Seeking both Large & Mid cap exposure? Opt UTI Equity Fund

UTI Equity Fund is an open-ended scheme with an diversified asset class. This fund has a highest exposure to Banking and Financial service sector followed by Technology and Oil & Gas.  Across period, this fund has maintained consistency in its performance and is suitable for investor with conservative outlook, reckons Arnav Pandya.

• The fund takes an exposure to both Large cap and Mid cap space in a conservative manner in its portfolio. The fund had the highest exposure to Financial services at 20 per cent of the portfolio followed by Consumer goods, Energy and IT at the end of July 2011. No stock in the portfolio had an exposure of more than 5 per cent. ICICI Bank, TCS, ITC, Sun Pharma, Infosys and Reliance Industries were some of the leading holdings. The fund had around 83 per cent of its portfolio in large caps. The benchmark for the fund was the BSE 100 and it was an outperformer over the benchmark over the one, three and five year time periods.
• The total current asset component in the portfolio was at 7.7 per cent at the end of January 2012. Financial services remained the top sector with a 21 per cent share. Consumer goods, Energy and IT were the other areas with a 10 per cent plus share in the portfolio. In terms of the portfolio turnover ratio this remained low at 0.47 while the leading stocks in the portfolio were ICICI Bank, ITC, Infosys, TCS, Sun Pharma, SBI and HDFC Bank. The fund remained an outperformer over the one and three year time periods ended December 2011.
• Six months later, there was not a major change in the overall portfolio as the leading sectors remained the same. Financial services, Energy, Consumer goods and IT were the top sectors in the portfolio. ITC was the top holding and its share was at 6 per cent followed by ICICI Bank at 5 per cent.  Sun Pharma, HDFC Bank, TCS, Infosys, Reliance Industries and SBI were some of the other top holdings. The fund was a strong outperformer over the one and three year time period ended June 2012.
• At the end of January 2013, the fund had around 82 per cent of its portfolio into large cap stocks. The portfolio turnover ratio had declined to 0.33.  Financial services remained the top sector with 24 per cent share of the portfolio followed by consumer goods, energy and Pharma.  ITC was the top stock followed by ICICI Bank, Reliance Industries, HDFC Bank, Infosys, Sun Pharma and TCS. The fund remained an outperformer over the one and three year time periods ending December 2012.
• This fund is suitable for investors looking for a conservative investment with a majority exposure to large caps and a small exposure to mid caps.  The consistent performance of the fund and its portfolio management style makes this a choice that they should consider for their portfolio.