- UTI Mastershare Unit
- DATE OF ANALYSIS: July 2021, currently under periodic annual review
- ANALYST RATING: Silver (Direct), Bronze (Regular)
- STAR RATING: 4 stars
- FUND MANAGER: Swati Kulkarni
- CATEGORY: Equity: Large Cap
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A conservatively managed large-cap fund with an impressive track record that can be tracked over three decades and all market cycles.
The fund manager follows a top-down approach for sector weights and a bottom-up view for stock selection.
She follows a benchmark-aware large-cap strategy and usually picks stock from the BSE 100 index. She follows a growth-at-a-reasonable-price approach and looks at key metrics such as ROCE, ROE and EBITDA margin, which clearly reflects the growth bias in her investment style. Her buy-and-hold approach is evident in her investment style and from the relatively low turnover ratio, though she takes active calls within the internal risk-management framework.
- UTI Value Opportunities
- DATE OF ANALYSIS: December 2021
- ANALYST RATING: Bronze (Direct), Neutral (Regular)
- STAR RATING: 3 stars
- FUND MANAGERS: Vetri Subramaniam, Amit Premchandani
- CATEGORY: Equity: Value
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Earlier, this was fund positioned as a large-cap fund with 80-90% exposure to large-cap stocks. It is now managed with a value bent with the flexibility to actively invest across market capitalizations.
The fund managers follow a mix of top-down and bottom-up approaches, and take aggressive sector positions. The positioning is based on valuation considerations and medium-term growth prospects. They invest in stocks that are currently depressed with low ROCE and ROE, and have the potential to generate higher returns.
- UTI Flexi Cap
- DATE OF ANALYSIS: October 2021
- ANALYST RATING: Bronze
- STAR RATING: 4 stars
- FUND MANAGER: Ajay Tyagi
- CATEGORY: Equity: Flexi Cap
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Earlier known as UTI Equity Fund, it was launched in 1992. It is one of the oldest funds in the Indian mutual fund industry. From a large-cap orientation to a multi-cap and now, flexi-cap, the fund’s investment philosophy remains the same.
The fund manager’s style is distinctively long term, driven by quality, growth and valuation. He looks for businesses with a strong record of earnings growth over the past 5-10 years.
- UTI Mid Cap
- DATE OF ANALYSIS: December 2021
- ANALYST RATING: Neutral
- STAR RATING: 4 stars
- FUND MANAGER: Ankit Agarwal
- CATEGORY: Equity: Mid Cap
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The fund has seen numerous changes as far as the fund managers are concerned. The fund manager looks for quality stocks trading at compelling valuations.
- UTI Dividend Yield
- DATE OF ANALYSIS: July 2021, currently under periodic annual review
- ANALYST RATING: Bronze
- STAR RATING: None
- FUND MANAGER: Swati Kulkarni
- CATEGORY: Equity: Dividend Yield
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The largest dividend yield fund, it has transitioned from a large-cap tilt to a multi-cap tilt. When choosing stocks in the portfolio, Swati looks at Nifty Dividend Opportunities 50 index. But dividend payout history is just the initial mathematical screen.
