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UTI TOP 100 Fund comes from India’s most respected fund house, UTI MF. UTI TOP 100 is an open ended equity oriented scheme that is that is based on the principle of large cap investing

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  1. 1. Star Fund House of the Year - Equity presents UTI Top 100 Fund For circulation among agents, distributor and marketing intermediaries
  2. 2. Flow of the Presentation • Top 100 Stocks – Attributes • Why Top 100 Stocks • Equity Markets Performance • Scheme Snapshot • Equity Fund Performance Validations
  3. 3. Top 100 Stocks
  4. 4. Top 100 Stocks - Attributes • Possess strong fundamentals and competitive positioning • 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
  5. 5. Why Top 100 Stocks
  6. 6. Top 100 Stocks For … • Wealth Creation
  7. 7. Top 100 Stocks For … • Wealth Creation • Leadership Positions
  8. 8. Top 100 Stocks For … • Wealth Creation • Leadership Positions • Greater Liquidity
  9. 9. 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
  10. 10. 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
  11. 11. 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
  12. 12. 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
  13. 13. Equity Market Performance
  14. 14. 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 Positive years - 21Returns Years of Positive Negative Years - Returns Years of Negative 8 Years of positive returns outnumber the years of negative years Source: MFIE
  15. 15. Indian Market Performance • Early March’09 marked a significant bottom for global markets • Since then India performed in line with the emerging market average performance • Valuations are reasonable given the relative superior resilience of the Indian economy, given lower dependence on exports
  16. 16. India P/E Relative P/E 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
  17. 17. Scheme Snapshot
  18. 18. 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 Allocation 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.
  19. 19. Scheme Features Investment 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
  20. 20. 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
  21. 21. Equity Fund Performance Validations
  22. 22. Equity Funds-Strong & Consistent Performance Value CRISIL CPR Research 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
  23. 23. 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
  24. 24. UTI Mutual Fund among awards
  25. 25. UTI Mutual Fund among awards
  26. 26. UTI Mutual Fund among awards
  27. 27. UTI Mutual Fund among awards
  28. 28. UTI Mutual Fund among awards
  29. 29. UTI Mutual Fund among awards
  30. 30. 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. • MutualFundsIndia.com 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.
  31. 31. 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 quot;The Peacockquot; 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 quot;factor 10quot; 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 century. 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 quot;Platinum fundsquot; , the next 20% are graded as quot;Goldquot; while the next 40% are classified as quot;Silverquot;.