Fund Details |
|
Launch Date |
May 18th, 1992 |
Fund Manager |
Mr. Ajay Tyagi |
AUM (in. Cr) |
Rs.24,043.00/- |
Benchmark |
NIFTY 500 TRI |
Expense Ratio (Regular Fund) |
1.55% |
Expense Ratio (Direct Fund) |
0.93% |
Investment Style |
Aggressive |
Minimum Investment |
|
Min. Investment |
Rs.5,000/- |
Min. Additional Investment |
Rs.1,000/- |
Min. SIP Amount |
Rs.500/- |
As per the Securities and Exchanges Board of India (SEBI), Flexi-cap funds should have 65% minimum investment in equity and equity-related instruments. There is no limit on how much these funds can invest across market caps - large, mid, or small companies. The current allocation of UTI Flexi Cap Fund in equities is 100%
UTIFCF is managed by Mr. Ajay Tyagi, a CFA and he is working as a fund manager since 2005
The fund is suitable for investors who are seeking capital appreciation for a minimum period ranging from 3 to 5 years or more and have the ability to hold on to their investments in the fund during market cycles.
Exit Load: The fund has an exit load of 1% for the units redeemed in excess of 10% of the investments within 365 days.
The top 10 Stocks and sectors are as follows:
S. No: |
Stocks |
Allocation |
Sectors |
Allocation |
1 |
Bajaj Finance |
5.74% |
Financials |
25.68% |
2 |
L&T Infotech |
5.06% |
Technology |
15.24% |
3 |
HDFC Bank |
4.82% |
Healthcare |
12.70% |
4 |
Infosys |
4.34% |
Services |
10.75% |
5 |
Kotak Bank |
4.12% |
Materials |
7.37% |
|
Top 5 stocks |
24.08% |
Top 5 Sectors |
71.74% |
6 |
ICICI Bank |
3.85% |
Automobile |
6.09% |
7 |
Avenue Supermarts |
3.51% |
Consumer Discretionary |
5.50% |
8 |
HDFC |
3.41% |
Consumer Staples |
3.55% |
9 |
MindTree |
3.04% |
Chemicals |
3.21% |
10 |
Coforge |
2.79% |
Capital Goods |
2.74% |
|
Top 10 Stocks |
40.06% |
Top 10 Sectors |
92.83% |
Portfolio Details |
|
Total No: of Stocks |
62 |
Top 5 Stocks |
24.08% |
Top 10 Stocks |
40.06% |
Top Sector |
Financials |
Top Sector Allocation |
25.70% |
Allocation across Market caps |
|
Giant |
37.92% |
Large |
26.85% |
Mid |
30.89% |
Small |
4.34% |
Low Turnover Ratio, Low to moderate stock concentration, and adequate exposure to mid and small-cap stocks
The current number of total stocks in the UTI Flexi-cap Fund is 62. The fund has a turnover ratio of 11%, indicating low churning and stable holding of the investments.
The top 5 stocks in the portfolio of UTIFCF constitute about 24% of the total portfolio and the top 10 stocks allocation in the portfolio allocation is at 40.06%
This lower to moderate asset allocation to the top 5 and top 10 constituents of the portfolio leads to lower dependency on the performance of a set of stocks for the fund to deliver decent returns.
Exposure to mid and small-cap stocks in the portfolio is at 35%. Though this exposure allows its investors to capture additional returns during the uptrends of the markets, increased volatility is also expected due to the same.
Returns |
6 – Months |
1 – year |
3 – Years |
5 – years |
10 - years |
Alpha (3 years) |
Fund |
-5.25% |
17.93% |
20.23% |
16.91% |
16.39% |
2.63 |
BSE 100 |
1.88% |
23.71% |
16.76% |
15.08% |
14.55% |
- |
BSE 500 |
1.78% |
25.40% |
18.10% |
15.18% |
15.09% |
- |
Risk Profile |
Std. Dev |
Beta |
Sharpe |
UTIFCF |
21.55% |
0.95 |
0.77 |
BSE 100 |
21.34% |
- |
0.64 |
BSE 500 |
21.81% |
- |
0.68 |
Lower Volatility and higher risk-return ratio: As shown above, the fund is able to deliver stable returns to its investors successfully over the years and the fund has a standard deviation of 21.55%, while its index S&P BSE 500’s standard deviation is at 21.81% and the 3-year Sharpe ratio of UTIFCF is at 0.77%, better than its benchmark S&P BSE 500
A Drawback; High concentration of sectors: Though the fund is able to successfully steer through different market cycles, the only drawback we are able to notice is its high concentration of allocation to the top 5 sectors at 71%
Recommendation: We recommend equity mutual fund investors accumulate the fund due to its ability to give stable returns to its investors with comparatively lower standard deviation and higher risk-return ratios than its benchmark, however high sectoral concentration and individual risk profile are the factors that remain to be seen.
For further queries regarding investment planning and guidance, please call us at +91 7305923322
Please write to us at research@adityatrading.com
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DISCLAIMER |
This report is only for the information of our customers. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.