India continues to command global attention, not just for the pace of its growth, but
for the quality of its transformation. With GDP projected expansion of 6.5% jUjin 2025 and
2026, India stands as the world's fastest- growing major economy.
DINESH KUMAR MEHROTRA
Chairman
Dear Stakeholders,
In every defining chapter of India's development story, the institutions that have
endured are those that have adapted with foresight, acted with integrity, and responded to
the moment with purpose and resolve.
As I present the Annual Report of UTI Asset Management Company for FY 2024-25, I
reflect on our journey over the years, always keeping the investors' interest foremost and
helping them achieve their financial goals.
Ours is a legacy built on a disciplined investment philosophy, resilience, and
long-term value creation. This year, too, we advanced with the same foundation, guided by
a deep Commitment to our investors, steered by Conviction that is informed,
and empowered by Capabilities honed over decades of managing assets with clarity
and confidence.
India continues to command global attention, not just for the pace of its growth, but
for the quality of its transformation. With GDP projected expansion of 6.5% in 2025 and
2026, India stands as the world's fastest-growing major economy. This is not simply an
economic indicator. It signals confidence in the India story: backed by reform,
resilience, and the conviction that prosperity must reach every tier of society.
The Union Budget 2025-26 presented a clear, future-focussed blueprint. The theme of the
Union Budget for 2025-26 was "Sabka Vikas" stimulating balanced growth of all
regions. It is evident that the Government is focussed on sustainable, infrastructure-led
growth while maintaining fiscal discipline. The budget also prioritises consumption-led
expansion through revised tax slabs and increased deductions, significantly enhancing the
disposable income of middle-class households. For the mutual fund industry, these
developments are transformative.
As more individuals seek structured investment avenues, institutions like UTI have a
pivotal role to play. By fostering trust, simplifying financial journeys, and stewarding
capital with responsibility, we aim to strengthen the momentum of India's growth story.
Our journey at UTI has always been linked to democratise access to capital markets. As
pioneers of India's mutual fund industry, we have strived to empower generations of
Indians, from urban centres to smaller towns, to become investors. Through investor
education initiatives such as Swataritra, we aim to widen the access and enable
investors to make informed decisions.
By channelling domestic savings into productive assets, we continue to contribute
meaningfully to India's economic progress and the vision of Viksit Bharat by 2047.
The mutual fund industry's AUM surpassed ' 65.74 lakh crore in March 2025 and '
72.20 lakh crore in May 2025. Domestic institutional investors are now emerging as strong
stabilisers in our capital markets, reducing dependence on foreign inflows and
underscoring the growing conviction in India's long-term economic growth.
What distinguishes this era is the heightened level of investor engagement. Across
India, individuals are moving beyond simply saving. They are actively learning and
planning for securing their future. Investors now seek to understand where their money is
invested, how it grows and the value it creates.
In an environment defined by growing complexity and rising expectations, our role is to
ensure that UTI remains anchored in robust principles, disciplined risk management, and
proactive oversight. The confidence reposed in us by millions of investors over the past
six decades is a privilege and responsibility. We must continuously uphold, reaffirm and
strengthen this trust through every decision we take.
Sustainability, once an aspirational goal, is now a strategic imperative. Regulators,
investors, employees, and societies, increasingly expect us to act with environmental
stewardship and social consciousness. We are fully aligned with this shift - continuing to
build portfolios and practices that seamlessly integrate long-term financial returns with
long-term societal value.
Another important area is the evolution of culture and leadership within the
organisation. In a world where skills evolve rapidly, and expectations shift even faster,
we must continuously nurture talent that is diverse in perspective, agile in thought, and
grounded in purpose. At UTI, we continue to make encouraging strides in diversity,
learning and inclusion.
As we look to the future, the emphasis must remain not only on the scale of our growth,
but on its direction and integrity. The evolving expectations of investors, the rapid
shifts in technology, and the growing importance of responsible investing demand that we
lead with foresight and conviction.
We remain committed to ensuring that our growth continues to be inclusive, principled
and aligned with the longterm interests of all stakeholders.
As India continues its journey, digitally empowered, globally confident, and driven by
a young population, our role becomes even more important. At UTI, we are deepening our
engagement with banks, national and regional distributors, mutual fund advisors, and
fintech platforms. These partnerships are instrumental in helping us articulate our
investment philosophy and enhance investor communication.
I remain deeply grateful to our Board for their guidance, our regulators for their
support, our investors for their trust, and every employee of UTI for the quiet excellence
they bring to our collective mission.
Let us continue to move forward with the same clarity in thought, consistency in
values, and commitment in action.
Warm regards,
Dinesh Kumar Mehrotra
Chairman