UTI ELSS Tax Saver Fund

All Cap

Equity

India Tax Saver

Others

Tax Saver

Aggressive growth Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Uti Elss Tax Saver Fund Growth invests mainly in stocks for long-term wealth growth.

What This Strategy Does

UTI ELSS Tax Saver Fund - Regular Plan - Growth is an equity fund which captures India's ₹2.5 trillion tax-saving opportunity through a multi-cap approach, deploying capital across financials, industrials, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund's benchmark-relative behavior demonstrates resilience across cycles, outperforming in 4 out of the past 12 years and delivering consistent downside protection through its disciplined investment process.

Differentiated Portfolio Construction

The fund's portfolio construction process deviates from peers, with a distinct market-cap bias towards giant and large-cap stocks, complemented by a meaningful mid-cap allocation, and an overweight in the financial services sector.

Structural Growth Exposure

The fund's positioning aligns with key structural growth trends, including overweights in consumer cyclicals and technology, while maintaining a valuation profile that is fair relative to history and peers, supporting potential upside from earnings revisions.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

-4.4% AnnuallyAlpha

+9.9% vs +9.9% benchmarkSince Inception

+7.3% vs +6.3% benchmark3Y Annualized

+6.8% vs +6.5% benchmark5Y Annualized

UTI ELSS Tax Saver Fund

Benchmark Index

Benchmark Performance Comparison

Uti Long Term Equity Fund

NIFTY 50

Risk Profile

Standard Deviation17.1%

Maximum Drawdown-18.1% | Oct 2024

Sharpe Ratio-0.28

Beta0.94

Upside Capture90%

Detailed Risks

Market Risk

Prolonged economic slowdown in India could dampen consumer demand, impacting fund holdings.

Liquidity Risk

High mid-cap exposure could face liquidity stress during market sell-offs.

Concentration Risk

Significant large-cap tilt exposes fund to idiosyncratic risks in top holdings.

Specific Strategy Risk

Tax policy changes could impact ELSS fund flows and investment thesis.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Provides tax-efficient wealth creation through exposure to India's high-growth businesses. This approach captures the long-term compounding potential of equity investing while offering tax deductions under Section 80C of the Income Tax Act. The impact is tax-optimized returns with the opportunity for outsized gains from India's dynamic mid and small-cap companies. Suitable for investors with the risk appetite and time horizon to navigate volatility in pursuit of tax-efficient wealth accumulation.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with consumption and earnings recovery gaining traction. This normalization backdrop, supported by trends like reviving capex and credit growth, presents an opportune entry point. However, risks such as margin pressures and competitive dynamics warrant a balanced approach aligned with sectors poised to capitalize on domestic demand formalization.

Why This Strategy is Attractive Now

The strategy's multi-cap portfolio of around 70 holdings seems well-positioned to navigate the current environment. Its diversified exposure across consumer, financial, and technology sectors provides access to market leaders benefiting from formalization tailwinds. The balanced approach combining growth opportunities and defensive positioning, coupled with a moderate risk profile, could allow for risk-adjusted participation in the normalization upside.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations across large and mid-cap market segments.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach focused on companies with pricing power, recurring revenue streams, and strong balance sheets can provide downside protection while participating in secular growth opportunities.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas through a combination of quantitative screening for quality metrics like high returns on capital, stable cash flows, and attractive growth prospects, complemented by fundamental research into company-specific factors and competitive dynamics. Selection: The selection process suggests a preference for companies with leadership positions in their respective industries, sustainable competitive advantages, proven management execution, and reasonable valuations relative to growth prospects and quality characteristics. Construction: Portfolio construction is consistent with a multi-capitalization core approach, maintaining exposure across sectors with an emphasis on diversification and risk management through position sizing based on conviction levels.

Portfolio Holdings Overview

SectoralAllocation

Services12.15%

Energy & Infra8.47%

Financial Services33.78%

Technology8.5%

Capital Goods14.35%

Consumers19%

Utilities3.76%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

HDFC Bank LtdFinancial Services8.31%

ICICI Bank LtdFinancial Services6.43%

Bharti Airtel LtdServices4.39%

Kotak Mahindra Bank LtdFinancial Services3.90%

Axis Bank LtdFinancial Services3.78%

Reliance Industries LtdEnergy & Infra3.02%

Infosys LtdTechnology2.75%

Bajaj Finance LtdFinancial Services2.73%

Tata Steel LtdCapital Goods2.40%

State Bank of IndiaFinancial Services2.37%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Amit Premchandani

Mr. Amit Premchandani has experience of 20 years. Manages 44 funds at UTI Asset Management Co Ltd with an AUM of approximately ₹3,762 Cr Holds a PGDM degree.

20 years

Combined Team Experience

₹ 3,762 Cr

Assets Under Management

CW Expert Take

UTI combines heritage with modern investment thinking. As India's oldest fund house, they've navigated every market regime. Their experience shows in mature risk frameworks and diversified expertise across asset classes. The fund house maintains institutional-quality processes while serving retail investors.

Investment Philosophy & Approach

Disciplined Approach

UTI AMC follows a disciplined, research-driven investment approach across asset classes.

Risk Management

Risk management is embedded in UTI's investment process and decision-making framework.

Long-Term Focus

UTI maintains a long-term capital allocation mindset for its investment strategies.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.91%

Regulatory & Tax Information

INF789F01547

ISIN

DailyDealing Frequency

BSE 500 India TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)