UTI Large Cap Fund, India’s first equity-oriented fund, was launched in 1986 and has a 37-year wealth creation record. It is an open-ended scheme that focuses on large cap companies with competitive advantages in their respective fields. The fund follows the Growth at Reasonable Price (GARP) investment style, ensuring a reasonable price for stock purchases based on underlying earnings growth.
The Fund seeks to invest in companies with strong fundamentals, controlled borrowings, consistent revenue growth, profitability focus, higher return on capital, and consistent operating cash-flows generation, enabling future expansion and avoiding share dilution. UTI Large Cap Fund has yielded a CAGR of 15.60% since its inception, outperforming the benchmark S&P BSE 100 TRI by 14.43%. Investing in the fund has grown from Rs. 10 lakhs to Rs. 22.37 crores as, generating over 223 times returns over the last 37 years.
UTI Large Cap Fund is a portfolio of leading companies, with the top 10 stocks accounting for 52% of the portfolio. The scheme is currently overweight in Information Technology, Consumer Services, Consumer Durables, Automobile and Auto Components, and Telecommunication, and underweight in FMCG, Oil, Gas & Consumable Fuels, Construction, Power and Metals & Mining. The fund has a corpus of over Rs. 12,082 crore, the fund aims for long-term capital appreciation or income distribution and has distributed a total dividend of about Rs. 4,400 crore.