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Fincash » UTI Mutual Fund » UTI Flexi Cap Fund

Overview of UTI Flexi Cap Fund

Updated on August 3, 2022 , 39 views

The UTI Flexi Cap Fund is among the top quartile Flexi Cap funds. It was set up in May 1992. Between 2007 and 2015, it was headed by Anoop Bhaskar. Between 2009 and 2015, the fund outperformed the BSE 500 Total Returns Index (TRI) five times on a yearly Basis. Ajay Tyagi took up the leadership after Bhaskar left in December 2015 and carried on the heritage of Bhaskar's great outperformance throughout his heydays.

UTI Flexi Cap Fund

The fund is less susceptible to Market gyrations because it is market cap agnostic. The fund manager is unrestricted in calibrating exposures across market capitalizations. In the case of a market slump, this has resulted in a smaller drawdown. Let's find out more about this fund, including its features and investment objectives.

Top Features of UTI Flexi Cap Fund

Before you continue your exploration with this fund, you should navigate through some of its key points. So, here are some primary features to understand UTI Flexi Cap Fund better:

  • The UTI Flexi Cap Fund returns over the last year have been 16.64%. It has had an average return per year of 16.60% ever since its inception. Every two years, the fund has also quadrupled its invested money

  • The ability of the scheme to provide consistent outcomes is comparable to that of most of the funds in the same category. It also has an above-average capacity to control losses in a sinking market

  • The technology, financial, healthcare, and materials sectors account for most of the fund's holdings. As compared to other funds in the category, it has less exposure to the Financial and Technology industries

  • Larsen & Toubro Infotech Ltd., Bajaj Finance Ltd., Infosys Ltd., HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. are the fund's top five holdings

Investment Objective of UTI Flexi Cap Fund

The scheme invests primarily in equity and other relatable instruments of companies with a Range of market capitalizations to produce long-term Capital growth.

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Sectoral Breakdown

Here is a table showing the sectoral division of the UTI Flexi Cap fund:

Sector Fund (in %) Benchmark (in %)
IT 15.22 13.92
Financial Services 25.69 30.01
Consumer Goods 13.92 11.31
Consumer Services 10.75 1.88
Pharma 8.98 4.37
Automobile 5.67 5.03
Industrial Manufacturing 5.64 2.61
Cash 2.89 0.00
Others 11.23 30.87

Asset Allocation

Here is a table showing the Asset Allocation of the UTI Flexi Cap fund:

Company Weight (in %)
OTH 22.97
BAJAJ FINANCE LTD 5.74
LARSEN & TOUBRO INFOTECH LTD 5.06
HDFC BANK LTD 4.82
INFOSYS LTD 4.34
KOTAK MAHINDRA BANK LTD 4.12
ICICI Bank LTD 3.85
AVENUE SUPERMARTS LTD 3.51
HDFC LTD 3.41
MINDTREE LTD 3.04

Market Capitalization

Here is a table showing the market capitalization of the UTI Flexi Cap fund:

Overweight Underweight
Larsen & Toubro Infotech Ltd Axis Bank Ltd
Bajaj Finance Ltd Hindustan Unilever Ltd
Avenue Supermarts Ltd Larsen & Toubro Ltd
Mindtree Ltd Tata Consultancy Services Ltd
Coforge Ltd Reliance Industries Ltd

UTI Flexi Cap Fund NAV

Although the NAV of a Mutual Fund fluctuates daily, as of April 11, 2022, the NAV of UTI Flexi Cap Fund is 251.0461.

Comparison of Top Peers

To understand the returns offered by UTI Flexi Cap Funds, here is a comparison of top peers:

Fund Name 1-Year Return 3-Year Return
UTI Flexi-Cap Fund Regular Plan-Growth 15.55% 20.49%
IIFL Focused Equity Fund Regular-Growth 24.63% 23.48%
PGIM India Flexi-Cap Fund Regular-Growth 24.23% 25.74%
Parag Parikh Flexi-Cap Fund Regular-Growth 26.78% 26.33%

Taxability of Earnings

Gains in the Capital

  • Gains up to Rs. 1 lakh in a given financial year are tax-free if mutual fund units are sold after a year from the investment date. However, gains of more than Rs. 1 lakh are taxed at a 10% rate
  • If mutual fund units are sold within one year of when they were purchased, the full gain is taxed at a 15% rate
  • As long as you keep the units, you won't have to pay any Taxes

Dividends

Dividends get added to your Income and taxed as per your tax brackets. In addition, if your dividend income exceeds Rs. 5,000 in a calendar year, the fund house deducts a 10% TDS before releasing the dividend.

Suitability

You can expect gains that easily outperform Inflation and also returns from fixed-income choices if you invest for five or more years. However, be prepared for fluctuations in the value of your investment along the road.

This is a Flexi cap fund, which means the fund management team can invest in firms of various sizes based on where it expects to make the most money. Flexi cap funds are best suited for equities fund investors because the responsibility of stock selection is entirely in the hands of the fund management, which is the whole point of Investing in a mutual fund.

Who Should Invest in UTI Flexi Cap Funds?

These funds are best suited for:

  • Investors who want to diversify their primary stock Portfolio holdings by investing in high-quality businesses with the potential to provide long-term Economic Value
  • Those looking for a fund that takes a conservative approach to portfolio management while sticking to a bottom-up investment process
  • Those who wish to deal with the Volatility of the broader equities market

Conclusion

Keeping in mind its past performance and current rank, it can be said that the fund has produced expected results. However, regardless of the returns generated by this fund, you can ensure utmost consistency. Thus, if you wish to invest your surplus money in a fund with predictable outcomes, choosing UTI Flexi Cap Fund would be the correct choice.

Frequently Asked Questions (FAQs)

1. What is the expense ratio of UTI Flexi Cap Fund Direct-Growth?

A: As of April 11 2022, the expense ratio of UTI Flexi-Cap Fund Direct-Growth is 0.93%.

2. What is UTI Flexi Cap Fund Direct Growth's AUM?

A: As of April 11 2022, the Assets Under Management (AUM) of UTI Flexi Cap Fund Direct-Growth is 124,042.75 crores.

3. What is UTI Flexi Cap Fund Direct Growth's PE and PB ratio?

A: UTI Flexi-Cap Fund Direct Growth's PE ratio is calculated by dividing the market price by Earnings Per Share. In contrast, its PB ratio is calculated by dividing the stock price per share by Book Value Per Share (BVPS).

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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