If the primary objective of your investment is capital appreciation and fetching high returns, the growth fund is the right choice for you because its motive is to attain hike in capital. The investor who is ready to win upon a high risk to achieve long-term growth in the capital with great returns should invest his/her money in the growth-oriented schemes. And, UTI MidCap Fund Growth Plan is among such schemes which yield great returns to the investors.
UTI MidCap Fund (G) - Key Features
It is one of the best-performing growth funds in India which has achieved the trust of its investors by providing them with fruitful returns. Being the first mutual fund company in India, UTI Mutual Fund has been proved to be one of the most promising AMCs and has gained trust from its investors. UTI Midcap fund invests in small & mid-cap companies which are either start-ups or are at their growing stage. The small-cap companies are those having a market cap of below Rs. 500 crore, while the mid-sized companies are the one having market capitalisation ranging from Rs. 500 to Rs. 10,000 crore. This fund mainly targets in appreciating the capital of the investors in the long-term. Let us have a quick view on the traits of UTI midcap fund (G).
Investment Objective and Scheme’s Details:
Launched in April 07, 2004, ‘UTI Midcap fund (G)’, is an open-ended equity mutual fund. The main aim of this mutual fund scheme is capital appreciation by investing primarily in mid-cap stocks. This fund fetches a healthy returns when the investment tenure attain a period of 3-5years, i.e., in the long run. It has the Assets Under Management (AUM) amounting to Rs. 3,375.48 crore as on 31st March 2017.
Holdings & Sector Allocation:
The UTI MidCap Scheme invests a greater part of the total assets in equity stocks of mid-cap companies. It has invested its capital in different sectors to obtain the maximum possible returns which include Automotive, Banking & Financial Services, Manufacturing, etc. The major holdings of UTI MidCap Fund are:
- M&M Financial
- Bharat Forge
- Escorts
- Container Corp
- Tata Chemicals
- Power Finance
Asset Breakup:
The assets of UTI Mid Cap Plan have been divided into equity funds, debt funds and cash/call instruments. The major part of the investment is allocated into equities of the total invested capital, i.e., 97.29%. Moreover, 0.71% is allocated in the debt securities and the remaining part, i.e., 1.97% is invested in cash/call instruments.
Therefore, it can be concluded that the UTI MidCap Growth Fund’s performance ensures yielding of high returns as per the needs of investors. It is one of the best options available for long-term mutual fund investors who are seeking capital growth. So you must start your investment in this fund at the platforms like MySIPonline which allows easy investing.
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