UTI Opportunities Fund - Exploiting Opportunities Well

This fund from the UTI stable has identified and exploited opportunities well, finds Swapnil Suvarna

Launched in July 2005, UTI Opportunities Fund is benchmarked against BSE 100 and is managed by Harsha Upadhyaya. The fund predominantly invests in scrips that are expected to outperform the broader market in the short or medium term by capturing new opportunities arising in growing sectors.

In line with this, the fund management allocates over 60 percent of its portfolio in the top four - five opportunistic sectors with over 65 percent of the investments allocated towards quality large caps and the remaining in emerging larger mid caps. Moreover, the management follows a profit booking strategy strictly where they get rid of the identified opportunistic sectors/companies only if there is a negative development or if they have recognized another opportunistic bet. This well organized approach has helped the fund in minimizing its risk and generating decent returns.

During the unforeseen market conditions the fund has been successful in mitigating losses. Overall the fund’s performance has been commendable and the management’s ability to identify strategic opportunistic bets to generate wealth in the long term makes it a good investment product.