Skip to main content

UTI Opportunities Fund

Invest Mutual Funds Online

Download Mutual Fund Application Forms

Opportunities funds, as the name suggests, invest in stocks of companies across market cap segments (i.e. large cap, mid cap, small cap) and across sectors. Due to their fluid investment style, these funds stand a better chance, of benefiting from attractive investment opportunities in various market cap segments as well as sectors. In practice, this depends mainly on the fund manager's expertise in identifying and tapping on investment opportunities well before others. A well-managed opportunities fund can add significant value to an investor's portfolio over the long-term.

UTI Opportunities Fund (UOF) is one such open-ended diversified equity fund from the stable of UTI Mutual Fund, which follows a fluid style of investing. UOF is primarily mandated to invest in equities and equity-related securities of Indian companies along with debt and money market instruments. Launched in July 2005, the fund has completed a little over 6 years of existence now.

The fund's primary investment objective is "to generate capital appreciation and/or income distribution by investing the funds of the scheme in equity shares and equity-related instruments.

The main focus of this scheme is to capitalize on opportunities arising in the market by responding to the dynamically changing Indian economy by moving its investments amongst different sectors as prevailing trends change."

The fund is mandated to invest 90% - 100% of its total assets in equity and equity-related instruments, and the rest (upto 10%) in domestic debt and money market instruments, to manage its liquidity requirements and as defensive stance.

Over the past one year, taking a view of the markets and opportunities therein, UOF has skewed its portfolio largely towards the large cap segment (64% - 74%), thus attempting to be defensive in its stance, in a scenario where markets have been turbulent but valuation wise they have seemed attractive. In the mid and small cap segment on the other hand the fund has taken a much lesser exposure ranging from 17% - 25%, thus refraining from going aggressive while citing opportunities therein. But a noteworthy point is that in both – large cap as well as mid & small cap segment the fund has held been consistent in its holding.

The fund's exposure to debt and cash over the past one year has not been more than 12% which indicates its tilt towards staying invested in equities, and abstinence from taking aggressive cash calls as well.

 

Equity Portfolio

Holdings

Aug 2011

Sep 2011

Oct 2011

Nov 2011

Dec 2011

ITC Ltd.

7.6

7.0

7.5

7.1

6.9

Cairn India Ltd.

4.1

3.9

4.1

4.3

4.6

HDFC Ltd.

4.1

3.9

4.5

4.4

4.6

CRISIL Ltd.

3.5

3.7

4.1

4.4

4.4

Petronet LNG Ltd.

6.1

5.5

4.0

4.4

4.2

ICICI Bank Ltd.

4.0

4.0

4.6

4.2

4.1

Ambuja Cements Ltd.

3.2

3.5

3.7

3.7

4.0

Tata Consultancy Services Ltd.

3.8

3.7

3.5

3.8

4.0

Infosys Ltd.

2.7

2.9

3.3

3.2

3.5

HDFC Bank Ltd.

2.8

2.7

3.5

3.4

3.3

 

As indicated by the table above, UOF's top-10 equity portfolio constitutes only of 'A' group stocks. Even its latest portfolio (which has 39 stocks in total) discloses the dominance (89.7%) of the 'A' group ones, while holding 'B' group ones have diminutive composition of 7.7% of its portfolio. It also has a petite exposure to a 'Z' group stock.

While identifying attractive investment opportunities, the fund aims to respond dynamically to the changing Indian economic scenario by citing trends. Thus UOF also allows its fund manager to invest in select sectors based on the views of the macro economy. It aims to invest predominantly in 4 to 5 sectors that are expected to outperform the broader market in the short to medium-term.

Hence UOF adopts a combination of both – top-down as well as a bottom-up approach of investing and imbibes in it the flexibility to actively shift its portfolio concentration between sectors and market capitalisation segments. But so far, UOF has refrained from churning its portfolio too often (as revealed by its petite portfolio turnover ratio of 0.47 times), and adopts a "buy and hold" strategy. Moreover, as mentioned earlier the fund has been consistent in its holdings, and the stock bets taken by the fund manager have been able to generate appealing returns for its investors.

Being benchmarked to the BSE-100 Index, UOF holds 39 stocks in its latest (i.e. as on December 31, 2011) portfolio, where the top-10 stocks and top-5 sectors constitute 43.5% and 35.7% respectively of its total portfolio.

 

How UOF has fared vis-à-vis its peers

Scheme Name

6-Mth (%)

1-Yr (%)

3-Yr (%)

5-Yr (%)

Std. Dev. (%)

Sharpe Ratio

Mirae Asset India Oppor (G)

-11.7

-12.2

32.0

-

8.13

0.22

UTI Oppor (G)

-5.0

-6.5

29.9

12.9

6.92

0.25

Fidelity India Spl.Situations (G)

-11.9

-14.6

25.9

4.1

8.74

0.16

Kotak Opportunities (G)

-11.6

-16.3

21.9

6.6

7.63

0.15

HSBC India Opp (G)

-10.1

-12.2

17.6

1.3

5.95

0.13

BSE-100

-13.7

-18.3

21.0

3.2

8.09

0.13

 

The table above reveals that across time frames, UOF's performance is quite inspiring, where over a 3-Yr and 5-Yr time frame the fund has clocked appealing returns of 29.9% CAGR and 12.9% CAGR respectively in the peer group. Such a performance reveals UOF has been successful in citing attractive investment opportunities for its portfolio, which has thus rewarded its investors.

When assessed on the volatility front too, UOF has exposed its investor to low risk (as revealed by its Standard Deviation of 6.92%), and has been successful in clocking luring risk-adjusted returns (as revealed by its Sharpe Ratio of 0.25). This thus makes UOF a low risk-high return investment proposition in the category.

However a detrimental point is that in the past - during turbulent phases of the Indian equity markets, the fund has shown it tendency to plunge when scenario in a respective sector(s) turns unfavourable.

 

Fund Manager Profile

Name of the Fund Manager

Mr. Anoop Bhaskar

Total Work Experience

Over 19 years

Managing the fund since

Jul-11

Qualifications

B.Com, MBA (Finance)

 

UTI Opportunities Fund has been successful in citing attractive investment opportunities for its portfolio, which has thus rewarded its investors. The inspiring risk-adjusted returns generated by the fund without indulging in aggressive in portfolio churning, encourage us to advise you to hold onto your investments in this fund.

All funds falling in the same category may not generate similar returns for you. It is noteworthy that decision of investing in a particular fund should not be taken only based on its 1 or 3 year performance. One should instead prefer the fund which shows consistency across market phases and qualifies based on other performance parameters too. A thorough research might be of a great help.

 

 

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

 

      1. ICICI Prudential Regular Gold Savings Fund
      2. HDFC Gold Fund

 

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...

ICICI Prudential Value Fund Series I

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   Performance of the scheme will be benchmarked to the S&P BSE 500 index ICICI Prudential Value Fund is a closeended equity scheme. The scheme will have tenure of three years (1095 days) from the date of allotment of units. Units of the scheme will be fully redeemed at the end of the maturity period, unless rolled over. NFO PERIOD:   The NFO is open from October 18 to 28. The minimum subscription during the NFO period is Rs 5,000. SCHEME OBJECTIVE:   The scheme aims to provide long-term capital growth by investing in a well-diversified portfolio of equity and equity-related securities. INVESTMENT STRATEGY:     The fund proposes to invest in stocks that are trading at a huge discount in the BSE 500 index and plans to book profit and distribute dividen...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now