Fund review: UTI Mastershare Fund
Synopsis
This large-cap mutual fund scheme follows a conservative, benchmark aware path with a preference for quality names. Its focus on delivering superior risk-adjusted return over the long run can lead to bouts of underperformance in the near term
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
80719686
Where the fund investes
80719694
Basic facts Date of launch: 18 Oct, 1986 Category: Equity Type: Large-cap AUM(As on 31 Dec 2020): Rs 7,424.93 cr
UTI Mastershare mutual fund review: Modest outperformer; invest only with a longer timeframe in mind
Synopsis
The fund has struggled to outperform in recent years even as longer-term track record suggests modest outperformance. Its focus on delivering superior risk-adjusted return over the long run can lead to bouts of underperformance in the near term.
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
80719686
Where the fund investes
80719694
Basic facts Date of launch: 18 Oct, 1986
Fund review: L&T Midcap Fund
Synopsis
A consistent outperformer over many years, the fund has lost its footing in recent years. With its earlier long serving fund manager having moved on a year ago, the current team needs time to prove execution capabilities.
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
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80600651
Where the fund invests 80600694Basic facts Date of launch: 9 August 2004 Category: Equity Type: Mid Cap AUM : Rs 6,182.90 cr Benchmark: Nifty Midcap 100 Total Return Index
This tax saving fund has recently completed five years of operations. It adopts the same investing ethos of its larger siblings—Mirae Asset Large Cap and Mirae Asset Emerging Bluechip—with emphasis on quality of earnings, without overpaying for it.
The fund also invests selectively in foreign equities. Its longer term track record suggests healthy outperformance albeit having gone through occasional bouts of underperformance. The presence of a skilled fund manager at the helm provides comfort for the long haul.