Analysts/Institutional Investor Meet/Con. Call Updates

Ref. No.: UTI/AMC/CS/SE/2026-27/0730 Date: 2nd November, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Plot No. C/1 Phiroze Jeejeebhoy Towers G Block Bandra – Kurla Complex Dalal Street Bandra East Mumbai – 400 051. Mumbai – 400 001. Scrip Symbol: UTIAMC Scrip Code / Symbol: 543238 / UTIAMC Sub: Transcript of the earnings conference call on financial performance of the Company for the quarter and half year ended 30th September, 2026 Dear Sir / Madam, Pursuant to Regulation 30 read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations) and as per the relevant SEBI Circulars, we are forwarding the transcript of the earnings conference call held on Tuesday, the 27th October, 2026 at 1600 hrs IST on the financial performance of the Company for the quarter and half year ended 30th September, 2026. The transcript of the aforesaid earnings conference call is also available on the Company’s website at www.utimf.com in compliance with Regulation 46 of the SEBI Listing Regulations. Thanking you, For UTI Asset Management Company Limited Arvind Patkar Company Secretary and Compliance Officer Membership No.: ACS 21577 Encl: As above Information Classification: UTI AMC - Public “UTI Asset Management Company Limited Q2 & H1 FY27 Earnings Conference Call” October 27, 2026 MANAGEMENT: MR. VINAY LAKHOTIA – CHIEF FINANCIAL OFFICER AND HEAD CORPORATE STRATEGY MR. SANDEEP SAMSI – HEAD INVESTOR EXPERIENCE AND CORPORATE AFFAIRS ADFACTORS PR – INVESTOR RELATIONS TEAM Information Classification: UTI AMC - Private Information Classification: UTI AMC - Confidential UTI Asset Management Company Limited October 27, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the UTI Asset Management Company Limited Q2 and H1 FY '27 Earnings Conference Call. From the management, we have with us Mr. Vinay Lakhotia, Chief Financial Officer and Head of Corporate Strategy; and Mr. Sandeep Samsi, Head of Investor Experience and Corporate Affairs. We also have the Investor Relations team from Adfactors PR. As a reminder, all participant lines will be in listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during this conference, please signal for an operator by pressing star followed by zero on your touchtone telephone. I now hand the conference over to Mr. Sandeep Samsi for opening remarks. Thank you, and over to you, sir. Sandeep Samsi: Thank you, Farah. Good evening, everyone, and thank you for joining us today. Due to an urgent family exigency, Mr. Vetri Subramaniam, our MD and CEO, will not be able to join today's earnings call. I have Mr. Vinay Lakhotia, CFO, and Head of Corporate Strategy, along with me on this call. Our financial results for the quarter and half year ended 30th September 2026, along with the investor presentation and press release, have been shared on the stock exchanges as well as on our website, and we trust you had the opportunity to review them. Before we discuss our financial performance, I would like to cover three key areas. First, the macroeconomic environment and the broader mutual fund industry backdrop; secondly, the progress we have made against our strategic priorities during quarter two of FY '27 and in the first half of the financial year; and finally, why we remain confident in UTI AMC's long-term growth trajectory and opportunities ahead. Speaking on the macroeconomic environment, quarter two of FY '27 witnessed resilient domestic activity, with quarter one GDP growth at 7.8%, supported by manufacturing and services sectors. However, West Page 2 of 20 UTI Asset Management Company Limited October 27, 2026 Asia tensions and crude oil volatility heightened inflationary pressures, with retail inflation rising to 5.54% in September '26. This month, the RBI also raised the repo rate to 5.50% and projected FY '27 GDP growth at 7.1%. Despite quarter-end market volatility, domestic investors' participation remained resilient. Equity-oriented schemes attracted Rs. 92,333 crores in quarter two of FY '27, taking the first half FY '27 inflows to Rs. 1.83 lakh crores. In September '26, the equity inflows stood at Rs. 38,307 crores, while the monthly SIP contribution reached a record Rs. 32,490 crores, with the SIP AUM being at Rs. 17.86 lakh crores for industry. Small and mid-cap funds accounted for 44% of September's equity inflows, while flexi-cap, multi-cap, large and mid-cap, and large-cap funds accounted another 41%. Industry quarterly average AUM rose to Rs. 87.2 lakh crores from Rs. 83.1 lakh crores in quarter one of FY '27, with ETFs recording net inflows of Rs. 15,501 crores in September '26. For UTI, the underlying message is encouraging. Even though short-term volatility is an inherent part of equity investing, the structural drivers of the mutual fund industry, including the economic growth, rising income, broader investor participation, and financialisation of household savings, remain intact. Keeping these opportunities in mind, our focus remains on translating the industry's structural growth potential into substantial growth for UTI AMC and capturing a larger share of industry flows. Under our Mission 2031, we are looking to work across five interconnected priorities: • Accelerating AUM growth, • Strengthening our SIP franchise, • Expanding distribution reach, • Deepening digital capabilities, and • Delivering better outcomes for investors. Page 3 of 20 UTI Asset Management Company Limited October 27, 2026 Turning to our business performance, our mutual fund quarterly average AUM for quarter two of FY '27 stood at Rs. 4.02 lakh crores, compared with Rs. 3.93 lakh crores in quarter one of FY '27, representing a market share of 4.61%. Our total group AUM stood at Rs. 16.28 lakh crores as of September 30th, 2026. Equity-oriented assets across active and passive strategies accounted for 72% of our average mutual fund AUM, compared with approximately 70% in the previous quarter. Our SIP franchise remains resilient, with combined monthly SIP and STP inflows standing at Rs. 982 crores in September of '26. Our SIP AUM stood at Rs. 45,572 crores as of September 30, 2026, broadly stable as compared with Rs. 45,595 crores in June of '26. This reinforces our focus on systematic investment as a driver of sustainable growth. The gross SIP inflows were Rs. 2,583 crores during this quarter and Rs. 5,085 crores during the half year of FY '27. Furthermore, we registered 5.96 lakh new SIPs during quarter two of FY '27, of which 87% were sourced through digital channels. In quarter two of FY '27, our live folio base stood at 1.47 crores, and we added 3.6 lakh new investors as identified by their PAN. During the half year, we added 6.12 lakh investors. UTI Mutual Fund's share of industry's new SIP registration by volume stood at 4.08% in quarter two. This is an encouraging indicator of our efforts to improve participation in new business. The next step is to build on this momentum consistently, strengthen conversions across distribution channels and digital platforms, and translate new investor acquisition into sustained SIP contribution and long-term partnerships. On the financial performance: on the financial front, the consolidated core revenue from the sale of services stood at Rs. 398 crores for quarter two of FY27, compared to Rs. 390 crores in the corresponding quarter last year, while the core profit after tax was Rs. 131 crores. Page 4 of 20 UTI Asset Management Company Limited October 27, 2026 For H1 of FY27, core revenues stood at Rs. 777 crores and core profit after tax at Rs. 263 crores. Our focus remains on growing the business while maintaining operating discipline and ensuring that growth translates into sustainable profitability. On strengthening investment capabilities and product propositions, the quality o [Showing first 8,000 characters — download PDF for full document]