UTI Midcap MF: Fund with a growth bias

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 82655165 82655175Where the fund invests 82655196Basic factsDate of launch: 4 July 2004Category: EquityType: Mid-capAUM (As on 30 Apr 2021): Rs 5,205 croreBenchmark: NIFTY Midcap 150 Total Return IndexWhat it costsNAV (As on 11 May 2021)Growth option: Rs 149.6147IDCW: Rs 70.799Minimum sip amount: Rs 5000Expense ratio (As on 31 Mar 2021) (%): 2.21Exit load: 1% for redemption within 364 daysFund Managers: Ankit AgarwalTenure: 1 years, 8 months Top 5 sectors in portfolio (%) 82655201Top 5 stocks in portfolio (%) 82655206Recent portfolio changesNew entrants: Ashok Leyland, Grindwell Norton, PNC Infratech, Schaeffler India, Coforge, CreditAccess Grameen, Shriram Transport Finance.Complete exits: Chambal Fertilisers & Chemicals, Indraprastha Gas, Jyothy Labs, Rane Holdings, Torrent Power, Multi Commodity Exchange India.Additions: United Breweries, Crompton Greaves Consumer Electricals, Grindwell Norton, APL Apollo Tubes, VIP Industries, Federal Bank, Bharat Forge, TeamLease Services, Ashok Leyland, IFB Industries.How risky is it? 82655211Should you buy?This mid-cap fund follows a blend of growth and value style with a growth bias. Its preference is for businesses with scalable business models with long growth runway but remains open for companies going through transitory phase of weakness or transformational change. The portfolio is heavily diversified with modest positions even in top bets. It is sector agnostic and retains flexibility to stay invested in stocks graduating to large cap status. Its performance has been rather weak in recent years. The new fund manager has been at the helm for only a short time and needs time to prove execution capabilities. Source: Value Research

from Economic Times https://ift.tt/3fsaIw9