NewZNew (Chandigarh) : Launched in May 1992, UTI Equity Fund aims to generate capital appreciation by investing in a diversified portfolio of leading stocks in the respective sectors. The aim is to invest across market capitalisation, with large caps comprising around 79 per cent of the portfolio.
UTI Equity Fund has received CPR 2 ranking from CRISIL for quarter ended March 2015 and a 5 Star rating from Value Research (as of June 2015). These ratings indicate good performance in its category
The fund is managed by Anoop Bhaskar.
As on June 30, 2015, UTI Equity Fund has generated a return (CAGR) of 19.22% against benchmark return of 9.32% over the last one year and 12.58% against benchmark return of 10.30% since inception.
A lump sum investment of Rs.10000/- made at time of launch of the scheme in May 1992 would have appreciated to Rs.155016 as June 30, 2015 as against Rs.96569/- of benchmark, S&P BSE100.
The fund’s consistent performance is also associated with lower volatility or market risk (measured by standard deviation). The volatility of 14.5 per cent is less compared to the S&P BSE 100 of 15per cent over a one-year period ending June 30, 2015.
In terms of market capitalisation, the fund is biased towards large-cap with 79 per cent of its equity exposure in large-cap stocks as of June 30, 2015.
According to the mandate, the fund maintains a diversified portfolio. At a sector level, the fund has 70 per cent exposure to the top five sectors. As on June 30, 2015, the fund has been overweight on sectors like financial services, automobile, IT, Energy and underweight on sectors like cement and construction. The funds top holding consists of well known and researched companies like HDFC Bank, Infosys, ICICI Bank, TCS, Reliance Industries, Shree Cements Ltd and Maruti Suzuki India.