Skip to main content

UTI Equity

 

UTI Equity Fund - Invest Online

 

You may be quite familiar with UTI Opportunities and UTI Dividend Yield, the popular funds from the UTI stable. But UTI Equity may not strike a chord. This fund is not a topper in the performance chart, but has consistently maintained its position in the top quartile of the performance chart of equity funds.
 
Earlier known as UTI Mastergain, the fund beat peers such as HDFC Equity, DSPBR Equity and ICICI Pru Top 100 over the last three years. It also outperformed its benchmark by a good 6 percentage points over this period (see chart for returns).
 
Suitability
If you are a conservative investor looking for limited volatility, content with a predominant basket of large-cap stocks and have moderate return expectations, then UTI Equity may fit your bill. The fund contained declines well both in 2008 and 2011 suggesting that it is a good option to hold in down markets. But you may not witness equally good performance in rallies. While it comfortably beat its benchmark as well as the equity category average by 3-8 percentage points in the 2007, 2009 and 2010 rallies, funds such as HDFC Equity did a better job in delivering returns in swift market run-ups.
 
Invest in the fund, if you already hold top schemes such as ICICI Pru Bluechip and Quantum Long Term Equity. Hold with a minimum five-year horizon and use the SIP route. Investments through SIPs in the past five years delivered an internal rate of return of 14.3 per cent, twice as much as the returns through lump sum investment; as a result of opportunity to average in 2008.
 
Performance 
UTI Equity's consistency is demonstrated in its rolling returns. We calculated the fund's one year returns on a daily basis and compared the same with the fund's benchmark returns. Over a three-year period, UTI Equity's rolling returns beat its benchmark a good 87-percent of the times. This suggests that your chance of outperforming the benchmark is very high, irrespective of when you enter the fund. A similar record for HDFC Equity, with its own benchmark CNX 500, stood at 79 per cent.
 
UTI Equity's returns too, does not deviate much from its average (measured by standard deviation) compared with peer funds including the likes of DSPBR Equity and Fidelity Equity. But as mentioned earlier, that also means that the fund will not swing too far from its average in case of market rallies. Therefore, expect consistency, not chart topping returns from this fund.
Portfolio
UTI Equity has a diversified portfolio of about 70 stocks. But with well over four fifth of its assets in large-cap stocks with market capitalisation of over Rs 10,000 crore, its portfolio is not particularly exciting.
 
Yet, the fund took tactical calls in sectors over the past year and also held a few niche picks in the small-cap segment. Like most funds, it increased exposure to the financial sector in the last one year. But even as peers pruned their consumer goods holding, the fund increased it. Top stock in this space, ITC, delivered well for the fund.Compared with its benchmark, the fund had higher exposure to stocks such as Cairn India, Bosch and Nestle and afforded lower weights to stocks of Tata Motors, HDFC and Reliance Industries. Some of the smaller stocks in the portfolio include WABCO, Divis Laboratories and Tube Investments of India.
The fund is managed by Anoop Bhaskar.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

Popular posts from this blog

Total Returns Index brings out real Equity Funds Performers

From February, equity mutual funds have to change their benchmarks to account for dividend payments. Until now, funds used price-based benchmarks alone. TRI or total return indices assume that dividend payouts are reinvested back into the index. What this does is lift the overall index returns, because dividends get compounded. For example, the Sensex TRI index will consider dividend payouts of its constituent companies while the Nifty50 TRI index will consider dividends of its constituents. Using TRI indices as benchmarks comes on the argument that an equity funds earn dividends on the stocks in its portfolio, which they use to buy more stocks. Therefore, using an index that also considers dividend reinvestment would be a more appropriate benchmark. Shrinking outperformance With a stiffer benchmark, it is obvious that the margin by which an equity fund outperforms the benchmark would shrink. Rolling one-year returns from 2013 onwards, the average margin by which largecap funds out...
Read more

Stock Review: Havells

HAVELLS India's stock performance has been muted in the past three months, in line with the weak broader market. But, given the turnaround in its overseas subsidiary and the launch of new products in its consumer durable business, the company's stock may undergo a re-rating.    Havells is India's leading consumer electrical goods company, with consolidated sales of . 5,527 crore in the past four quarters. Its wholly-owned subsidiary Sylvania, which makes lighting and fixtures, has established brands in European, Latin American and Asian markets. Sylvania repre sented nearly half of the company's consolidated revenues in the first half of FY11.    Sylvania's poor financials hit Havells' consolidated performance in FY10. But, this has changed in the cur rent fiscal. Havells has reduced fixed costs of Sylvania by exiting from unprofitable businesses and outsourcing manufacturing to low-cost locations such as India and China. In the September 2010 quarter, Sylv...
Read more

How to generate a UAN Online

Best SIP Funds Online   In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer.  However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
Read more

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...
Read more

Health for Wealth - How to buy Health Insurance ?

Tax Saving Mutual Funds Online Current open Infra Bond Application form   HEALTH insurance is a relatively new phenomenon in India. Hence, it is not on the top of the mind for most people to make a conscious commitment towards health insurance. However, it is imperative for each one of us to plan for better health for our families and ourselves. There's no better way than to start with making health your top priority this year. So, your health insurance resolution charter would look something like: ■ Invest in health for wealth: Timely investment in health insurance can help build a security net and hedge sudden dilution of another financial asset class in the event of a health emergency, making it imperative to opt for a comprehensive health insurance plan. ■ Buy a comprehensive health cover that fu lfills your health needs for life: Buy a personal health insurance cover even if you have an employee cover because 'employer provided' health insuranc...
Read more
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