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- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Bajaj Finance Ltd||7.53%|
|HDFC Bank Ltd||6.21%|
|IndusInd Bank Ltd||4.2%|
|Housing Development Finance Corp Ltd||4.15%|
|Kotak Mahindra Bank Ltd||4.1%|
|Tata Consultancy Services Ltd||3.38%|
|Info Edge (India) Ltd||2.92%|
|Shree Cement Ltd||2.85%|
About UTI Equity Fund
Being an open-ended scheme, it invests in equity and equity related instruments of companies across market capitalization. It aims to maximize wealth of the investors in the long run by picking high-quality stocks. However, the scheme does not guarantee assured returns and fund performance may vary from one period to another.
Pros & Cons of UTI Equity Fund
UTI Equity Fund offers the following benefits:
- Opportunity to grow wealth by investing in companies having robust fundamentals, strong growth and experienced managements.
- Fund manager maintains a well-diversified portfolio and takes a small exposure to debt to fulfill liquidity requirements.
- The fund has a considerably long performance history in the equity domain. It outperformed the benchmark in the 5 year and 10 year time horizon.
Fund Information and Statistics of UTI Equity Fund
i) Inception / Launch date
UTI Equity Fund was launched on 18 May 1992 by UTI Mutual Fund.
ii) Risk level
Being a multi-cap fund, UTI Equity Fund is a moderately high risk bet and suitable for long-term investors who want to build the core of the portfolio coupled with a disciplined approach to investment.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Ajay Tyagi has been in association with the fund management and research since the year 2000. He has been managing the UTI Equity Fund since January 2016.
v) Entry / Exit load
The fund house does not charge any entry load for investing in UTI Equity Fund. However, an entry load of 1% is charged for redemption of units within 365 days from the date of allotment.
Tax benefits of investing in UTI Equity Fund
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About UTI Mutual Fund
UTI Mutual Funds are managed by UTI Asset Management Company Ltd. (UTI AMC). The AMC was established on November 14, 2002 and started functioning in the investment domain from February 1, 2003. The fund attempts to provide an effective combination of the domain leadership in the capital markets coupled with state-of-the-art technological expertise. Efforts are made to offer investing solution which match the risk-return needs of the clients.
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Min amount: 500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns