Background: UTI Mutual Fund is managed by UTI Assets Management Company Private Limited has come into existence with effect from 1st Feb.2003 who has been appointed by the UTI Trustee Company Pvt. Ltd. for managing the scheme of UTI Mutual and the scheme transferred from UTI Mutual Fund.
Three leading public sector banks-Bank of Baroda, Punjab National Bank and life Insurance Corporation of India are sponsors of the UTI Mutual Fund. The fund house manages assets worth Rs 67978.19 crore at the end of June 2009.
UTI Equity Fund (G) is an open-ended scheme launched in April 1992. The scheme aims at investing at least 80% of its funds in equity and equity related instrument with medium to high risk profile and up to 20% in debt and money market instruments with low to medium risk profile.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 38.45 per unit as on 20 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.83 crore to Rs 1455.62 crore in June 2009.
UTI Equity Fund (G) took fresh exposure to seven stocks in June 2009. The scheme has purchased 8.77 lakh units (1.18%) of NTPC, 10.00 lakh units (0.59%) Hindalco Industries, 1.87 lakh units (0.50%) of MphasiS and 2.50 lakh units (0.37%) of Sintex Industries among others.
The scheme exited completely from Divis Laboratories by selling 1.09 lakh units (0.86%), Dr Reddys Laboratories by selling 16693 units (0.07%), Bajaj Holdings & Investment by selling 20519 units (0.05%) and Gujarat Industries Power Company by selling 46873 units (0.03%) in June 2009.
Sector-wise, the scheme took fresh exposures Aluminium and Aluminium Products at 0.59%, Diversified-Large at 0.37% and Automobiles-LCVs/HCVs at 0.23% in June 2009. Sector-wise, the scheme did exit completely from Domestic Appliances at 0.01% in June 2009.
The scheme had highest exposure to Reliance Industries with 3.81 lakh units (5.30% of portfolio size) followed by Infosys Technologies with 3.36 lakh units (4.11%), Nestle India with 2.42 lakh units (3.34%) and Shree Renuka Sugars with 33.74 lakh units (3.27%) among others in June 2009.
It reduced its exposure from State Bank of India by selling 2.55 lakh units to 2.58 lakh units (by 3.50%), Balrampur Chini Mills by selling 20.74 lakh units to 2.75 lakh units (1.21%), Punjab National Bank by selling units 1.17 lakh units to 2.65 lakh units (0.53%) and India Cements by selling 2.80 lakh units to 11.94 lakh units (0.48%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 9.63% (from 10.27% in May 2009), followed by Refineries at 8.31% (7.32%), Computers-Software-Large at 7.47% (3.06%) and Food-Processing-MNC at 5.50% (4.77%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks-Public Sector to 4.33% (by 4.03%), Pharmaceuticals-Indian-Bulk Drugs to 1.30% (by 0.77%), Banks-Private Sector to 9.63% (by 0.64%) and Cement-South India to 1.42% (by 0.52%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 100. The scheme has outperformed the benchmark index over one month and one year time period while it underperformed the benchmark index over three months and six months time period.
The scheme has posted returns of 8.07% outperformed the BSE 100 that increased by 4.77% over 1 month period ended 20 July 2009.
However, over 3 month's period, the scheme advanced by 33.41% underperforming the BSE 100 that gained 40.45%. It rose 14.91% outperforming the benchmark index that was up by 12.37% over 1year period.
Three leading public sector banks-Bank of Baroda, Punjab National Bank and life Insurance Corporation of India are sponsors of the UTI Mutual Fund. The fund house manages assets worth Rs 67978.19 crore at the end of June 2009.
UTI Equity Fund (G) is an open-ended scheme launched in April 1992. The scheme aims at investing at least 80% of its funds in equity and equity related instrument with medium to high risk profile and up to 20% in debt and money market instruments with low to medium risk profile.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 38.45 per unit as on 20 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.83 crore to Rs 1455.62 crore in June 2009.
UTI Equity Fund (G) took fresh exposure to seven stocks in June 2009. The scheme has purchased 8.77 lakh units (1.18%) of NTPC, 10.00 lakh units (0.59%) Hindalco Industries, 1.87 lakh units (0.50%) of MphasiS and 2.50 lakh units (0.37%) of Sintex Industries among others.
The scheme exited completely from Divis Laboratories by selling 1.09 lakh units (0.86%), Dr Reddys Laboratories by selling 16693 units (0.07%), Bajaj Holdings & Investment by selling 20519 units (0.05%) and Gujarat Industries Power Company by selling 46873 units (0.03%) in June 2009.
Sector-wise, the scheme took fresh exposures Aluminium and Aluminium Products at 0.59%, Diversified-Large at 0.37% and Automobiles-LCVs/HCVs at 0.23% in June 2009. Sector-wise, the scheme did exit completely from Domestic Appliances at 0.01% in June 2009.
The scheme had highest exposure to Reliance Industries with 3.81 lakh units (5.30% of portfolio size) followed by Infosys Technologies with 3.36 lakh units (4.11%), Nestle India with 2.42 lakh units (3.34%) and Shree Renuka Sugars with 33.74 lakh units (3.27%) among others in June 2009.
It reduced its exposure from State Bank of India by selling 2.55 lakh units to 2.58 lakh units (by 3.50%), Balrampur Chini Mills by selling 20.74 lakh units to 2.75 lakh units (1.21%), Punjab National Bank by selling units 1.17 lakh units to 2.65 lakh units (0.53%) and India Cements by selling 2.80 lakh units to 11.94 lakh units (0.48%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 9.63% (from 10.27% in May 2009), followed by Refineries at 8.31% (7.32%), Computers-Software-Large at 7.47% (3.06%) and Food-Processing-MNC at 5.50% (4.77%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks-Public Sector to 4.33% (by 4.03%), Pharmaceuticals-Indian-Bulk Drugs to 1.30% (by 0.77%), Banks-Private Sector to 9.63% (by 0.64%) and Cement-South India to 1.42% (by 0.52%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 100. The scheme has outperformed the benchmark index over one month and one year time period while it underperformed the benchmark index over three months and six months time period.
The scheme has posted returns of 8.07% outperformed the BSE 100 that increased by 4.77% over 1 month period ended 20 July 2009.
However, over 3 month's period, the scheme advanced by 33.41% underperforming the BSE 100 that gained 40.45%. It rose 14.91% outperforming the benchmark index that was up by 12.37% over 1year period.
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