UTI Equity Savings Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 30, 2024
18.590.11%
- Growth - Direct
(Earn upto 0.98% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Equity Savings
Expense Ratio:
0.68%(0.66% Category
average)Fund Size:
Rs. 441.64 Cr(1.21% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
UTI Equity Savings Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 30, 2024
18.590.11%
Expense Ratio:
0.68%
Fund Size:
Rs. 441.64 Cr
Fund Category:
Hybrid: Equity Savings
1. Current NAV: The Current Net Asset Value of the UTI Equity Savings Fund - Direct Plan as of Aug 30, 2024 is Rs 18.59 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 18.09% (1yr), 12.44% (3yr), 12.69% (5yr) and 10.87% (since launch). Whereas, Category returns for the same time duration are: 16.41% (1yr), 9.59% (3yr) and 10.42% (5yr).
3. Fund Size: The UTI Equity Savings Fund - Direct Plan currently holds Assets under Management worth of Rs 441.64 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.68% for Direct plan as on Aug 12, 2024.
5. Exit Load: UTI Equity Savings Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
UTI Equity Savings Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.92 5.11 8.23 18.21 12.12 12.67 Category Avg 0.88 5.29 8.12 16.44 9.31 10.46 Rank within Category 11 14 13 11 4 8 No. of funds within Category 22 22 22 22 22 22 - Loading...
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Return Comparison
- This Fund
- BenchmarkKotak Equity Savings Direct-G
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UTI Equity Savings Fund Direct - Growth Fund Details
Investment Objective - The Scheme seeks to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments.
Fund House | UTI Mutual Fund |
Launch Date | Aug 30, 2018 |
Benchmark | CRISIL Equity Saving Index |
Return Since Launch | 10.87% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Above Average |
UTI Equity Savings Fund Direct - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 1%, if redeemed within 30 days. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 82 79 76 80 76 71 Top 5 Company Holdings 37.3% 33.36% 32.54% 32.76% 30.86% 32.24% Top 10 Company Holdings 55.81% 52.02% 52.22% 51.11% 49.75% 51.33% Company with Highest Exposure GOI (15.03%) GOI (10.61%) GOI (11.21%) GOI (11.27%) GOI (7.43%) Infosys (7.74%) Number of Sectors 12 12 12 12 12 12 Top 3 Sector Holdings 12.55% 13.19% 13.31% 13.89% 15.77% 18.05% Top 5 Sector Holdings 16.05% 16.74% 17.12% 17.68% 20.37% 23.26% Sector with Highest Exposure Financial (5.86%) Financial (6.58%) Financial (7.1%) Financial (7.6%) Financial (9.11%) Financial (10.37%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Infosys Technology 6.69 30.28 64.20 36.38 Grasim Industries Materials 5.59 34.95 77.23 48.53 HDFC Bank Financial 5.43 18.27 89.60 3.03 Kotak Mahindra Bank Financial 4.32 16.46 108.21 -0.33 Axis Bank Financial 3.94 13.59 86.50 19.85 ICICI Bank Financial 3.5 18.65 65.91 26.26 Maruti Suzuki India Automobile 2.95 26.56 467.02 29.44 SBI Life Insurance Company Insurance 2.56 - - - Indusind Bank Financial 2.08 12.30 115.88 1.24 JSW Steel Metals & Mining 2.07 31.44 29.93 20.07
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y UTI Equity Savings Fund Direct - Growth 18.59 441.64 0.92 18.21 12.12 12.67 HSBC Equity Savings Fund Direct-Growth 35.69 406.54 0.55 26.47 13.78 14.69 Kotak Equity Savings Fund Direct-Growth 27.70 6,540.74 1.51 22.87 14.03 13.47 Edelweiss Equity Savings Fund Direct-Growth 26.04 450.33 1.40 18.77 10.81 12.51 Mirae Asset Equity Savings Fund Direct - Growth 20.52 1,188.86 1.21 19.61 11.50 14.26
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
4.58VS4.48Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.76VS0.70Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.44VS1.12Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
8.66VS7.33Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.79VS1.50Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
12.12VS10.51Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- V.S.V SrivatsaSince Aug 20183 schemes
- S.M.Sunil Madhukar PatilSince Aug 201818 schemes
Mr. Srivatsa is a B.Com (H), Chartered Accountant, CWA. and PGDM from IIM Indore. Prior to joining UTI Mutual Fund in 2002 he has worked with Ford, Rhodes Parks & Co., Chartered Accountants and Madras Cements Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y UTI Large & Mid Cap Fund Direct-Growth Large & MidCap 194.81 3,748.61 53.22 UTI Aggressive Hybrid Fund Direct Fund-Growth Aggressive Hybrid 432.35 6,063.77 37.01 UTI Retirement Fund Direct Balanced Hybrid 51.76 Unrated 4,649.44 23.49 Mr. Patil is MMF, Finance He joined UTI AMC in October 1989. He has overall 32 years of experience in Primary Market Investment / Dealing and Fund Management.
More UTI Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
UTI Liquid Direct-Growth | 28,028.74 | 0.61 | 1.87 | 3.76 | 7.36 | 5.81 | |
UTI Flexi Cap Fund Direct-Growth | 23,972.31 | 6.57 | 12.80 | 8.91 | 20.98 | 9.99 | |
UTI Nifty 50 Index Fund Direct-Growth | 16,924.52 | 5.12 | 7.24 | 10.56 | 26.09 | 15.59 | |
UTI Money Market Fund Direct-Growth | 14,121.21 | 0.64 | 1.96 | 3.92 | 7.57 | 6.09 | |
UTI Large Cap Fund Direct-Growth | 12,365.73 | 5.97 | 9.95 | 12.63 | 29.14 | 15.42 | |
UTI Mid Cap Fund Direct-Growth | 10,682.52 | 9.48 | 21.93 | 22.22 | 44.98 | 23.80 | |
UTI Value Fund Direct-Growth | 9,125.24 | 8.96 | 17.39 | 21.13 | 44.82 | 21.26 | |
UTI Nifty200 Momentum 30 Index Fund Direct - Growth | 6,276.71 | 8.02 | 22.51 | 33.08 | 71.07 | 28.00 | |
UTI Overnight Fund Direct-Growth | 6,064.84 | 0.56 | 1.67 | 3.36 | 6.82 | 5.42 | |
UTI Aggressive Hybrid Fund Direct Fund-Growth | 5,511.93 | 5.23 | 10.85 | 15.40 | 34.18 | 19.35 |
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1. UTI Equity Savings Fund - Direct Plan is Open-ended Equity Savings Hybrid scheme which belongs to UTI Mutual Fund House.
2. The fund was launched on Aug 30, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments. "
2. It is benchmarked against CRISIL Equity Saving Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 23.17% in equities, 26.45% in debts and 50.38% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 39.13% of the assets, the top 3 sectors constitute around 12.55% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on UTI Equity Savings Fund Direct - Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about UTI Equity Savings Fund Direct - Growth
- Is it safe to invest in UTI Equity Savings Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the UTI Equity Savings Fund - Direct Plan comes under Moderate risk category.
- What is the category of UTI Equity Savings Fund - Direct Plan?UTI Equity Savings Fund - Direct Plan belongs to the Hybrid : Equity Savings category of funds.
- How Long should I Invest in UTI Equity Savings Fund - Direct Plan?The suggested investment horizon of investing into UTI Equity Savings Fund - Direct Plan is 1 – 3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the UTI Equity Savings Fund - Direct Plan?The UTI Equity Savings Fund - Direct Plan is managed by V Srivatsa (Since Aug 10, 2018) and Sunil Madhukar Patil (Since Aug 10, 2018).
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