Like many large-cap-oriented funds, old warhorse UTI Mastershare too has stumbled over the past year, losing 3 %
The short-term picture may not look pretty, but UTI
Mastershare remains a good choice for conservative investors and those
who seek regular dividends.
One, the 29-year old
fund, a veteran of many market cycles, has delivered good returns in
longer periods — about 14 per cent annualised over three years, 9 per
cent over five years and 12.5 per cent over 10 years. These are not
top-of-the-chart, and there are peers who have done better.
That
said, when the market takes deep cuts like in 2009, 2011 and 2013, the
fund’s bias towards large-caps helps it contain the downside very
effectively.
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