April 26, 2025
mayank
UTI Multi Cap Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the UTI Multi Cap Fund Open Date, Close Date?
NFO opens on April 29, 2025
NFO will close on May 13, 2025
Investment Strategy for this NFO?
The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum.
Basic Details
| Fund House | UTI Mutual Fund |
| Issue Open | 29 April 2025 |
| Issue Close | 13 May 2025 |
| Type | Open-ended |
| Category | Equity: Multi Cap |
| Min. Investment (Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 90 days |
| Riskometer | Very High |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
About Benchmark Index for this NFO?
The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment.
The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight to each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date.
The weight of 50%, 25% and 25% for the three segments are further divided amongst stocks within the respective segment based on underlying stock’s free float market capitalisations. Weight of each size segment may be different from its respective capped level between two rebalance dates due to price drift of underlying stocks.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty500 Multicap 50:25:25 Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic capped free-float |
| No. of Constituents | 500 |
| Launch Date | December 02, 2020 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of UTI Multi Cap Fund
1) Karthikraj Lakshmanan
Education: Mr. Lakshmanan is Commerce Graduate, PGDBM (from SPJIMR, Mumbai), CA and has cleared CFA Level 3 (US CFAI).
Experience: Prior to joining UTI Mutual Fund, he was associated with Baroda BNP Paribas AMC (Jul 14, 2008), ICICI Prudential AMC as Senior Research Analyst (Mar 9, 2007-Jul 10, 2008), Goldman Sachs Services Pvt. Ltd. as Business Analyst (Apr 3, 2006-Mar 6, 2007) and with ICICI Bank as Management Trainee.
AMC
UTI Asset Management Company Ltd
Address: UTI Tower, Plot C-1, GN Block, Banrda Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.utimf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for UTI Multi Cap Fund @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of Nifty 500 Multicap 50:25:25 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -7.04 | -7.04 | 6.00 | 28.80 | 14.37 |
| Total Return | -6.89 | -6.89 | 6.88 | 29.98 | 15.87 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.70 | 16.15 | 20.09 |
| Beta (NIFTY 50) | 1.07 | 0.92 | 0.89 |
| Correlation (NIFTY 50) | 0.90 | 0.92 | 0.94 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.46 | 3.8 | 1.11 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 5.41 |
| ICICI Bank Ltd. | 3.70 |
| Reliance Industries Ltd. | 3.36 |
| Infosys Ltd. | 2.20 |
| Bharti Airtel Ltd. | 1.81 |
| Larsen & Toubro Ltd. | 1.59 |
| ITC Ltd. | 1.48 |
| Tata Consultancy Services Ltd. | 1.43 |
| Kotak Mahindra Bank Ltd. | 1.24 |
| Axis Bank Ltd. | 1.22 |
Benchmark Insights:
The fund is benchmarked against the Nifty500 Multicap 50:25:25 Index, which has:
- Delivered an impressive 29.98% CAGR over the last 5 years, though recent one-year returns stand at a modest 6.88%.
- A PE ratio of 25.46 and a price-to-book value of 3.80, suggesting moderate-to-high market valuations — indicating selective investing is key.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Karthikraj Lakshmanan
| Fund | UTI Master Equity Plan Unit Scheme | It’s Benchmark | UTI MNC Fund | It’s Benchmark |
| 1 Year | 7.43 | 5.51 | 0.59 | 5.51 |
| 3 Year | 12.63 | 15.13 | 11.70 | 15.13 |
| 5 Year | 21.35 | 25.10 | 15.66 | 25.10 |
| 7 Year | 11.49 | 14.17 | 8.74 | 14.17 |
| 10 Year | 11.60 | 13.66 | 9.54 | 13.66 |
As on 26-4-2025
[ C ] Conclusion
Guidance on UTI Multi Cap Fund
Overview: UTI Multi Cap Fund is an open-ended equity scheme investing across large-cap, mid-cap, and small-cap stocks. It aims to deliver long-term capital appreciation by maintaining a minimum 25% allocation to each market cap segment, offering broad diversification within a single portfolio.
Fund Strategy & Positioning:
UTI Multi Cap Fund follows a “3S” approach – Size, Sectors, and Style:
- Size: Maintains disciplined exposure across all market caps.
- Sectors & Style: Seeks a balanced mix of growth, value, and turnaround opportunities, investing in fundamentally strong and sustainable businesses.
The fund utilizes UTI’s Score Alpha framework, focusing on:
- Strong operating cash flows
- Healthy return ratios
- Bottom-up stock selection from UTI’s research universe
Due to active rebalancing needs across market segments, portfolio turnover may be higher than other UTI equity funds.
Fund Management Outlook:
While UTI’s investment process is structured and research-driven, it’s important to note:
- The track record of the fund management team (based on prior NFOs) has been mediocre, suggesting investors should temper return expectations and monitor performance closely post-launch.
Suitability:
- Ideal for long-term investors seeking a diversified equity portfolio through a single fund.
- Best suited for those who can tolerate higher volatility and portfolio churn, in exchange for potential outperformance across different market cycles.
- Investors should adopt a measured approach and avoid over-allocating at NFO stage; consider staggered investments via SIPs or phased entries.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in UTI Multi Cap Fund NFO?
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance: https://sahifund.com/category/nfos/
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