March 2009 UTI DIVIDEND YIELD INVESTMENT OBJECTIVE
An Open ended equity scheme which aims to provide medium to long term capital gains and/or dividend distribution by investing predominantly in equity and equity related instruments which offer high dividend yield.
Product Guide
Specialty Diversified Equity Fund BASIC DETAILS
Fund Inception 03-May-05 Fund Manager Swati Kulkarni NAV (Rs) 15.14 Benchmark BSE 100 Status Open-end Plans Growth, Dividend Number of dividends in last 3 years 7 Minimum Investment (Rs) 5000 Minimum SIP Investment (Rs) 500 Entry Load: 2.25% for investment below Rs. 2 Cr. Exit Load: 1% for redemption between 0 - 180 days and investment below Rs. 2 Cr. and 0.5% for redemption between 0 - 180 days and investment of Rs. 2 Cr. and above
FUND CHARACTERISTICS
Specialty diversified equity funds invest in stocks of a predefined character. UTI Dividend Yield Fund invests predominantly in high dividend yielding stocks. The fund looks for a yield that exceeds the composite yield on the securities comprising the S&P CNX Nifty Index at the time of investment. Seeks reasonable income and also considers the potential for capital appreciation. The mandate of investing in income-producing equity securities typically leads to a portfolio of value stocks.
PERFORMANCE VIS-A-VIS BENCHMARK RISK ANALYSIS
Standard Deviation R-Squared Sharpe Ratio Beta Alpha Fund 28.67 0.89 -0.02 0.86 3.05 BSE 100 32.93 -0.17 -
Based on 36-month period
RETURNS (%) CALENDAR YEAR RETURNS (%)
2009* Total Return (%) BSE 100 (%) Net Assets (Rs.Cr) 2.02 -0.91 875.48 2008 -44.44 -55.28 838.25 2007 70.56 59.74 952.96 2006 20.65 40.97 517.36 2005 503.84 2004 3 Month 6 Month 1 Year 3 Year 5 Year Since Launch Fund 2.02 -13.44 -22.36 0.56 11.18 BSE 100 -0.91 -26.14 -39.97 -5.75 10.49
*year to date as on 31 March 2009
QUARTERLY RETURNS (%)
Year 2009 2008 2007 2006 2005 Mar 2.02 -26.99 -0.26 14.71 Jun -9.49 14.85 -16.59 Sep -0.91 15.27 21.58 20.32 Dec -15.15 29.16 3.71 9.08
SIP RETURNS
Period 1 Year 3 Year 5 Year SIP of Rs 500 per Month
Amount Invested Value of Investment
HISTORICAL RISK/RETURN
12 9 Annualised Return 6 3 0 -3 -6
BSE 100
6,000 18,000 -
5,532 16,259 -
BEST/WORST RETURN (%)
Best
Period Fund BSE 100 Period
0 12 20 26 32 Annualised Std Dev
38
44
Worst
Fund
1 Month 3 Month 1 Year
14/09/07 - 16/10/07 21/08/07 - 20/11/07 12/12/06 - 12/12/07
23.53 44.26 74.90
22.95 43.86 69.71
12/05/06 - 13/06/06 -28.67 04/01/08 - 04/04/08 -30.20 19/11/07 - 18/11/08 -44.78
-27.79 -29.37 -56.55
UTI Dividend Yield BSE 100 Based on 36-month period
Returns up to 1 year are absolute and those above 1 year are annualised All data as on March 31, 2009
March 2009 UTI DIVIDEND YIELD PORTFOLIO ANALYSIS
Top 15 Stock Holdings
Company ONGC ITC State Bank of India GAIL Hero Honda Motors Indian Oil Corp. Infosys Technologies Hindustan Unilever ICICI Bank HDFC Bajaj Auto Glaxosmithkline Pharma Great Eastern Shipping Co. Union Bank of India Bharat Electronics % 4.86 4.79 4.76 4.32 3.69 3.57 2.84 2.40 2.23 2.08 2.00 1.99 1.87 1.86 1.78
Product Guide
Specialty Diversified Equity Fund
Top Sector Break-up
Sector Banks Consumer Non Durables Automobiles Oil Software Petroleum Products Gas Utilities Finance Power Fertilisers Minerals/ Mining Transportation Pharmaceuticals Cement Industrial Capital Goods Fund 14.09 11.48 6.39 5.47 5.10 4.72 4.32 4.09 3.46 3.46 2.57 2.28 2.13 1.86 1.78 BSE 100 14.06 9.35 4.13 4.41 9.44 15.14 2.03 5.05 5.44 0.26 0.73 0.27 4.03 2.71 7.74
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
PERFORMANCE VIS-A-VIS PEERS
PORTFOLIO CHARACTERISTICS IN THE LAST 8 QUARTERS
Mar 09 Total Stocks Avg Mkt Cap(Cr.) P/E Ratio (Times) P/B Ratio (Times) 51 16347 11.33 3.00 22.42 35.54 45.18 61.31 30.21 8.49 Dec 08 49 14760 10.80 3.40 19.78 31.89 43.27 59.20 30.75 10.05 Sep 08 46 16320 13.16 3.36 19.01 31.33 37.87 55.16 35.78 9.06 Jun 08 43 13468 14.08 3.17 19.09 34.9 38.22 53.78 34.31 11.91 Mar 08 41 13351 16.41 3.45 20.42 37.04 49.94 46.11 40.22 13.67 Dec 07 38 18430 28.54 5.02 23.66 42.98 57.53 48.11 34.89 17.00 Sep 07 38 13327 29.40 4.41 21.34 38.03 51.15 53.55 38.12 8.20 Jun 07 31 9075 18.29 3.75 24.28 42.19 43.3 43.58 45.94 10.48
ALLOCATION (%)
Top 5 Holdings Top 10 Holdings Top 3 Sectors Large Cap Stocks Mid Cap Stocks Small Cap Stocks
Classification of Stocks into Large, Mid and Small Caps: All the stocks listed on BSE are considered and arranged in the descending order of market capitalisation. All the stocks that account for 70% of the total market capitalisation are classified as Large Cap stocks, those between 70 and 90% are classified as Mid Caps and those accounting for next 10% are classified as Small Caps. Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the funds may go up and down depending upon the factors affecting the securities markets.
March 2009 UTI DIVIDEND YIELD
Product Guide
Specialty Diversified Equity Fund
FUND CLASSIFICATION
FUND PROFILE
Cap Exposure: At least 80% of the portfolio to comprise of BSE 200 constituents Cap Classification: Large Cap- Top 100 stocks by market cap; Mid Cap- Next 100 stocks by market cap; Remaining are Small Cap Sector Weightage: Not more than 25% in one sector Stock Weightage: Not more than 8% in one stock, and not more than 55% in top 10 stocks Number of Stocks: Minimum 35 Benchmark: BSE 100
Core Fund
Core funds should form at least 50% of an investor’s portfolio One core fund should not exceed 25% of the portfolio
PEER PRODUCT SET
Fund Escorts High Yield Equity Fortis Dividend Yield HDFC Capital Builder ICICI Prudential Discovery ING Contra ING Dividend Yield Kotak Contra Principal Dividend Yield Tata Contra Tata Dividend Yield Tata Equity PE UTI Contra UTI Dividend Yield UTI Master Value Market Cap (Rs Cr) 3706 7720 8297 11340 2249 7606 5432 14006 4305 8948 4254 6725 16404 15163 1791 PE Score 10.75 12.06 17.12 16.81 11.22 14.80 10.37 19.75 12.17 17.34 12.18 14.24 16.41 13.19 13.40 Large Cap 22.16 33.47 37.34 45.83 18.99 37.70 35.06 50.50 28.35 46.87 25.38 40.58 67.63 57.33 14.49 Mid Cap 45.46 52.25 47.01 40.97 34.44 40.66 41.61 36.42 40.79 39.27 54.52 36.74 18.10 31.96 24.76 Small Cap 32.05 14.27 15.65 13.09 46.58 21.65 23.13 12.84 30.86 13.85 20.10 22.69 14.27 10.72 60.76 Growth 51.81 46.59 46.29 72.67 62.26 59.11 44.43 66.17 56.34 54.16 44.09 47.85 55.87 53.47 83.15 Value 28.04 40.24 28.43 8.62 23.64 26.14 39.48 19.70 29.42 23.99 40.52 34.55 27.28 28.49 8.12 Blend 8.69 11.78 10.05 15.80 11.81 8.82 8.88 9.66 14.25 13.74 12.58 12.67 11.26 13.26 6.36 Birla Sun Life Dividend Yield Plus
Above figures are averages for 12- month period ending March 31, 2009
Data as per Value Research classifications
Scheme Specific Risk Factors Risk associated with high dividend yield stocks: Though the investments would be in companies having a track record of dividend payments, the performance of the scheme would inter-alia depend on the ability of these companies to sustain dividends in future. These stocks, at times, may be relatively less liquid as compared to growth stocks. Common Risk: 1. 2. UTI Dividend Yield Fund is only the name of the scheme of UTI Mutual Fund and does not in any manner indicate the quality of the scheme, its future prospects and returns. The scheme is subject to risks relating to Credit, Interest Rates, Liquidity, Reinvestment risks, Securities Lending and investment in Overseas Markets, Trading in debt and derivatives (the scheme specific risk could be Credit, Interest Rates, Illiquidity, Judgemental Error, Interest Rate Swaps and Forward Rate Agreements). Past performance of the sponsor/scheme/AMC is not necessarily indicative of future results. There may be instances where no income distribution could be made. Please read the Offer Document carefully before investing.
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