opened in smaller towns during the past year and more planned. - Strategic investments aimed at deepening relationships with distributors and expanding presence across B30 and T30 cities.

- Management expects a growth in management fees greater than the current 5% growth seen from FY23 to FY24. - Growth is anticipated to be driven by increased Assets Under Management (AUM), especially in equity and hybrid fund categories. - The company plans to launch new products including multi-cap funds, passive funds, and thematic funds, which are expected to contribute to growth. - Expansion plans include strengthening the international business with new fund launches like the India Innovation Fund and Private Credit Real Estate Fund. - Increased digital initiatives, revamping digital assets, and deepening relationships with distributors aim to boost inflows and live folios. - Cost control measures on New Fund Offer (NFO) expenses are expected to keep launch-related expenses moderate. - Overall revenue and margins are expected to improve, especially from the international segment, supported by product innovation and operational expansion.

- Management fees are expected to witness positive growth greater than the current 5% in the next financial year. - Growth in Assets Under Management (AUM), particularly in equity and hybrid categories, is anticipated to drive management fee growth. - Fair value gains from equity investments caused a significant jump in net gains on fair value changes in FY24, but no forward-looking guidance on market appreciation is provided. - Consolidated net profit for the full year FY24 rose 75% YoY; standalone PAT grew 41% YoY. - Employee expenses expected to grow around 2%-3% on a standalone basis next year. - Tax rate guidance for FY25 is in the range of 22%-23%. - New fund launches (multi-cap, passive, thematic) and international business expansion are expected to contribute positively to revenues and margins. - Dividend payout policy maintains at least 50%; around 66% payout achieved recently.

The transcript provided does not contain any information regarding the current or expected order book or pending orders. The discussion and Q&A focus mainly on topics such as: - Growth in management fees and investment valuation gains - Market appreciation and fair value changes in equity investments - Fund performance, yield improvements, and new fund launches - Distribution channels, investor folios, and SIP flows - Employee expenses, tax rates, and dividend policies No details related to order book status or pending orders are mentioned in the excerpts from the document.

- No specific mention of any current or planned new fundraising through debt or equity in the provided transcript. - The management did not comment on shareholder matters or fundraising activities. - Focus is on launching new funds (e.g., multi-cap, thematic, passive funds) and expanding business lines but no direct reference to raising capital via debt or equity. - Emphasis on growing assets under management (AUM), expanding digital assets, and deepening distributor relationships instead of new fundraising. - No updates on any equity or debt issuances disclosed in Q&A or management remarks.