UTI MNC Fund Direct Growth

Equity
Direct
Equity - Other
UTI MNC Fund Direct Growth

About the Fund

UTI MNC Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Karthikraj Lakshmanan. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. UTI MNC Fund Direct Growth has ₹3101 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

UTI MNC Fund Direct Growth has given a CAGR return of 16.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.54%, 18.52% and 18.46% respectively.

Holdings

UTI MNC Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Defensive, Consumer Cyclical, Industrial, Government, Health, Financial Services, Basic Materials, Tech. Its top holdings are Maruti Suzuki India Ltd, Britannia Industries Ltd, Whirlpool of India Ltd, United Breweries Ltd, United Spirits Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of UTI MNC Fund Direct Growth

The primary objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of multinational companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. UTI MNC Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
401 people have invested ₹ 31.7L in UTI MNC Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio1.14%
Benchmark
IISL Nifty MNC TR INR
AUM₹3101 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
5.29%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.1%

  • Debt & Cash 2.9%

Mid cap
40.7%

Large cap
30.3%

Small cap
26.1%

Sector Allocation

May'24

Apr'24

Mar'24

Consumer Defensive
24.1%
Consumer Cyclical
22.4%
Industrial
18.3%
Health
12.8%
Financial Services
8.9%
Basic Materials
7.5%
Tech
5.9%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Karthikraj Lakshmanan
Karthikraj Lakshmanan
Fund Manager of UTI MNC Fund Direct Growth, since 16 November 2022
Top funds managed

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 12.1% growth in AUM moving from 2.76K Cr to 3.10K Cr.
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In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 33.8% return, outperforming this fund by 15.34% per annum.
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In the last 1 year, HDFC Defence Fund Direct Growth has given 139.65% return, outperforming this fund by 101.11%.
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In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 43.52% return, outperforming this fund by 25.01% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 7.3% moving from 1.23 to 1.14.

UTI MNC Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.91% since inception which is less than its category average return of 25.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.09% in Equity, 0.48% in Debt and 2.43% in Cash related instruments
AUM size ₹3101 Cr

AUM size ₹3101 Cr

This fund has AUM of ₹3101 Cr which is more than its category average of ₹ 2066 Cr
Expense Ratio 1.14%

Expense Ratio 1.14%

This fund has an expense ratio of 1.14% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions

The current NAV of UTI MNC Fund Direct Growth is ₹451.46 as on 10-Jul-2024.
Existing (Absolute + CAGR) as on 10-Jul-2024.
UTI MNC Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.86%
5.86%
6 Month Returns
22.6%
22.6%
1 Year Returns
38.54%
38.54%
3 Years Returns
66.47%
18.52%
5 Years Returns
133.26%
18.46%
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1.14% as on June 2024
₹3101 Cr as on June 2024
Maruti Suzuki India Ltd(6.39%), Britannia Industries Ltd(5.43%), Whirlpool of India Ltd(5.35%), United Breweries Ltd(4.69%), United Spirits Ltd(3.91%) as on June 2024
Consumer Defensive(24.02%), Consumer Cyclical(21.03%), Industrial(17.76%) as on June 2024
The alpha ratio for the UTI MNC Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
UTI MNC Fund Direct Growth
3.6
-1.44
-1.16
As on June 2024
The alpha for UTI MNC Fund Direct Growth is calculated against IISL Nifty MNC TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the UTI MNC Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
UTI MNC Fund Direct Growth
0.73
0.88
0.9
As on June 2024
The Beta for UTI MNC Fund Direct Growth is calculated with IISL Nifty MNC TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the UTI MNC Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
UTI MNC Fund Direct Growth
2.45
1.05
0.82
As on June 2024
The sharpe ratio for UTI MNC Fund Direct Growth is calculated with IISL Nifty MNC TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the UTI MNC Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
UTI MNC Fund Direct Growth
9.68
11.07
14.43
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.29 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Karthikraj Lakshmanan is the fund manager of UTI MNC Fund Direct Growth
The Exit load of UTI MNC Fund Direct Growth is 1%