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Star Fund House of the Year - Equity


UTI Top 100 Fund

For circulation among agents, distributor and marketing intermediaries

Flow of the Presentation
• Top 100 Stocks – Attributes

• Why Top 100 Stocks

• Equity Markets Performance

• Scheme Snapshot

• Equity Fund Performance Validations

Top 100 Stocks
Top 100 Stocks - Attributes

• Possess strong fundamentals and competitive


• Have potential for sustained above average

growth in revenues , earnings and cash flows

• More likely to better withstand the fluctuations in

business cycles

• Carry long term growth prospects because of

capacity to spend on future business
Why Top 100 Stocks
Top 100 Stocks For …

• Wealth Creation
Top 100 Stocks For …

• Wealth Creation

• Leadership Positions
Top 100 Stocks For …

• Wealth Creation

• Leadership Positions

• Greater Liquidity
Superior Long Term wealth creation
Wealth Created – Last 5 years
Indices returns 5 year CAGR in %
Nifty 11.3
Sensex 11.7
BSE 100 10.8
Scrips / companies stocks
Jindal Steel & power Ltd 63.7
Sesa Goa Ltd 53.1
Crompton Greaves Ltd 41.1
BHEL 38.0
Bharti Air Tel 32.3
Sun Pharma 29.9
Reliance Industries 29.8

Superior Long Term wealth creation

Source: internal
Superior Long Term wealth creation
Wealth Created – Last 10 years
Indices returns 10 year CAGR in %
Nifty 10.9
Sensex 10.0
BSE 100 11.6
Scrips / companies stocks
Sterlite Industries 57.5
Sesa Goa 42.0
Axis Bank Ltd 40.3
Crompton Greaves 37.4
Reliance Industries 31.3
HDFC Bank 30.2
Housing Development finance corporations 29.2

Superior Long Term wealth creation

Source: internal
Leadership Position
Top 100 stocks reflect broad economy…
enjoy certain strategic advantages in terms of

• Cost Competitiveness

• Management Quality

• Expansion & Growth Potential

• Investment in Innovation and R & D

• Growth Sustainability

• Relatively more resilient to Business Cycles

Greater Liquidity

• Top 100 stocks are highly traded in the market

• Lower impact cost

• Wider ownership from investors like

• Retail
• MFs
• FIIs
• DIIs
• HNIs &
• Corporate Bodies
Equity Market Performance
Sensex - Calendar Year Returns
Years of Positive Returns Years of Negative Returns

Absolute Absolute Absolute

Year Returns in % Year Returns in % Year Returns in %
1980 29 1993 29 1986 -1
1981 49 1994 17
1982 4 1997 19 1995 -20

1983 7 1999 64
1996 -1
1984 8 2002 4
1985 93 2003 74 1998 -17
1988 50 2004 12
2000 -21
1989 19 2005 42
1990 28 2006 48 2001 -18
1991 96 2007 47
2008 -52
1992 34 2009 -YTD 21

Years ofyears - 21Returns
Positive Negative
Years of Years - Returns
Years of positive returns outnumber the years of negative years

Source: MFIE
Indian Market Performance

• Early March’09 marked a

significant bottom for
global markets
• Since then India performed
in line with the emerging
market average
• Valuations are reasonable
given the relative superior
resilience of the Indian
economy, given lower
dependence on exports
India P/E


Indian market compared to emerging market global index is attractive in

terms of average relative P/ E ( based on estimated P/E)

Source: Bloomberg, UTI AMC research

Scheme Snapshot
Scheme Features

Nature of scheme An open ended equity oriented scheme

Investment The fund aims to provide long term capital appreciation/dividend
objective distribution by investing predominantly in equity and equity related
instruments of Top 100 stocks by Market Capitalisation.
Asset Allocation Asset
Instruments (% to Net Assets) Risk profile
Equity and Equity related instruments of
Top 100 stocks by market capitalization
65-100% High

Other equity or equity related instruments 0-35% High

Debt and Money Market instruments
0-35% Low to Medium
including securitised debt *

* The fund may invest upto 100% of its debt portfolio in securitised debt.
Scheme Features

option Dividend (with payout and Reinvestment option) & Growth
Min Investment Rs.5000/-
Load Structure Application Entry
Size Load Exit Load
< Rs. 2 Crs 2.25% In respect of each purchase/switch-in of units less than
Rs.2 Crs in value, an exit load of 1% is payable if units are
redeemed/switched out on or before 180 days from the
date of investment
Rs. 2 Crs & NIL In respect of each purchase/switch-in of units of Rs.2 Crs &
above above in value, an exit load of 0.50% is payable if units are
redeemed/switched out on or before 180 days from the
date of investment

* Nil - entry load for direct investment

Benchmark BSE 100
Fund Manager Harsha Upadhyaya
Fund invests in …

• At least 65% of its corpus in top 100 Indian companies

as measured by Market capitalization

• Balance in companies other than the Top 100

companies which in the opinion of the fund manger have
attractive growth prospects and potential to outperform
the broad market indices.

• Derivative segment to hedge against volatility and

enhance returns
Equity Fund Performance Validations
Equity Funds-Strong & Consistent Performance

as Ranking ET MF tracker
Schemes on March 2009 as on April 2009 as on March 2009

UTI Dividend Yield Fund 1 4 Platinum Rated

UTI Opportunities Fund 1 3 Gold Rated

UTI Nifty Index 1 4 NA

UTI Mastershare Unit Scheme 2 4 Gold Rated

UTI Master Index Fund 2 3 NA

Source: Valureresearch,Crisil &

ETintelligence website
Note: Past performance may or may
not be sustained in future
Quartile based Performance

Based on Annual returns from 1st April 2008 to 31st March 2009
Quartile 1 Quartile 2 Quartile 3 Quartile 4
UTI 66% 14% 19% 2%
Industry 32% 37% 21% 9%

80% of UTI Assets are in Quartile 1 & 2

Based on Quarterly returns from 1st Jan 2009 to 31st March 2009
Quartile 1 Quartile 2 Quartile 3 Quartile 4
UTI 70% 25% 3% 2%
Industry 42 % 17 % 29 % 12 %

95% of UTI Assets are in Quartile 1 & 2

Source: internal
Note: Past Performance may or
may not be sustained in future
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
REGISTERED OFFICE: UTI Tower, ‘Gn’ Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Tel: 66786666. STATUTORY
DETAILS: UTI Mutual Fund has been set up as a Trust under the Indian Trust Act, 1882. SPONSORS: State Bank of India, Punjab National
Bank, Bank of Baroda and Life Insurance Corporation of India (liability of sponsors limited to Rs. 10,000/-). INVESTMENT MANAGER: UTI
Asset Management Co. Ltd. (Incorporated under the Companies Act, 1956). TRUSTEE: UTI Trustee Co. (P) Ltd. (Incorporated under the
Companies Act, 1956). GENERAL SERVICES: Daily NAV, Sale Price / Redemption Price available for Sale / Redemption. RISK
FACTORS: All investment in mutual funds and securities are subject to market risk and the NAV of the funds may go up or down depending
upon the factors and forces affecting the securities markets. There can be no assurance that the scheme objectives will be achieved. Past
performance of the sponsors/Mutual Fund/Scheme(s)/AMC is not necessarily indicative of future results. UTI Top 100 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. There may
be instances where no income distribution could be made. Realization of all the assurances and promises made, if any, are subject to the
laws of the land as they exist at any relevant point of time. The schemes are subjected to risk relating to Credit, Interest Rates, Illiquidity,
Judgement Error, Interest Rate Swaps and Forward Rate Agreements. Please contact the nearest UTI Mutual Fund branch, Chief
Representative or AMFI Certified UTI Agent for copy of Key Information Memorandum cum Application Form and Scheme Information
Document (SID). Please read Scheme Information Document ( SID) carefully before investing

Star Fund House of the Year - Equity (ICRA): UTI Mutual Fund has been awarded the “STAR FUND HOUSE OF THE YEAR” by ICRA
Mutual Fund Awards 2009 in the Equity Category. The rank indicates ‘Best Performance’ in the ‘Equity Category’ for one year period ending
December 31, 2008. Out of 24 Mutual fund houses, UTI Mutual Fund has been ranked as the “Star Fund House of the Year” in the equity
category. Methodology: ICRA Mutual Fund (MF) Awards are based on the proprietary ranking methodology devised jointly by ICRA and
ICRA Online Ltd. The ranking process considers only growth oriented open ended equity and debt schemes apart from liquid schemes
where Institutional plans are also considered. The basic eligibility criteria is based on the Average category AUM, and stringent disclosure
norms for portfolio and NAV over one and three year periods. The ranking methodology dynamically factors in the actual investment pattern
rather than on the scheme’s stated objectives. The scoring model for the final ranking, factors norms for Risk-adjusted returns, Average
Maturity, AUM size, Liquidity analysis, Portfolio turnover ratio, Concentration analysis. The rankings are conducted for 26 different
categories over the one-year and three-year horizon.
Best Debt Fund House: Outlook Money NDTV Profit: Award Methodology: This category is subdivided into three: Best Fund House, Best
Equity Fund House and Best Debt Fund House. Two fund houses will be selected in each category: a winner and a runner-up. Short-listing
criteria for fund houses/AMCs. • AUM of Rs 10,000 crore as on 30 June 2008. • At least 40 per cent of the equity funds (or debt funds if the
funds chose to focus only on debt funds) must conform to the tenure and minimum investment eligibility criteria of Outlook Money risk-return
rankings. Alternately, the fund house must have been ranked the previous year. •Minimum track record of three years for all scheme types
except liquid, short-term and long-term floating funds for which the evaluation period was six months. • Rolling-Returns were considered
across categories • Returns are adjusted for risk (downside volatility/Portfolio concentration/strategy/credit quality and average maturity). •
Sector schemes are not considered. • database is used for this analysis. Following this, short-listed fund
houses/AMCs were mailed questionnaires to gather specific information, both quantitative and qualitative. Only fund houses/AMCs that
reverted with filled questionnaires competed in these awards. If any question was unanswered, the fund house/AMC was given the lowest
mark against that evaluation parameter. The questionnaires sent to the fund houses/AMCs were based on an evaluation process that
considered the following parameters: • Quantitative. How has the fund house/AMC performed vis-a-vis the category average? How many
schemes are in the top quartile? • Qualitative: The facilities that the fund house/AMC offers and the satisfaction level of investors. Once the
responses came in, they were collated. Final winners were arrived at after assigning weights, as ratified by the jury. • Number of
AMC/Mutual funds in the category for Debt Fund House of the Year : 17.
Golden Peacock Innovative Product/ Service Award: Instituted by the ‘Institute of Directors’ The 'Golden Peacock Innovative Product/
Services Award' named after India's national bird "The Peacock" will be awarded every year to the most innovative product as determined
by the satisfaction of the customers long term unexpressed and unarticulated needs and aspirations in a most cost effective manner which
is consistent with the society's goal of sustainable development. We believe that innovation is the only way to provide environmentally
friendly products and services that will help us achieve "factor 10" improvements that are necessary to maintain the same quality of life in
the new century. It has therefore instituted a special award called 'Golden Peacock Innovative Product/ Service Award'. This award will be
given to a product or service, which shows a quantum jump in the exploitation of current technology to achieve maximum customer
satisfaction at minimum cost. While calling for more sustainable pattern of production and consumption, it motivates to carry on their pursuit
of excellence. The Award is designed to encourage systemic innovation in organization to make products and services required in the new
CRISIL Fund Awards: Evaluation methodology: The eligibility criteria and methodology for the CNBC – TV18 CRISIL Mutual Fund of the
Year are as under: Category: Most Innovative Fund of the Year. Eligibility Criteria: Schemes launched in 2000 across asset categories.
Methodology: Schemes are scored on the basis of product concept, marketing and distribution channels, timelines of launch and
mobilization. The scheme with the highest weighted score is the “Most innovative Fund of the Year”.
Value research rating :Is a composite measure of a fund’s return and risk relative to its peers in the category. It is purely qualitative .for
equity and hybrid funds , the fund ratings for the two time periods ( 3 & 5 yrs) are combined. For debt funds, the fund ratings are based on
18 month weekly risk adjusted performance. The equity funds are rated with a minimum performance history of 3 yrs and a debt fund with a
minimum history of 18 months.
Loyalty Awards Instituted by KamiKaze: The Award winners at the 2nd Loyalty Awards were decided by a combination of Consumer
Research undertaken in 6 cities of India by A C Nielsen & from Nominations received. The Loyalty Awards were decided by a Jury who on
basis of the above 2 findings decided the final Award Winners in each category. Around 5000 consumers were interviewed in each city by A
C Nielsen. These consumers were random picked and approached with a ready made questionnaire. There were 5 nominees in the Mutual
Fund Sector and UTI Mutual Fund obtained the top rank
The ET quarterly MF tracker lists MF schemes on the basis of their risk adjusted performance based on a detailed number crunching
exercise carried out by ET intelligence group. Research is in-house while the data has been sourced from ICRA online. The sortino ratio , a
superior risk adjusted measure was used to assess the fund performance. ET takes 3 year performance as the yardstick for the five broad
categories of funds - Equity Diversified, ELSS, Balanced, MIP and Debt. Scheme with similar risk return profile are clubbed . The return
score is arrived at by allotting weights to past three years absolute returns and 40% weights to past one year's return. These weighted
returns are compared with weighted benchmark returns for the period and the resultant figure denotes the return score for the scheme.
They have assumed BSE 500 as the benchmark for equity schemes and risk-free interest by SBI , corresponding to the periods under
consideration as the benchmark for non equity categories. To measure risk , they look downside risk. Downside risk is any return below the
minimum acceptable rate of return( MAR). Benchmarks returns have been taken as MAR. They looked for monthly returns for past three
years. The monthly returns were analysed vis a vis the benchmark returns for that particular month for each of the categories under
consideration. Any underperformances , for each schemes were added. These underperformances signify the risk score for each of the
scheme. The return score is divided by the risk score to arrive the sortino ratio for each of the categories. Higher the sortino ratio, the
better is the fund's performance . The top 10% fund in each category are then classified as "Platinum funds" , the next 20% are graded as
"Gold" while the next 40% are classified as "Silver".
Thank You