• Business

    • UTI Top 100 Fund Generates Healthy Returns

    By on July 13, 2017

    KOCHI:
    UTI Master Growth Unit Scheme that was launched on January 18, 1993 became UTI Top 100 from 20 May 2009 with some changes.
    UTI Top 100 Fund invests predominantly in top 100 stocks by market capitalization while investing the balance portion in small and midcap stocks. The Scheme takes active overweight or underweight bets in order to outperform the benchmark over long term. The fund manager of the scheme is V Srivatsa.
    A lump sum investment of Rs.10000 made in May 2009 would have appreciated to Rs.27048 as on June 30, 2017 as against Rs.23313 of benchmark, S& P BSE100.
    As on June 30, 2017, the scheme’s top holding consists of well known and researched companies like HDFC Bank, ITC, Infosys, ICICI Bank, Aditya Birla Nuvo, Sun Phama, Maruti Suzuki India, Mahindra & Mahindra Ltd, Indus Ind Bank and L&T.

    Iscea

    more recommended stories