The UTI Equity Fund is a large cap equity mutual fund that has a diversified portfolio across sectors. The fund aims to offer long term capital appreciation through equity based investments and has been operational since 1992. UTI Asset Management Company is a public sector entity and is the oldest mutual fund house in the country.
Type of fund
This is an open ended large cap equity mutual fund.
Investment objective
The objective here is to generate long term capital appreciation through investments primarily in large cap companies and with sufficient diversification of portfolio to mitigate risks. The portfolio consists predominantly of investments in equity instruments of high growth companies.
Fund information
| Inception date | 18/05/2009 |
| CRISIL rank | Rank 2 in Large Cap |
| Schemes |
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| Entry load | 0% |
| Exit load | 1% if redeemed within 1 year |
| Minimum investment |
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| SIP | Available. |
| Product label – Risk and target investors | Moderately High risk. Meant for long term investors looking at capital appreciation through diversified large cap investments. Large cap diversified mutual funds with conservative outlook is suitable for all types of equity investors. |
| Benchmark | S&P BSE 100. This index was compiled in 1989 and uses the same methodology of computation of free-float index and determination of free-float factors as the more commonly known BSE Sensex Index. |
| SWP | Yes. Minimum withdrawal amount of Rs.1,000. |
| STP | Available |
| Redemption | Proceeds to be dispatched within 10 days |
| Taxation (on investment and on redemption) | As per applicable sections under the Income Tax Act. |
Fund manager(s)
Mr Anoop Bhaskar has over 23 years of experience in the equity research and fund management, of which 19 years have been in asset management companies. He has a B.Com from Delhi University and a PGDM from SIBM Pune. He has previously worked with Sundaram Asset Management, Brisk Financial Services, Templeton Asset Management, Shriram Financial Services and Cross Borders Finance and Project. He has been with UTI AMC in the capacity of Head of Equity since April 2007 and manages 5 other funds from UTI AMC including UTI Mid Cap Fund, UTI Transportation & Logistics Fund and UTI Children’s Career Balanced Fund.
Investment philosophy
The scheme primarily aims to offer capital appreciation to investors through investments in equity shares and convertible and nonconvertible debentures and bonds of companies that have shown good prospects in terms of growth, apart from money market instrument investments.
Portfolio – Sector / Top 10 holdings*
| Name | Sector | Class | Allocation (%) |
| HDFC Bank Ltd | Financial | Equity | 6.40 |
| Infosys Ltd | Tech | Equity | 4.95 |
| Reliance Industries Ltd | Energy | Equity | 3.93 |
| ICICI Bank Ltd | Financial | Equity | 3.91 |
| TCS Ltd | Tech | Equity | 3.87 |
| Shree Cement Ltd | Construction | Equity | 3.19 |
| Maruti Suzuki India Ltd | Financial | Equity | 2.77 |
| Sun Pharma Ltd | Pharma | Equity | 2.54 |
| Axis bank Ltd | Financial | Equity | 2.47 |
| Larsen & Toubro Ltd | Diversified | Equity | 2.16 |
*As on 31st July 2015
Risk measures
| Standard Deviation | 14.02% |
| Sharpe Ratio | 1.02 |
| Alpha | 6.63% |
| Beta | 0.93 |
Performance
| AUM* | Rs.4196 crores (Growth) |
| NAV** |
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| Expense Ratio |
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*As on 30th June 2015
**As on 4th September 2015
Benchmark comparison*
| Compounded Annualised Returns | Scheme Returns (%) | Benchmark Returns (%) |
| Returns for last 1 year | 19.22 | 9.32 |
| Returns for last 3 years | 22.73 | 17.04 |
| Returns for last 5 years | 15.03 | 9.09 |
| Returns since inception | 12.58 | 10.30 |
*As on 30th June 2015
Expert view of the fund
The UTI Equity Fund is a good option for equity investors. The fund has consistently beaten the benchmark returns and performed better than average returns in its category. It is aimed at long term investors who can get over short term volatility. The fund has proved its mettle through different market cycles. The investments are smartly selected with a scattering for small and mid cap investments apart from the large cap investments. You should always have in-depth consultations with your personal financial advisor before making any mutual fund investments.
How to apply
UTI AMC offers both online and offline registration to investors.
- Online
Online investors can directly log into the ‘apply online’ portal in the official website of the fund house. Forms and related documents can be filled and submitted online. Alternatively, investors can also download and use the UTI mobile portal to apply for funds. You can register for mobile transactions by registering for ECS/Standing Instructions facility. Alternatively investors can also approach third party dealers for online investments however you are advised to perform background checks before investing in a mutual fund through dealers or distributors.
- Offline
You can approach any UTI AMC branch and ask for forms and related documents to be filled and signed. You can also download the respective forms online and submit the filled up details to a relevant branch. Alternatively, you can approach third party dealers for mutual fund investments after exhaustive checks of their credentials.
