UTI MNC Fund
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Min amount: 500
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|Fund Type||Equity - Other|
|Exit Load||1% for 365 Days|
More about this fund
|Hindustan Unilever Ltd||8.23%|
|Maruti Suzuki India Ltd||8.08%|
|Britannia Industries Ltd||6.11%|
|United Spirits Ltd||3.81%|
|Sanofi India Ltd||3.8%|
|GlaxoSmithKline Consumer Healthcare Ltd||3.8%|
|Honeywell Automation India Ltd||3.61%|
|Ambuja Cements Ltd||3.48%|
|Procter & Gamble Hygiene and Health Care Ltd||3.42%|
About UTI MNC Fund
Being a thematic scheme, it invests in equity shares of Multinational Corporations (MNCs) which have competitive advantage in technology, operational and capital allocation efficiencies. The fund manager allocates resources in those companies which carry low financial leverage coupled with high price leadership capabilities.
Pros & Cons of UTI MNC Fund
UTI MNC Fund offers the following benefits:
- Opportunity to grow wealth by investing in the high quality MNCs. 80C of the Income Tax Act.
- Fund manager maintains a well-diversified portfolio comprising of technologically and operationally efficient companies.
- The fund has a relatively long performance history along with outperforming the category in 3 year and 5 year time horizon. It has beaten the benchmark in 5 year and 10 year time horizon.
Fund Information and Statistics of UTI MNC Fund
i) Inception / Launch date
UTI MNC Fund was launched on 10 July 1998 by UTI Mutual Fund.
ii) Risk level
Being a thematic equity fund, UTI MNC Fund is a high risk bet and suitable for aggressive investors who have a medium to 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
Mrs. Swati Kulkarni, who holds around 26 years of experience with UTI Mutual Funds, has been managing the UTI MNC Fund since August 2005. Before joining the fund house, she had associations with Reliance Industries Ltd.
v) Entry / Exit load
The fund house does not charge any entry load for investing in UTI MNC Fund. However, an entry load of 1% is charged for redemption of units within 364 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