Announced Fri, 10 Jul · 12:53 IST
Ujjivan SFB clarifies Rs 200 crore mutual fund distribution venture
Business Updates View source PDF
UJJIVANSFB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹63.08
prior close
₹65.23
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.2+0.1+0.0+6.2+3.2+3.9+4.3+2.9+4.1————
Up moveDown movePending
AI summary
Ujjivan SFB clarified to NSE on an Economic Times article about entering wealth business. The bank confirms it launched mutual fund distribution in May 2026 after board approval in February 2026. It targets Rs 200 crore AUM in year one, expecting around Rs 1-2 crore revenue (0.5-1 percent on AUM). The bank says this is insignificant for its size and not material, with no undisclosed price-sensitive information.
Likely market impact
Clarification only - mutual fund distribution launched May 2026, but expected about Rs 1-2 crore revenue is immaterial. No undisclosed price info.