UTI Balanced fund dividend option has provided a yield of 8% in addition to the appreciation. This compares quite favourably with a fixed deposit or any other fixed income instrument where the returns are much less and also tax-inefficient. We also compared this yield with select peers and found it to be competitive despite us being a conservative and large cap oriented fund.
The UTI Balanced fund has maintained a disciplined approach in allocation to various caps with reasonable exposure to small caps in tune with the investment philosophy as well as the name of the fund.
| Scheme | Dividend Frequency | No. of Dividend declared Dec '15 to Dec 16 | Dividend Yield | Cap Allocation | Concentration TOP 10 % of holding | 1 Year performance | ||
| Large Cap | Mid Cap | Small Cap | ||||||
| UTI Balanced Fund | Quarterly | 4 | 8.12% | 63% | 27% | 10% | 38% | 22.14% |
UTI dividend philosophy is to remain steady and competitive over a period of time. The fund has outperformed the benchmark index as well as BSE 100 and has delivered a return of over 22% in the last one year. The recent momentum in performance due to changes in the portfolio in the last 24 months has helped in attracting good volumes.
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