UTI Top 100 Fund generates healthy returns

UTI Master Growth Unit Scheme that was launched on January 18, 1993 became UTI Top 100 from 20 May 2009 with some changes. Though this fund invests largely in large-cap investments, it is not disregarded for investing in mid-cap and small-cap equity instruments. 80 per cent of the amount is invested in large-cap, 15 per cent in mid-cap and 5 per cent in small-cap.

‘In UTI Top 100 Fund, we have invested higher than the reference index in some sectors and lower than the reference index in some sectors foreseeing the effects of the domestic as well as international situations. The idea is to provide good investment option while balancing the risk of these effects and return rate. If invested for next 2 to 3 years, the Fund is expected to perform better than the reference index.’ Says Ms. Swati Kulkarni, EVP & Fund Manager, UTI MF.

If we study the pattern of investment in the last one year, a lot of investors have invested in mid-cap and multi-cap funds. These investments have provided good returns too. But in the present time, those who want to take limited risk, UTI Top 100 is recommended.

(Source : According to NAV (growth) of 30 September 2015)

Owing to expected changes in the economic cycle, the fund management has invested more in sectors such as Banks, Cement and Automobile than the reference index. However, it has invested lower than the reference index for IT and consumer durables. But expected increase in the interest rate in the US by Fed will affect the global share market. Investment in IT, Pharmacy will save the Fund from decline in asset value at that time. Swati Kulkarni is a respectable name amongst fund managers’ fraternity owing to her management skills. In the large cap category, this Fund is recognized as a fund providing above average returns while taking below average risk. The Fund balances risk and return rate and thus recommended for investing in SIP and large investments.