UTI Equity Mutual Fund has outperformed its benchmark index and its category in the past three years.FUND FACTSInception: May 1992
Category: Equity: Large & Mid Cap
Type: Open ended
AUM: Rs 2187.43 crore
Benchmark index: BSE 100
WHAT IT COSTSNAV: Rs 51.10 (G) | Rs 45.16 (Div)
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 500
Expense ratio: 1.90%
Exit load: 1% if redeemed within one year
MEET THE FUND MANAGERAnoop Bhaskar began to broad base the fund's portfolio after he took over in April 2007. Further, it was repositioned in September 2007 as a flexi-cap product with not less than 70% of the portfolio in large-caps.
WHO SHOULD INVEST IN IT?This fund attempts to buy stocks that are reasonably priced, have high operating efficiency and are in a favourable business cycle. Despite a few bad years, its performance over the past three years has been above average. Though it missed out on the initial part of the rally that began in March 2009, it made up with allocations in auto and increased exposure to IT. "We bet on high beta names across infrastructure and oil & gas," explains fund manager Anoop Bhaskar. The fund remains invested in large-cap stocks for long periods and sticks to safe bets in the mid-cap space, making it a relatively safe wager.
Data and analysis of the fund have been sourced from Value Research.
