UTI Mid Cap
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Min amount: 500
- Fund Summary
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Exide Industries Ltd||4.35%|
|Indraprastha Gas Ltd||4.04%|
|Torrent Power Ltd||3.64%|
|Mahindra & Mahindra Financial Services Ltd||3.27%|
|Titan Co Ltd||2.98%|
|National Aluminium Co Ltd||2.79%|
|The Federal Bank Ltd||2.71%|
|Coromandel International Ltd||2.58%|
About UTI Midcap Fund
Being an open-ended fund, it invests primarily in equity shares of mid-cap companies. It aims at providing the investors with wealth creation opportunities in the long run. The fund manager picks stocks of companies which have exhibited good performance in the past. However, the fund does not guarantee assured returns owing to presence of market risks.
Pros & Cons of UTI Midcap Fund
UTI Midcap Fund offers the following benefits:
- Opportunity to grow wealth by investing in the companies having potential to beat the benchmark
- Fund manager maintains a well-diversified portfolio to ensure relatively stable returns amidst market volatility.
- Being a star-rated fund, it has beaten the category and benchmark in the 5 year and 10 year time horizon.
Fund Information and Statistics of UTI Midcap Fund
i) Inception / Launch date
UTI Midcap Fund was launched on 7 April 2004 by UTI Mutual Fund.
ii) Risk level
Being a mid-cap fund, UTI Midcap Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
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. Lalit Gopalan Nambiar, who is associated with UTI Mutual Fund since 2006, is a CFA charterholder. He has been managing the UTI Midcap Fund since January 2016.
v) Entry / Exit load
The fund house does not charge any entry load for investing in UTI Midcap 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 MNC 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