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UTI Asset Management Company reported a 31% jump in Q2 profit to Rs 239 crore, driven by strong revenue growth. The company's AUM reached Rs 20.16 lakh crore, highlighting the robust Indian mutual...

UTI Asset Management Company (UTI AMC) reported a 9% rise in Q1 FY25 profit to Rs 254 crore, driven by strong revenue growth. AUM stood at Rs 19.36 lakh crore.

India's interim budget aims to reduce fiscal deficit, which experts say is positive for the debt market. Bond yields expected to soften with lower borrowing.