UTI Opportunities Fund - Invest Online
The scheme seeks to generate capital appreciation and/ or income distribution by investing the funds of the scheme in equity shares and equity related instruments. The focus of the scheme is to capitalize on opportunities arising in the market by responding to the dynamically changing Indian economy by moving its investments amongst different sectors as prevailing trends change.
Last year, the fund outperformed its benchmark by 8.9 percentage points, giving an annualised return of 41.2 per cent. It had a slow start initially, and it lagged behind its category average by 29.6 percentage points in 2006. However, it recovered soon in 2007, outracing its category average by 20.8 percentage points. Except for minor underperformance in 2012 and 2013, the fund has been beating the category year after year. It has mostly been a four-star- or five-star-rated fund. The average VR rating of the fund is 4.44.
The fund tries to invest in large cap companies (up to the 70th percentile of the market cap) and selectively in mid-sized companies. At least 80% of its assets is invested in large cap stocks and the balance in mid cap companies. The fund rarely, if ever, invest in companies with a market capitalization of less than R1,000 crore. It looks at companies with a market capitalization between R4,000-12,000 crore for investing in mid cap stocks.
The fund's portfolio is positioned for a gradual recovery in economic growth rather than a 'V' shaped recovery. As per the thought process of a gradual economic rejuvenation, the fund manager's focus is areas like roads; consumer discretionary; light engineering. IT services, is a sector where valuations are moderate and provides a 'hedge' if domestic growth remains sluggish longer than expected. The fund believes in the buy-and-hold approach. According to its January portfolio, it favours financial, technology, automobile and construction sectors.
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