Surging India offers Mena investors huge opportunity: UTI

Surging India offers Mena investors huge opportunity: UTI

UAE - Investors from the Middle East and North Africa (Mena) region have a huge opportunity in the surging growth of India with the country’s economy on its way to becoming a $5 trillion economy.

This is according to UTI Asset Management Co LTD (UTI-AMC), one of India’s largest and oldest Asset Management companies.

Celebrating its 60th anniversary in Dubai, the UTI Group, said that regional investors could leverage its time-tested strategy of $3X growth, which has been a continuing success for the last 10 years to partake in the Indian growth story.

Growing appetite

The overseas fully owned subsidiary of the group, UTI International, which has offices in Dubai, Singapore, Paris and London, has $2.9 billion assets under management catering to investors from over 35 countries. It manages Fund Structures from its offices in Dubai International Financial Centre (DIFC) and other offices across Singapore, Ireland, the Cayman Islands and Mauritius. UTI International will soon open its operation in the US to meet the growing appetite for investments in India.

Praveen Jagwani, CEO of UTI International said: “The Group manages $177 billion across Indian Equities and Fixed Income portfolios as of November 30, 2022. UTI is a legacy brand in India and is synonymous with