UTI Mastershare Fund: An equity fund for conservative investors
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
By ET Bureau |
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
HOW HAS THE FUND PERFORMED? With a 10-year return of 12.78%, the fund has outperformed both the benchmark index (10.80%) and the category average (11.52%).
Growth of Rs 10,000 vis-a-vis category and benchmark The fund has outperformed both the index and peers over the past decade. BASIC FACTS Date of launch: 18 OCT 1986 Category: Equity Type: Large cap Average AUM: Rs 5,158.10 crore Benchmark: S&P BSE 100 Index
WHAT IT COSTS NAVs(As on 3 July 2018) Growth option: Rs 117
Exit load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
FUND MANAGER Swati Anil Kulkarni Tenure: 11 Years and 6 Months Education: B.COM (H), MBA (Finance), CFA AND CAIIB
WHERE DOES THE FUND INVEST? HOW RISKY IS IT? Wherever not specified, data as on 31 may 2018. Source: value research
Should You Buy? This is the country’s oldest equity fund and has a decent long-term track record. It is among the more conservative large-cap funds that follow a benchmark-conscious approach to portfolio construction.
While its portfolio is reasonably diversified, it takes large positions in its top picks—mostly index heavyweights. The fund manager, however, is comfortable stepping out of the benchmark index to play in the mid-cap space. She stays away from smaller names though and emphasises on quality. Currently, the fund has overweight positions in technology and auto sectors, and is tilted in favour of financials. Given its conservative style, the fund has remained a midrung performer in recent years. But investors can take comfort in its above-par performance over longer time periods.
