UTI Mastershare was converted from a close-ended fund to an open-ended equity scheme in 20023 focussed on large-cap stocks. UTI Mastershare is now known as UTI Large Cap Fund. It carries a very high risk according to the risk-o-meter.
Returns on Rs 5k SIP
A monthly Systematic Investment Plan, or SIP, of Rs 5,000 made 10 years ago (nominal investment Rs 6 lakh) in this fund would have generated Rs 13,58,431 at an XIRR of 15.57%. The XIRR would have been, but it would have generated a big XIRR of 46.03% if the same SIP had been started just 1 year ago (nominal investment Rs 60,000 lakh), turning it into a total value of Rs 69,875.
The same SIP made 3 years ago (nominal investment Rs 1.8 lakh) would have generated a value of Rs 240,003, recording an XIRR of 20.61%. SIP of Rs 5,000 made 5 years ago (nominal investment Rs 3 lakh) would have fetched the investor a value of Rs 498,081. The XIRR would have been 20.52%.
Let’s see how the annualised returns of this fund have been down the years. From years 1 to 7, UTI Large Cap Fund delivered annualised returns in the following way – year 1: 28.58%, year 3: 14.25%, year 5: 19.02%, and year 7: 14.86%.
XIRR, or Extended Internal Rate of Return, is a method used to calculate returns on investments when multiple transactions happen at different times.
Portfolio composition
Its portfolio composition reveals that 71.08% of the fund is invested in giant stocks, while the category average is 72.27%. As much as 18.06% is in large-cap stocks (category average: 24.30%), 9.79% is in mid-cap stocks (category average: 5.41%) and only 1.06% funds is in small-cap stocks (category average: 3.41%). The average market cap of the fund in Rs 3,59,061 crore.
NAV
The Net Asset Value (NAV) on August 6, 2024 was Rs 271.3473. Right now, it has 96.85% of its fund in equities, 0.49% in debt and 2.65% in cash or cash equivalent. The top three sectors where it has invested more than 10% funds are financials (32.02%), technology (19.69%) and consumer discretionary (11.6%).
Top stocks
The top stocks that it has purchased include HDFC Bank, Infosys, ICICI, RIL, Bharti Airtel, Avenue Supermarts, IndusInd Bank, Kotak Bank, Bajaj Finance, Axis Bank, L&T and TCS.
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Launched in October 1986, UTI Mastershare was India’s first equity-oriented fund. It has a history of rewarding investors with dividends and bonus issues. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
