UTI Mutual Fund is coming out with an IPO to raise Rs 2,160 crore through an offer for sale. The price band has been set at Rs 552-554 per share for a lot of 27 shares. The issue opens on 29th September 2020 and closes on 1st October 2020. The company manages Mutual Funds along with other asset management services such as PMS, Retirement Funds, Offshore Funds, and AIFs and has a total AUM over Rs 9.7 lakh crore as of FY20, with Mutual Fund AUM at Rs 1.3 lakh crore (June 2020). Watch an exclusive analysis by our research analyst Mr. Anuragh Lodha to know some important business insight and what he recommends about this issue.
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