Weekly Tactical Pick – UTI AMC
Sectoral tailwinds, attractive valuation and improving market share make UTI AMC a worthy bet
June 11, 2021 / 09:18 AM IST
UTI Mutual Fund | (PC-Shutterstock)
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The mutual fund industry, which had been going from strength to strength, was impacted by the pandemic in FY21. Equity funds saw net outflows of Rs 39,328 crore in FY21, notwithstanding the inflows in the last month of the financial year.
Despite the disruption in FY21, the long-term structural growth story of the MF industry remains intact. The current fiscal (FY22) has started on a positive note with healthy inflows in equity funds in April and May.
This makes it worthwhile...