Download - UTI Long Term Equity Fund (Tax Saving)
RiskometerThis product is suitable for investors who are seeking*:• Long term capital appreciation• Investment in equity instruments of companies that are believed
to have growth potential
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them
UTI Long Term Equity Fund (Tax Saving)(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
SCHEMECATEGORY
STOCKCONCENTRATION
INVESTMENTSTYLE
RISK / REWARDPOTENTIAL
BENCHMARK
LOWER RISKLOWER REWARD
MODERATE RISKMODERATE REWARD
HIGHER RISKHIGH REWARD
LowConcentration
(> 60 stocks)
Moderate
Concentration(40 - 60 stocks)
HighConcentration
(<40 stocks)
Market Cap based Fund
Style basedFund
Dividend Yield Fund
Sector Fund ELSS
Growth Blend Value
S&P BSE 100 Nifty 500
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS,READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
About Our Equity Investment Team
2
Vetri SubramaniamHead Equity & Fund Manager
Collective Work
Experience of
Investment Team
Over 260 Years
Average Work
Experience of
Fund Managers
Over 21 Years
Average Work
Experience of
Analysts
Over 10 Years
Sanjay DongreFund Manager
Swati Kulkarni, CFAFund Manager
Ajay Tyagi, CFAFund Manager
Sachin Trivedi, CFAHead of Research &Fund Manager
Amit Premchandani, CFAFund ManagerBanks, NBFCs, Cement
Kamal Gada, CFAFund ManagerOverseas InvestmentEnergy, Fertilizer, Media,Chemicals, Pharma
Vishal Chopda, CFAFund ManagerFMCG, QSR, Retail, Consumer Durable, Telecom
Parag Chavan, CFAResearch Analyst
Metals & Mining, Utilities, Building Materials, Sugar, Healthcare, Hotels
Preethi R SResearch AnalystAuto Ancillaries,Insurance, HFC & NBFCs
Sharwan Goyal, CFA Fund Manager
Deepesh AgarwalResearch AnalystCapital Goods, TextilesInfra - Construction
V SrivatsaFund Manager
Rajeev Kumar
GuptaFund Manager
Akash ShahResearch Associate
Ayush
HarbhajankaResearch Associate
Nitin JainResearch AnalystIT, Internet Sector,Oil & Gas
Ankit AgarwalFund Manager
FMCG – Fast-Moving Consumer Goods; QSR – Quick Service Restaurants; IT – Information Technology; HFC – Housing Finance Company; NBFC – Non-banking Finance Company
What are your Investment Objectives?
CAN I ALSO
SAVE TAXUPTO
` 46,800/-*
*As per the prevailing tax laws for FY 2020, eligible investors (Individual/ HUF) are entitled to deduction from their gross total income, of the amount invested in
equity linked saving scheme (ELSS) upto ` 1,50,000/- (along with other prescribed investments) under Section 80C of the Income Tax Act, 1961. Tax savings of
` 46,800/- shown above is calculated for the highest income tax slab. Tax benefits are subject to the provisions of the Income Tax Act, 1961 and are subject
to amendments, from time to time.3
Wealth
Creation
Income
Generation
Life
InsuranceLiquidity /
Emergency
How much TAX do you SAVE?
Income estimates for an individual less than 60 years of age. The above simulation is for illustration purpose only. As per the present tax laws, eligible investors(individual/ HUF) are entitled to deduction from their gross total income, of the amount invested in equity linked saving scheme (ELSS) upto `1,50,000/- (alongwith
other prescribed investments) under Section 80C of the Income Tax Act, 1961. Tax benefits are subject to the provisions of the Income Tax Act, 1961 and are
subject to amendments, from time to time.
Illustration on Investments across Tax Slab
Assumed Income Tax Rate - 30%Tax RebateNot Availed
(`)
Tax RebateAvailed
(`)
Gross Income 15,00,000 15,00,000
Investment in UTI LTEF (Tax Saving)Tax Rebate under Sec 80C of IT Act, 1961
- 1,50,000
Net Taxable Income 15,00,000 13,50,000
Net Tax Liability 2,62,500 2,17,500
Health & Education Cess @ 4% 10,500 8,700
Total Tax Liability 2,73,000 2,26,200
Tax Saved Nil 46,800
Save up to
` 46,800/-per annum by investing under Section 80C of the
Income Tax Act, 1961
4
Multiple Options: Under Section 80C of Income Tax Act, 1961
PPF- Public Provident Fund, EPF- Employees Provident Fund, VPF - Voluntary Provident Fund,
NSC - National Savings Certificate, Tax Saving Bank FDs – Tax Saving Bank Fixed Deposits
Equity Linked Savings
Schemes (ELSS)
USE THE RIGHT DOOR TO MEET YOUR FINANCIAL GOAL!
Wealth Creation +
Tax Saving
EQUITY FIXED INCOME OTHERS
PPF/EPF/VPF/NSC
Tax Saving Bank FDs,
PO Time Deposits,
Senior Citizen Savings
Income +
Tax Saving
Insurance & Pension Plans
(by MFs & Insurance Co.)
Life Cover,
Retirement etc,FOCUS
PRODUCT
5
How does it compare with other tax saving options?
Tax Saving optionsMinimum
Investment
Amount (Rs.)
Tenure / Lock in
period
Interest / Return
SIP Facility Maturity Amount Taxability
Equity Linked Savings Scheme (ELSS)
500/- 3 YearsMarket linked *
YesDividends & Long Term
Capital gains are tax free, subject to STT
Public Provident Fund (PPF)
500/- 15 Years** Fixed# Not available
Interest accrued is Tax-free
Tax-Saving Term Deposit withScheduled Banks
100/- 5 Years FixedNot
available
Interest is added to income and Taxed
accordingly
Infrastructure Bonds 5,000/- 3-10 Years FixedNot
available
Interest is added to income and Taxed
accordingly
National Savings Certificate (NSC)
100/- 5 Years Fixed# Not available
Interest is added to income and Taxed
accordingly##
* Market linked – Returns are subject to market risk.
** Premature withdrawal under PPF is available from 7th financial year. However, the full amount can be withdrawn after 15 years.# Reviewed periodically. ## The interest portion reinvested is also eligible for tax rebate u/s 80C of IT Act, 1961
Tax benefits are subject to the provisions of the Income Tax Act, 1961 and are subject to amendments, from time to time.
For more information on the tax provisions, please refer to prevailing IT laws .
SIP – Systematic Investment Plan, STT - Security Transaction Tax6
ELSS – A tax-efficient Multicap tool to optimize your portfolio
ELSS
Tax benefits underSection 80C
Only 3 years lock-in period
Benefit on Long term capital gains
High Return potential*
SIP Facility
* Subject to market risk.
**Tax free dividends as per the prevailing tax laws, pursuant to payment of dividend/issue of Bonus units, the NAV of the respective
options of the Schemes would fall to the extent of payout and statutory levy (if applicable)
ELSS – Equity Linked Saving Scheme, SIP – Systematic Investment Plan
Tax benefits u/s 80C under the Income Tax Act, 1961, exemptions are subject to prevailing tax laws 7
Holding equity investments over time reduces the downside risk
Rolling Returns with daily frequency of S&P BSE Sensex at different time frame as illustrated above (Data: January 1, 1981 to March 31, 2019).
CAGR – Compounded Annual Growth Rate. Source: MFI Explorer
Long term investment reduces the probability of negative returns
267%
In P
erc
en
tag
e
AverageReturns
Rolling returns of S&P BSE Sensex
8
-56%
-19%
-8%-3%
5%
7% 8%
83%
55%
35%26%
22% 20%19% 16% 16% 16%
15% 14% 15%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
1 Year 3 Years 5 Years 10 Years 15 Years 20 Years 25 Years
Lowest Returns Highest Returns Average Returns
29% 13% 9% 1% 0% 0%
Rolling Returns
Probability of Negative
Returns0%
Product Positioning
Return Level
Ris
k L
ev
el
Arbitrage Fund
Aggressive Hybrid Fund
Large Cap Fund
Large & Mid Cap Fund
Multi Cap Fund (with Tax Benefits*)
Dividend Yield Fund
Multi Asset Fund
Mid Cap Fund
Thematic Fund
Sector Fund
UTI Long Term
Equity Fund
(Tax Saving)
9
*As per the prevailing tax laws for FY 2020, eligible investors (Individual/ HUF) are entitled to deduction from their gross total income, of the amount invested in
equity linked saving scheme (ELSS) upto ` 1,50,000/- (along with other prescribed investments) under Section 80C of the Income Tax Act, 1961. Tax savings of
` 46,800/- shown above is calculated for the highest income tax slab. Tax benefits are subject to the provisions of the Income Tax Act, 1961 and are subject
to amendments, from time to time.
Not more than 9.5% in a given stock and
not more than 50% in the top 10 stocks
10% of the portfolio
Not more than 7% of company’s equity .
Cash Limit
Cap Exposure
Company Exposure
Stock Weights
Sector Weights
35% or Benchmark plus 12%
(Whichever is Lower)
Fund Digest
An Equity Linked Saving Scheme (ELSS) provides a
dual benefit of sound return potential by investing in
equity securities and also avail tax exemptions.
ELSS also offers shortest lock-in period compared to
the traditional tax savings avenues (statutory lock-in
period of 3 years).
The lock-in period minimises the risk of market
volatility in the short term, thus ensures the focus on
wealth creation over long periods.
The Fund attempts to invest in businesses having
healthy return ratios, cash flows and sound
management, with an aim to provide superior risk
adjusted return.
The Fund has a flexibility to position itself actively
across the market cap spectrum
Investment Framework
Above limits are internal prudential norms
Healthy balance between
Large caps (65%-55%) & Mid/Small caps
10Tax benefits are subject to the provisions of the Income Tax Act, 1961 and are subject to amendments, from time to time.
UTI Long Term Equity Fund (Tax Saving) – Fund Facts
An open ended equity linked
saving scheme with a statutory
lock in of 3 years and tax benefit
Type of scheme
15th December, 1999
Fund Inception
Fund Manager
Nifty 500
Benchmark
` 500/- and in multiples of `500/-
Subsequent min. investment,`500/- and in multiples of `500/-
Minimum Investment
Mr. Vetri Subramaniam, B. Com., PGDM
(Managing since Sep 2017)
Mr. Vishal Chopda, CFA, BE, PGDM
(Managing since Aug 2019)
Investment Objective
The primary objective of the scheme is to invest predominantly
in equity and equity related securities of companies across the
market capitalization spectrum. Securities shall also include
fully/ partly convertible debentures/ bonds.
Asset Allocation
Instruments
Indicative Allocation (% of total assets)
Risk ProfileMinimum
Allocation (%)
Maximum Allocation
(%)
Equity and Equity Related Instruments 80 100
Medium
to High
Money Market
instruments and other
liquid instruments
0 20Low to
Medium
Fund Size:
Monthly Avg. AuM : ` 1,288 Crores
Last Day AuM : ` 1,309 Crores
No. of Unit Folios : 1,72,096
Fund Snapshot
Market Capitalisation (%)
Quantitative Indicators
66
No. of Stocks32.11% / 43.97%
Top 5 / Top10 Stocks
Fund Facts (contd.)
OCF
C1 : 87%
C2 : 13%
C3 : 0%
ROCE
R1 : 55%
R2 : 36%
R3 : 9%
Portfolio Composition#
Fund BM
Beta : 0.97 1.00
SD (3 Years) : 12.54% 12.36%
PTR (Annual) : 44.00% -
Sharpe Ratio : 0.47% -
Fund BM
Large : 65 81
Mid : 25 13
Small : 10 6
Nifty 500UTI Long Term Equity
Fund (Tax Saving)
Active Share : 61.22%
12
Price to
Earnings
Price to
Book
Return on
Equity
Avg. AuM – Average Asset under Management, SD – Standard Deviation, PTR – Portfolio Turnover Ratio, Market cap – Market Capitalisation, ROCE – Return on
Capital Employed. # Operating Cash Flow Tiers (C)- 3 Tiers based on the number of years in which they have generated positive operating cash flows in the previous 5
years (for manufacturing companies). RoCE/ Implied RoE Tiers (R) - 3 Tiers based on the previous 5 year average return on capital (for manufacturing companies &
non-lending non banking finance companies (NBFCs)) & based on the previous 5 year average return on asset for banks & NBFCs (including housing finance
companies). All data are as of December 31, 2019
5.76 4.71
32.37 32.21
17.03 15.97
Portfolio
Equity Top 20 Holdings
STOCK NAME SECTOR % to NAV Act. Wt %
ICICI BANK LTD FINANCIAL SERVICES 8.74 3.84
HDFC BANK LIMITED FINANCIAL SERVICES 8.65 0.91
AXIS BANK LTD. FINANCIAL SERVICES 5.71 3.35
INFOSYS LTD. IT 5.50 1.74
ITC LTD. CONSUMER GOODS 3.51 0.59
INDUSIND BANK FINANCIAL SERVICES 3.05 1.77
GUJARAT GAS LTD ENERGY 2.58 2.52
MUTHOOT FINANCE LTD. FINANCIAL SERVICES 2.22 2.10
BHARTI AIRTEL LTD. TELECOM 2.12 0.90
NTPC LTD. ENERGY 1.89 1.14
MARUTI SUZUKI INDIA LTD. AUTOMOBILE 1.87 0.49
PETRONET LNG LTD. ENERGY 1.81 1.53
ESSEL PROPACK LTD. IND. MANUFACTURING 1.77 1.76
C G CONSUMER. ELEC. CONSUMER GOODS 1.72 1.58
JUBILANT FOODWORKS LTD. CONSUMER GOODS 1.67 1.49
ADITYA BIRLA FASH. & RETAIL CONSUMER GOODS 1.59 1.49
PHOENIX MILLS LTD CONSTRUCTION 1.54 1.47
EICHER MOTORS LTD AUTOMOBILE 1.50 1.06
LARSEN & TOUBRO INFOTECH IT 1.49 1.39
SHREE CEMENT LTD. CEMENT & PRODUCTS 1.48 1.10
Portfolio above shows Top 20 equity holdings under the scheme, for detailed portfolio visit www.utimf.com
Act. Wt % - Active Weight % (as compared to the Benchmark Index – Nifty 500)
Data as of December 31, 2019
Small Cap Holdings
STOCK NAME SECTOR % to NAV
ESSEL PROPACK LTD IND. MANUFACTURING 1.77
SHEELA FOAM LTD. CONSUMER GOODS 0.81
ESCORTS LTD. AUTOMOBILE 0.77
CARBORANDUM UNIVERSAL IND. MANUFACTURING 0.73
MULTI COMM. EXC. OF INDIA FINANCIAL SERVICES 0.72
TUBE INVESTMENTS OF INDIA AUTOMOBILE 0.70
VARDHMAN TEXTILES LTD. TEXTILES 0.62
EQUITAS HOLDINGS LTD FINANCIAL SERVICES 0.56
JYOTHY LABS LTD. CONSUMER GOODS 0.55
CHALET HOTELS LTD SERVICES 0.54
CERA SANITARYWARE LTD. CONSTRUCTION 0.51
HERITAGE FOODS LTD. CONSUMER GOODS 0.50
CHAMBAL FERT. & CHEM. LTD FERTILISERS & PESTICIDES 0.39
WONDERLA HOLIDAYS LTD SERVICES 0.32
VOLTAMP TRANSFORMERS LTD. IND. MANUFACTURING 0.31
KNR CONSTRUCTIONS LTD CONSTRUCTION 0.26
13
Portfolio Snapshot
Sectoral Breakdown (%)(As compared to Benchmark)
Data as of December 31, 2019
Active Stock Position(As compared to Benchmark)
Overweight (Top 5)
Underweight (Top 5)
STOCK NAME SECTOR% to
NAV
Act. Wt
%
ICICI BANK LTD FINANCIAL SERVICES 8.74 3.84
AXIS BANK LTD. FINANCIAL SERVICES 5.71 3.35
GUJARAT GAS LTD ENERGY 2.58 2.52
MUTHOOT FINANCE LTD. FINANCIAL SERVICES 2.22 2.10
INDUSIND BANK FINANCIAL SERVICES 3.05 1.77
STOCK NAME SECTOR% to
NAV
Act. Wt
%
RELIANCE INDUSTRIES LTD. ENERGY - 6.88
HDFC LTD. FINANCIAL SERVICES - 5.85
TATA CONS. SERVICES IT - 3.19
KOTAK MAHINDRA BANK FINANCIAL SERVICES - 3.17
LARSEN & TOUBRO LTD. CONSTRUCTION - 2.25
14
Active Weight
1
2
2
2
2
3
3
3
5
7
9
11
14
34
0
0
1
-1
0
1
1
0
1
1
-1
-1
0
-3
0 10 20 30 40 50 60
TEXTILES
SERVICES
FERTILISERS & PESTICIDES
METALS
TELECOM
CEMENT & CEMENT PRODUCTS
INDUSTRIAL MANUFACTURING
CONSTRUCTION
PHARMA
AUTOMOBILE
IT
ENERGY
CONSUMER GOODS
FINANCIAL SERVICES
UTI Long Term Equity Fund ( Tax Saving )
Portfolio Snippets
Portfolio Commentary
Major Portfolio Changes (over the previous quarter)
• HDFC Bank Ltd.• Petronet LNG Ltd.• Torrent Power Ltd.
Increase in Allocation(Top 3 Stocks)
Decrease in Allocation(Top 3 Stocks)
• Financial Services• IT• Consumer Goods
Increase in Allocation(Top 3 Sectors)
Decrease in Allocation
• Essel Propack Ltd.• Bajaj Finance Ltd.• Jyothi Labs Ltd.• Cera Sanitaryware Ltd.• Heritage Foods Ltd.
Stocks Entered(Top 5 Stocks)
• Reliance Industries Ltd.• Siemens India Ltd.• Acc Ltd.• Trent Ltd.• Cipla Ltd.
Stocks Exited(Top 5 Stocks)
• Vedanta Ltd.• Equitas Holdings Ltd.• Maruti Suzuki India Ltd.
• Cement Products• Automobiles• Metals
15
OW – Over Weight, UW – Under Weight, NCLT - National Company Law Tribunal, QSR – Quick Service Restaurant,
IT – Information Technology, PV – Passenger Vehicle, 2W – 2 Wheelers, CV – Commercial Vehicle
Data as of December 31, 2019
Fund is OW private sector banks and UW public sector banks. Fund expects credit
costs to normalize going ahead with large slippages behind us and resolution of
few NCLT cases. Structural trend of market share shift from public sector banks to
private sector banks is expected to continue and can accelerate in near term as
some of the public sector banks will be occupied with managing the mergers.
Fund is OW consumer discretionary and UW consumer staples. The sector,
especially staples, has seen slowdown in growth led by weakness in rural demand.
Small ticket discretionary purchases (QSR, Apparel, Multiplexes) have not seen any
material slowdown due to combination of low penetration levels and exposure
largely to urban India.
Fund is OW gas companies and UW petchem and refining. Fund remains positive
on increasing gas penetration in India led by regulatory support. Petchem and
refining segment is currently going through cyclical downturn led by global
demand supply mismatch.
Long term growth outlook for the IT sector remains positive but there are near term
headwinds in banking and retail verticals. Sector has seen margin decline over the
last few years and the fund expects margins to remain stable over near term.
Auto sector has gone through sharp downturn with all sub sectors (PV, 2W, CV,
Tractor) seeing volume decline which is sharpest in many years. Fund expects
recovery in sector gradually as manufacturers transition from BS4 to BS6 technology.
Fund has a mix of PV, 2W, Tractor, B2C ancillaries and B2B ancillaries in the portfolio.
-56%
-12%-2%
6%
90%
43%
19% 16%
-70%
-50%
-30%
-10%
10%
30%
50%
70%
90%
1 Year 3 Years 5 Years 10 Years
Lowest Highest Median
Rolling Return Analysis
16
Rolling Returns with daily frequency of UTI Long Term Equity Fund (Tax Saving) at different time frame as mentioned above.
CAGR – Compounded Annual Growth Rate. Data period: December 1, 2009 to December 31, 2019. Different plans have a different expense
structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future.
Rolling Returns of UTI Long Term Equity Fund (Tax Saving) – 10 Years Period
Median Rolling Returns(CAGR)
11% 10% 10%12%
Probability of
-ve Returns
Over 8%
24% 9% 3%
57% 58% 73%
0%
86%
Data as of December 31, 2019
The above value is calculated on the basis of the return from growth option of the scheme. Past performance may or may not be sustained in
future. CAGR - Compounded Annualized Growth Rate. Inception of UTI Long Term Equity Fund (Tax Saving) : December 15th, 1999
One time investment of ` 10,000/- made at the time of launch of the Scheme i.e., December 15, 1999
Total Value of investment under UTI LTEF (Tax Saving) – ` 1,44,949/- as against ` 1,22,382/- under Nifty 500 TRI as on 31/12/2019
` 10,000 Invested at Inception: UTI Long Term Equity Fund (Tax Saving) Vs Nifty 500 TRI
Performance Track Record
17
UTI Long Term Equity Fund (Tax Saving) Performance Vs Benchmark as of 31/12/2019
Period
Fund Performance Vs Benchmark Growth of ` 10,000/-
NAV (%)
Nifty 500 TRI (%)
Nifty 50 TRI(%)
NAV (`)
Nifty 500 TRI (`)
Nifty 50 TRI(`)
1 Year 10.35 8.97 13.48 11,035 10,897 11,348
3 Years 11.17 13.65 15.65 13,739 14,679 15,468
5 Years 7.80 9.11 9.38 14,561 15,468 15,660
Since Inception 14.26 13.30 12.95 1,44,949 1,22,382 1,15,018
Performance of other funds managed by the Fund Managers (as of 31/12/2019)
18
Performance of other open-ended schemes managed by the Fund Manager Mr. Vishal Chopda
SchemeInception
Date
Managing the
Fund SinceBenchmark
1 Year (%) 3 Years (%) 5 Years (%)
Fund Benchmark Fund Benchmark Fund Benchmark
UTI India Consumer Fund 30-Jul-07 Aug-19Nifty India
Consumption5.78 0.55 11.03 13.43 6.75 9.43
a. Mr. Vishal Chopda manages 4 open-ended schemes of UTI Mutual Funds. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.c. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).
Performance of other open-ended schemes managed by the Fund Manager Mr. Vetri Subramaniam
SchemeInception
Date
Managing the
Fund SinceBenchmark
1 Year (%) 3 Years (%) 5 Years (%)
Fund Benchmark Fund Benchmark Fund Benchmark
UTI Value Opportunities Fund(along with Mr. Amit Premchandani)
20-Jul-05 Feb-17 Nifty 500 TRI 10.40 8.97 11.61 13.65 6.05 9.11
a. Mr. Vetri Subramaniam manages 4 open-ended schemes of UTI Mutual Fund. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.c. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).
Performance of other open-ended schemes managed by both Mr. Vetri Subramaniam & Mr. Vishal Chopda
SchemeInception
Date
Managing the
Fund SinceBenchmark
1 Year (%) 3 Years (%) 5 Years (%)
Fund Benchmark Fund Benchmark Fund Benchmark
UTI CCF – Savings Plan 12-Jul-93 Aug-19
CRISIL Short Term
Debt Hybrid 60+40
Fund Index
3.20 10.03 5.64 10.38 6.78 8.94
UTI CCF – Investment Plan 30-Jan-08 Aug-19 Nifty 500 TRI 6.89 8.97 12.25 13.65 8.00 9.11
Why Invest in UTI Long Term Equity Fund (Tax Saving)?
Tax Advantage*
Investment of up to Rs. 1.50 lakh in the scheme is eligible for tax benefits under sec 80C of theIncome Tax Act 1961
Performance Track Record
Over 20 years of performance track record across market cycles
Active Portfolio Management
Scheme follows a well defined investment criteria that limits excessive concentration at sectorand stock level
Dividend Track Record#
Fund has given a total of 374.50% (cumulative) dividends since 2001
* Tax benefits u/s 80C under the Income Tax Act, 1961/ exemptions are subject to prevailing tax laws
# Pursuant to payment of dividend, the NAV of the respective options of the schemes would fall to the extent of payout and statutory levy (if
applicable). Distribution of dividend is subject to trustee’s approval and availability of distributable surplus. Data as on December 31, 2019 19
Thank YouThe information contained in this document is for general purposes only and is not an offer to sell or a solicitation to buy/ sell any mutual fund units /
securities. The information / data here in alone are not sufficient and should not be used for the development or implementation of an investment
strategy. The same should not be construed as investment advice to any party.
REGISTERED OFFICE: UTI Tower, ‘Gn’ Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Phone: 022 – 66786666. UTI Asset Management Company
Ltd (Investment Manager for UTI Mutual Fund) Email: [email protected] . (CIN-U65991MH2002PLC137867). For more information, please contact the nearest
UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund Independent Financial Advisor (IFA) for a copy of the Statement of Additional
Information, Scheme Information Document and Key Information Memorandum cum Application Form.
Disclaimers: The information on this document is provided for information purposes only. It does not constitute any offer, recommendation or solicitation
to any person to enter into any transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future
movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration. Users of this
document should seek advice regarding the appropriateness of investing in any securities, financial instruments or investment strategies referred to on
this document and should understand that statements regarding future prospects may not be realized. The recipient of this material is solely responsible
for any action taken based on this material. Opinions, projections and estimates are subject to change without notice.
UTI AMC Ltd is not an investment adviser, and is not purporting to provide you with investment, legal or tax advice. UTI AMC Ltd or UTI Mutual Fund
(acting through UTI Trustee Company Pvt. Ltd) accepts no liability and will not be liable for any loss or damage arising directly or indirectly (including
special, incidental or consequential loss or damage) from your use of this document, howsoever arising, and including any loss, damage or expense
arising from, but not limited to, any defect, error, imperfection, fault, mistake or inaccuracy with this document, its contents or associated services, or due
to any unavailability of the document or any part thereof or any contents or associated services.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.