UTI Asset Management Company Limited fell 21.8% in 2026, struggling to sustain market share amid competition from top-tier peers, and trades above its five-year average valuation multiple despite the correction.

UTI Asset Management Company Limited MD & CEO Vetri Subramaniam said the fund house's asset allocation model now favours raising equity allocation after two years of flat markets, prefers diversified portfolios with large-cap bias and sees opportunity in core banking and lending. He acknowledged underperformance in UTI Mutual Fund's quality, growth-oriented and blended equity strategies due to execution drift and large-cap bias, and said the fund house is restoring guardrails and refreshing talent and coverage, while moving slowly on specialised investment funds pending talent and differentiated product.