India's First Mutual Fund Company Declares Rs 48 Dividend Ahead of AGM on July 31; Stock Hits Record High

DSIJ Intelligence-2 / 10 Jul 2025/ Categories: Dividend, Mindshare, Trending

India's First Mutual Fund Company Declares Rs 48 Dividend Ahead of AGM on July 31; Stock Hits Record High

On a year-to-date basis, the stock is up by 5.44 per cent, while its one-year return stands at 35.57 per cent.

UTI Asset Management Company (UTI AMC) has announced its highest-ever final dividend of Rs 48 per share for the financial year 2024-25. The company will hold its 22nd Annual General Meeting (AGM) on July 31, 2025, where the dividend proposal will be presented for shareholder approval. The dividend consists of a final dividend of Rs 26 per share and a special dividend of Rs 22 per share, representing a total payout of 480 per cent on the face value of Rs 10. If approved, the dividend will be paid on or before August 7, 2025.

This announcement follows a strong year for the asset manager, supported by robust systematic investment plan (SIP) inflows and positive market sentiment. SIP inflows reached an all-time high of Rs 27,269 crore in June 2025, while industry assets under management (AUM) have grown by 8 per cent since March 2025. These trends are expected to boost UTI AMC's performance through higher equity AUM and treasury income.

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The company’s dividend track record reflects consistent payouts over recent years. In 2024, UTI AMC declared a final dividend of Rs 24 and a special dividend of Rs 23 per share. Earlier payouts included Rs 22 in 2023 and Rs 21 in 2022, highlighting the company’s focus on rewarding shareholders.

On July 10, 2025, UTI AMC shares surged over 6 per cent to hit an all-time high of Rs 1,429, surpassing its previous peak of Rs 1,407.95. The stock was trading at Rs 1,423, up by 5.86 per cent by 1:59 PM IST. Over the last three months, the share has rallied over 39 per cent. On a year-to-date basis, the stock is up by 5.44 per cent, while its one-year return stands at 35.57 per cent.

UTI AMC is among the leading players in the Indian asset management industry, offering mutual funds, retirement products, PMS, and alternative investments. With a presence in over 700 districts and offices abroad in key financial hubs, the company continues to expand its reach and investor base across domestic and international markets.

Disclaimer: The article is for informational purposes only and not investment advice.