The UTI Opportunities Fund is a large cap mutual fund scheme which aims to offer long term capital growth to investors by capitalizing on opportunities arising out of the dynamic Indian economy. The investments are diversified across sectors. The fund was started in July 2005. UTI AMC is a public sector mutual fund house, which is also the oldest mutual fund house in India.
Type of fund
This is an open ended large cap equity mutual fund scheme.
Investment objective
The objective here is to offer long term capital gain by investing in equity and equity related instruments of various companies across categories. The funds are moved between companies according to the prevalent market trends and aim to benefit from the dynamically changing economy of the country.
Fund information
| Inception date | 20/07/2005 |
| CRISIL rank | Rank 4 in Large Cap category of funds |
| Schemes |
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| Entry load | 0% |
| Exit load | Existing – 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 gain through dynamic equity and equity related instruments’ based investments. Diversified large-mid cap oriented fund having aggressive type of portfolio can be invested in by all frequent 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 sector, 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 several other funds from UTI AMC including UTI Mid Cap Fund, UTI Transportation & Logistics Fund and UTI Children’s Career Balanced Fund.
Investment philosophy
The fund is primarily aimed at capitalizing on the opportunities that come with a dynamic market, such as that of India right now, by moving the investments among various sectors as per the prevalent market sentiments. A dynamic and sufficiently diversified portfolio helps in reducing risks especially for long term investors.
Portfolio – Sector / Top 10 holdings*
| Name | Sector | Class | Allocation (%) |
| HDFC Bank Ltd | Financial | Equity | 7.63 |
| Infosys Ltd | Tech | Equity | 6.59 |
| ICICI Bank Ltd | Financial | Equity | 5.57 |
| Axis bank Ltd | Financial | Equity | 5.30 |
| Maruti Suzuki India Ltd | Auto | Equity | 5.10 |
| Larsen & Toubro Ltd | Diversified | Equity | 4.30 |
| Reliance Industries Ltd | Energy | Equity | 3.83 |
| TCS Ltd | Tech | Equity | 3.74 |
| Ultratech Cement Ltd | Construction | Equity | 3.01 |
| MRF Ltd | Auto | Equity | 2.99 |
*As on 31st July 2015
Risk measures
| Standard Deviation | 14.22% |
| Sharpe Ratio | 0.75 |
| Alpha | 2.87% |
| Beta | 0.95 |
Performance
| AUM* | Rs.3,061 crores (Growth) |
| NAV** |
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| Expense Ratio |
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*As on 30th June 2015
**As on 4th September 2015Benchmark comparison*
| Compounded Annualised Returns | Scheme Returns (%) | Benchmark Returns (%) |
| Returns for last 1 year | 7.75 | 9.32 |
| Returns for last 3 years | 14.65 | 17.04 |
| Returns for last 5 years | 9.65 | 9.09 |
| Returns since inception | 16.49 | 15.59 |
*As on 30th June 2015
Expert view of the fund
The UTI Opportunities Fund is a good option for investors with a medium risk appetite. Those investors that are looking for downside protection during turbulence in the market and involvement during market rallies can opt for this scheme. Being managed by Mr Anoop Bhaskar, this fund has offered returns beating the benchmark ratings. The fund is slanted towards large cap investments and is ideal for long term investors. You should always consult with your personal financial advisor before making risky investments such as mutual funds.
How to apply
Investors can apply for the UTI Opportunities Fund via online and offline means.
- Online
UTI AMC offers online registration and transactions through its official website. Investors can log in to their accounts after completing the formalities and get on with investing in the funds of their choice. The forms and supporting documents can be filled and submitted at the right places to start processing of the application. Alternatively, investors can also register their mobile phones for transacting. Some third party vendors also offer online registration services though you should be careful when making investments through third party dealers or distributors.
- Offline
Investors can approach any of the registered branches of UTI MF in the country and submit the filled in application form and supporting documents to initiate application processing. The application form can also be downloaded online and submitted at a registered branch. Alternatively, you can also use the services of third party vendors though it is advisable to check their credentials in depth before making any decision.
