March 2009 UTI EQUITY TAX SAVING INVESTMENT OBJECTIVE
An open-ended equity fund investing a minimum of 80% in equity related instruments. It Aims at enabling members to avail tax rebate under Section 80C of the IT Act and provide them with the benefits of growth.
Product Guide
Tax Planning Fund BASIC DETAILS
Fund Inception Fund Manager NAV (Rs) Benchmark Status cap companies. Maintains fair diversification across stocks and sectors at all times. Suitable for investors who seek capital appreciation from a well-diversified portfolio of equity stocks, along with tax exemptions under Section 80C of the IT Act. Plans Minimum Investment (Rs) Minimum SIP Investment (Rs) Cr. Exit Load: Nil Number of dividends in last 3 years 15-Dec-99 Swati Kulkarni 21.35 BSE 100 Open-end Growth, Dividend 2 5000 500
FUND CHARACTERISTICS
Diversified equity funds are portfolios of diverse stocks across sectors and capitalization segments. UTI Equity Tax Savings Plan is a versatile equity fund which seeks to invest in stocks of companies across the entire market capitalization spectrum, from small, emerging growth companies to well-established, large-
Entry Load: 2.25% for investment below Rs. 2
PERFORMANCE VIS-A-VIS BENCHMARK RISK ANALYSIS
Standard Deviation R-Squared Sharpe Ratio Beta Alpha Fund 28.77 0.94 -0.42 0.89 -8.48 BSE 100 32.93 -0.17 -
Based on 36-month period
RETURNS (%) CALENDAR YEAR RETURNS (%)
2009* Total Return (%) BSE 100 (%) Net Assets (Rs.Cr) 0.52 -0.91 245.86 2008 -54.67 -55.28 218.35 2007 50.92 59.74 472.24 2006 18.56 40.97 288.19 2005 46.72 38.35 98.16 2004 29.48 16.44 3 Month 6 Month 1 Year 3 Year 5 Year Since Launch Fund 0.52 -22.5 -37.68 -10.61 8.9 13.9 BSE 100 -0.91 -26.14 -39.97 -5.75 10.75 8.26
*year to date as on 31 March 2009
QUARTERLY RETURNS (%)
Year 2009 2008 2007 2006 2005 Mar 0.52 -26.89 -9.05 14.13 0.56 Jun -12.84 14.16 -16.33 8.75 Sep -7.74 17.71 13.19 22.03 Dec -22.90 23.48 9.68 9.95
SIP RETURNS
Period 1 Year 3 Year 5 Year SIP of Rs 500 per Month
Amount Invested Value of Investment
HISTORICAL RISK/RETURN
0 -5 Annualised Return -10 -15 -20 -25 -30
BSE 100
6,000 18,000 30,000
5,126 13,148 27,184
BEST/WORST RETURN (%)
Best
Period Fund BSE 100 Period
Worst
Fund
0 10
1 Month 3 Month 1 Year
27/01/00 - 28/02/00 21/08/07 - 20/11/07
34.86 38.81
19.41 43.86 117.67
12/05/06 - 13/06/06 -31.25 24/02/00 - 25/05/00 -39.49 14/01/08 - 13/01/09 -56.22
-27.79 -45.19 -58.94
20 30 40 50 Annualised Std Dev
BSE 100
60
UTI Equity Tax Savings
Based on 36-month period
24/04/03 - 23/04/04 117.49
Returns up to 1 year are absolute and those above 1 year are annualised All data as on March 31, 2009
Value Research Analytics
March 2009 UTI EQUITY TAX SAVING PORTFOLIO ANALYSIS
Top 15 Stock Holdings
Company Bharti Airtel BHEL ITC Reliance Industries State Bank of India Larsen & Toubro Infosys Technologies ICICI Bank Bharat Electronics ONGC Gujarat State Petronet HDFC Hero Honda Motors HDFC Bank Maruti Suzuki India % 4.69 4.41 3.71 3.62 3.24 2.45 2.42 2.33 2.14 2.14 2.10 2.06 2.02 1.78 1.71
Product Guide
Tax Planning Fund
Sector Break-up
Sector Industrial Capital Goods Banks Petroleum Products Automobiles Telecom - Services Consumer Non Durables Software Oil Cement Finance Gas Utilities Non - Ferrous Metals Ferrous Metals Textile Products Power Fund 11.44 7.35 6.41 5.16 4.69 4.11 3.99 2.81 2.74 2.46 2.10 1.31 1.14 0.93 0.88 Indicates a new holding since last portfolio BSE 100 7.74 14.06 15.14 4.13 6.66 9.35 9.44 4.41 2.71 5.05 2.03 1.84 2.91 0.28 5.44
Indicates an increase or decrease or no change in 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) 45 24255 13.96 2.78 19.67 31.15 29.5 76.40 17.40 5.50 Dec 08 44 23362 13.49 2.76 23.42 37.07 32.78 74.06 16.67 8.50 Sep 08 42 25894 18.40 3.86 24.04 38.92 34.53 71.67 20.52 6.90 Jun 08 43 23664 21.51 4.65 22.39 37.21 33.32 74.66 15.73 8.66 Mar 08 43 24378 26.58 5.33 21.84 36.71 40.12 67.16 22.00 9.69 Dec 07 39 26816 42.39 7.98 23.6 39.42 42.68 64.89 22.44 10.87 Sep 07 39 22003 35.78 6.69 24.79 41.86 33.81 67.14 18.48 12.38 Jun 07 42 14533 29.14 6.03 20.73 39.72 36.33 65.74 16.06 15.83
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.
Value Research Rating
March 2009 UTI EQUITY TAX SAVING FUND CLASSIFICATION FUND PROFILE
Product Guide
Tax Planning Fund
Core Fund
Core funds should form at least 50% of an investor’s portfolio One core fund should not exceed 25% of the portfolio
Cap Exposure: At least 50% in the univese of BSE 100 constituents; The smallest stock by market cap in the portfolio should have a market cap equal to or more than the smallest stock in BSE 200 by market cap; not more than 10% outside the universe 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 20% in one sector Stock Weightage: Not more than 7.5% in one stock, and not more than 50% in top 10 stocks Number of Stocks: Minimum 35 Benchmark: BSE 100
Large Cap 60.39 61.24 43.61 74.35 90.72 46.31 47.77 85.19 67.92 54.35 70.33 51.67 73.26 74.36 Mid Cap 19.03 25.25 39.38 23.10 13.41 35.92 42.32 8.86 26.79 31.51 24.79 32.58 17.72 22.04 Small Cap 20.59 13.51 17.01 2.55 1.02 17.78 9.91 5.33 5.30 14.14 4.88 15.75 8.03 3.59 Growth 72.56 63.82 47.16 73.85 89.56 76.13 68.14 64.44 62.95 61.61 55.56 63.67 72.68 64.76 Value 16.41 21.71 28.45 12.77 11.64 8.02 14.55 18.15 21.73 22.48 24.72 21.87 14.89 21.21 Blend 8.58 8.91 14.72 11.29 8.03 14.88 14.42 13.20 10.94 9.73 13.12 11.86 7.82 13.79
PEER PRODUCT SET
Fund Birla Sun Life Tax Relief 96 Canara Robeco Equity Tax Saver Escorts Tax Plan Franklin India Taxshield Franklin India Taxshield 99 HDFC LT Advantage HDFC Taxsaver LICMF Tax Plan Magnum Taxgain Sahara Tax Gain Sundaram BNP Paribas Taxsaver Tata Tax Saving UTI Equity Tax Savings UTI MEPUS Market Cap (Rs Cr) 13993 16745 9376 28617 41366 10121 13383 35384 22173 11964 21755 11449 24446 29069 PE Score 22.69 20.65 14.99 21.90 19.98 18.85 18.46 18.27 19.67 17.52 16.83 19.79 18.54 19.58
Above figures are averages for 12- month period ending March 31, 2009
Data as per Value Research classifications
Scheme Specific Risk Factors 1. 2. Sectors like Metals, Building Materials, Oil & Gas, Chemicals, etc. are exposed to the variations in commodity prices like metal, crude, polymers, etc. Hence any domestic or international factors affecting the price movements will have an adverse affect. Any changes in Govt. policy/ regulation/ reforms etc. affecting infrastructure industries such as Power, Housing, Infrastructure, etc may have a significant bearing on the companies.
Common Risk: 1. 2. UTI Equity Tax Savings 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.
3. 4. 5.