UTI Large Cap Fund marks a milestone in wealth creation as a Rs. 10 lakhs investment made at its inception burgeons to an impressive Rs. 22.37 crores by January 31, 2024. Launched in October 1986, the fund has exhibited a stellar track record of over 37 years in fostering wealth for investors. This open-ended equity scheme primarily targets investments in large-cap companies possessing competitive advantages in their domains. Embracing a Growth at a Reasonable Price (GARP) investment style, the fund focuses on companies demonstrating fundamental strength, controlled borrowings, consistent revenue growth, profitability, and robust cash flow generation.
The investment strategy encompasses identifying companies undervalued by the market, capitalizing on favorable industry trends, and selecting businesses with opportunities for reinvestment at high returns on capital employed. Notable constituents of the fund’s portfolio include industry giants like Infosys Ltd., HDFC Bank Ltd., and Reliance Industries Ltd.
With a portfolio emphasizing Information Technology, Consumer Services, and Telecommunication sectors, the UTI Large Cap Fund boasts a corpus exceeding Rs. 12,082 crore as of January 31, 2024. Maintaining an admirable portfolio churn, the fund has yielded a commendable Compound Annual Growth Rate (CAGR) of 15.60% since inception, significantly outperforming the benchmark S&P BSE 100 TRI. In line with its commitment to long-term wealth creation, the fund has consistently provided annual dividends and distributed approximately Rs. 4,400 crore in total dividends.
