UTI UNIT LINKED INSURANCE PLAN

Transcription

1 UTI UNIT LINKED INSURANCE PLAN (An open-ended tax saving cum insurance scheme ) JULY 2017 This product is suitable for investors who are seeking*: - Long term capital appreciation - Investment in equity instruments (maximum 40%) and debt instruments * Investors should consult their financial advisors if in doubt about whether the product is suitable for them MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

2 Research & Economist PMS, Retirement Solution & Offshore Mutual Fund About Our Investment Management Team (Fixed Income) 2 Amandeep Chopra Head of Fixed Income MBA Total Exp: 26 yrs With UTI MF: 26 yrs Sudhir Agarwal Fund Manager MBA & CFA Total Exp: 13 yrs With UTI MF: 8 yrs Ritesh Nambiar Fund Manager MBA, CFA & FRM Total Exp: 12 yrs. With UTI MF: 9 yrs Sunil Patil Fund Manager MFM & M.Com Total Exp: 27 yrs. With UTI MF: 27 yrs Amit Sharma Assistant Fund Manager CA,FRM Total Exp: 8 yrs. With UTI MF:8 yrs Manish Joshi Fund Manager MSc, MFM Total Exp: 20 yrs With UTI MF: 20 yrs Shilpita Guha CIO MSc (Economics), MBA Total Exp: 20 yrs With UTI MF: 20 yrs Rahul Aggarwal Portfolio Manager BE, MBA (Finance) Total Exp: 8yrs With UTI MF: 1 yrs Meghna Shah Economist MBA (Finance), MA (Economics) Total Exp: 8yrs Siddharth S. Research Analyst MBA (IB), CFA Total Exp: 7 yrs Richa Tripathi Research Analyst MBA (Finance) Entire Exp: 4 yrs

3 About Our Investment Management Team (Equity) 3 Investment Managers Swati Kulkarni, CFA FM Domestic Equity Total Work Exp: 26 Years With UTI: 25 Years Lalit Nambiar, CFA FM Domestic Equity Total Work Exp: 23 Years With UTI: 10 Years Sanjay Dongre FM Domestic Equity Total Work Exp: 23 Years With UTI: 23 Years Vetri Subramaniam Head Equity & Fund Manager Total Work Exp: 25 Years UTI MF: Less than a year Ajay Tyagi, CFA FM Domestic Equity & Offshore Funds Total Work Exp: 17 Years With UTI: 17 Years V Srivatsa FM Domestic Equity & Offshore Funds Total Work Exp: 17 Years With UTI: 15 Years Kaushik Basu FM Domestic Equity Total Work Exp: 34 Years With UTI: 34 Years Research Team Sachin Trivedi, CFA FM Domestic Equity & Head of Research Total Work Exp: 16 Years With UTI: 16 Years Tracks Capital Goods, Auto, Logistics Amit Premchandani, CFA FM Domestic Equity & Sr. Analyst Total Work Exp: 12 Years With UTI: 8 Years Tracks Banks, NBFCs, Cement Ritesh Rathod, CFA FM Domestic Equity & Sr. Analyst Total Work Exp: 11 Years With UTI: 11 Years Tracks Technology, Pharmaceuticals, Real Estate Sharwan Goyal, CFA FM Overseas Investments & Portfolio Analyst Total Work Exp: 11Years With UTI: 11 Years Kamal Gada, CFA Research Analyst Total Work Exp: 12 Years With UTI: 9 Years Tracks Energy, Fertilizer, Chemicals, Media and Infra construction Vishal Chopda, CFA Research Analyst Total Work Exp: 9 Years With UTI: 6 Years Tracks FMCG (Staples), QSR, Retail, Consumer Durable Parag Chavan, CFA Research Analyst Total Work Exp: 7 Years With UTI: 5 Years Tracks Metals & Mining, Utilities, Building Materials, Sugar, Healthcare, Hotels Preethi R S Research Analyst Total Work Exp: 5 Years With UTI: 5 Years Tracks Auto Ancillaries, Insurance, HFC & NBFCs

4 Fixed Income Investment Process 4 Internal Inputs External Inputs Board of Directors (Internal Norms/Delegation) Scheme Offer Document (Investment objective/guidelines) Dealing Team Provides market inputs on Call market, G-sec & Corp. Debt Debt & Economic Research Reports Inputs from Strategic Partner Fund Managers & Investment Committee Meeting & Conference Calls Inputs from UTI Research Team Investment Decision Newswire & Bloomberg Review Mechanism Control Mechanism /Function I Compliance I Risk Management I I Audit I Execution Independent Dealing team I Risk Management I I Fixed Income Steering Committee I I Meeting with Board of Directors I

5 Investment Universe & Portfolio Construction (Equity) 5 INVESTMENT PROCESS LED BY CONVICTION & STYLE CONSISTENCY INVESTMENT UNIVERSE 350 COMPANIES INVESTMENT UNIVERSE About 350 companies, spanning large, mid & small market capitalisation. SCREENING THE UNIVERSE UTI PROCESS SCREENING THE UNIVERSE UTI PROCESS Objective Factors Operating Cash Flow Return on Capital/Equity Subjective Factors Management Competence Growth Prospects This is a comprehensive and ongoing feature of Investment process. PORTFOLIO CONSTUCTION PORTFOLIO CONSTRUCTION Based on the Fund Mandate & Internal Prudential investment norms Considerations for Valuations, Sector Weights Market Cap bias & Active Share

6 Risk Level Product Positioning 6 Diversified Equity Funds Sector Funds Thematic Funds Positioned as Debt oriented Hybrid Fund with Min 60% into Debt and Max 40% into Equity Index Funds Hybrid & Specialty Funds UTI Unit Linked Insurance Plan Monthly Income Funds Debt Funds Ultra Short Term & Arbitrage Funds Liquid Fund Return Level

7 Need for Investment cum insurance for yourself & dependents 7 INVESTMENT Saving/ Investment For Yourself & Dependent ` INSURANCE Insuring your future earning for your Dependent GET MULTIPLE BENEFITS FROM A SINGLE PLAN

8 Evaluate the needs for investment & insurance 8 You need to evaluate investment decision with life insurance decisions Secure your future by mitigating risk through insurance cover Not taking a holistic view of Human Capital, Financial Wealth & Life Insurance Need, results in under-insurance/ over-insurance

9 Weighing UTI ULIP v/s Market ULIP 9 Parameter UTI ULIP Insurance ULIP Cost Expenses on a lower side Expenses on higher side History Pedigree of 45 years Don t have a long track record & history Liquidity option Investor can withdraw anytime, subject to exit load Investor to stay for minimum required period of 5 year (Subject to discontinuation charges as per IRDA Regulations) Simple process Simple declaration of health No Medical Check up Long drawn process of undergoing Medical check up/ Consultation Transparency Information available on research/review and portfolio Information available in public domain Limited information on research / review / portfolio of ULIP Lack of information in public domain Value add Accidental Cover* upto 50,000/- (borne by AMC) Riders cost inbuilt in the premium Initial Expense: include mortality charges, premium allocation charge, Fund Management Charges (FMC) & Administration charge. * Detail regarding Accidental cover mentioned in Slide no.11

10 UTI ULIP provides life insurance cover based on your need 10 Declining Term Cover Life insurance cover to the extent of the unpaid but not due amount of the chosen target amount Fixed Term Cover Life Insurance Cover to the extent of the target amount Choose in tune with your insurance needs for optimal insurance cover For terms and condition related to Insurance cover you may please refer the Scheme Information Document

11 Added benefit of Personal Accident Cover 11 Personal Accident Cover available upto Rs. 50,000/- (irrespective of Target Amount) The amount of personal accident insurance cover will depend on the nature of the accident which is mentioned below: Event Amount of Personal accident insurance cover (`) Death due to accident 50,000/- Loss of both eyes or both hands or both feet of one hand and one foot or one eye and one hand or one foot due to accident Total Permanent disablement due to accident 50,000/- 50,000/- Loss of one eye or one hand or one foot due to accident 25,000/- # Payment of premium to the insurer shall form part of the recurring expense of the scheme

12 Easy Claim settlement process 12 PoP RTA LIC UTI Mutual Fund LIC* UTI MF Nominee submits Death Certification/ Claim Form Claim paper scrutinized and submitted to LIC of India Further scrutinizes and settles claim to UTI Mutual Fund UTI MF receive claim amount by LICI and pays to nominee Easy claim settlement process UTI MF settles the claim in favor of the nominee For non-nominee: For >=5 Lac: Settlement process based on documents e.g. Probated Will / Succession Certificate and other doc if any For <5 Lac- Settlement based on internal procedure (documents required based on slab of claim amount) *Insurance cover is being provided by way of a tie-up with LICI through Group Term Insurance Scheme. PoP: Point of Presence/ LICI: Life Insurance Corporation of India/ RTA: Registrar & Transfer Agency; UTI MF : UTI Mutual Fund

13 Changes under UTI ULIP w.e.f October 01, In arrangement with LIC of India, there is revision in the quantum of premium payable for life coverage, the cycle of premium payment, mode of payment of premium and other procedures. The changes made are in order to make the process simpler and effective. Overall, the premium rates payable by the investors have been reduced by 30% to 50% under different age bracket. 1 The rate of premium payable for the Fixed Term Insurance Cover will be the same as that of Declining Term Insurance Cover and the procedure for payment of premium will be same as mentioned above for Declining Term Insurance Cover. 2 The premia payment cycle will now be from 1st October to 30th September The premium rate for each year will be advised by LIC applicable from October to September of the subsequent year in the month of September 3 Based on previous claim data we have managed to get lower rates of premia from LIC. 4 The death claims preferably have to be submitted within one year from the date of the death of the investor but in any case not later than 5 years from the death of the investor. 5 In the scheme SID,the sub clause on (iii) Non receipt of Contribution appearing under Clause B. Life Insurance Premium under Item No. III. Units and Offer stands deleted. Refer Scheme Information Document for more details

14 Life Insurance Chart premium 14 Revised rates (w.e.f. October 1, 2016) for both Declining Term Insurance Cover and Fixed Term Insurance Cover where the annual premium payable to LIC for every Rs. 1000/- of the Life Insurance Cover) Age at entry (in years) Term of Assurance 10 & 15 Years Premium paying term 10 & 15 years Annual Premium payable yearly (Rs.) Age at entry (in years) Term of Assurance 10 & 15 Years Premium paying term 10 & 15 years Annual Premium payable yearly (Rs.) Age at entry (in years) Term of Assurance 10 & 15 Years Premium paying term 10 & 15 years Annual Premium payable yearly (Rs.) Age at entry (in years) Term of Assurance 10 & 15 Years Premium paying term 10 & 15 years Annual Premium payable yearly (Rs.) Please note : The rates are exclusive of service tax

15 UTI ULIP A right fit 15 Track record Pedigree of more than 45 Years Portfolio quality Focus on high quality papers Low cost Insurance coverage Disciplined Investment Process driven portfolio management approach catering to homogenous category of investors

16 UTI Unit Linked Insurance Plan Fund Snapshot 16 Type of scheme An open end tax saving cum insurance scheme Fund Inception 1st October, 1971 Fund Manager Mr. Amandeep S. Chopra (Debt portfolio) B.S.c. MBA [FMS Delhi] Mr. Ajay Tyagi (Equity portfolio) - CFA, MFC Target Amount # Minimum ` 15,000/- and Maximum of ` 15 lakhs. The maximum target amount of `15 Lakhs is the combined target amount available for the declining term insurance and fixed term insurance cover together. Investment Objective Primarily to provide return through growth in the NAV or through dividend distribution and reinvestment thereof Benchmark Crisil Debt Hybrid (60:40) Asset Allocation Instruments Indicative Allocation (% of Total Assets) Risk Profile Minimum Maximum Debt 60% 100% Equity 0% 40% Low to Medium Medium to High # The chosen target amount is required to be contributed in yearly or half-yearly installments or through Systematic Investment plan over 10/15 years as indicated at the time of entry. Refer Scheme Information Document for more details

17 UTI Unit Linked Insurance Plan Fund Snapshot 17 Plans /Options available Existing plan & Direct Plan, both the plans offer 10 year plan or 15 year plan Option of Declining Term Insurance Cover and Fixed Term Insurance Cover Eligible Investors Open for investment to resident individuals as well as NRIs including investment in the name of the spouse/ child. Age of entry a) The 10 year plan between the age of 12 and 55 and half years b) The 15 year plan between the age of 12 an 50 and half years Life Insurance Cover Declining Term Cover Fixed Term Cover * Please refer Scheme Information Document for further details Personal Accident Insurance Cover Up to 50,000/- irrespective of the target amount chosen or the number of investments made in the scheme* - Please refer SID for further details. Load Structure Special Products Entry Load : Nil Exit Load : 2% if withdrawn prematurely, On maturity - Nil Systematic Investment Plan/Micro SIP Monthly SIP, Quarterly SIP Systematic Transfer Investment Plan Available Systematic Withdrawal Plan Available (w.e.f Nov 2016). The facility is available on or after maturity of plan * Refer Scheme Information Document for further details

18 Investment Strategy Equity 18 1 Portfolio construction driven by the three tenets of Quality, Valuation and growth 2 Long term orientation and hence a very low portfolio turnover ratio 3 Portfolio shall have a mix of large caps and midcaps 4 Stock selection is predominantly a bottom up process with preference to industries that have secular and stable growth prospects 5 Significant importance given to the Return on capital, free cash flow generation ability and the size of the future business opportunity

19 Investment Strategy Fixed income 19 1 Portfolio management based on interest rate outlook, credit quality, liquidity and broad debt market environment 2 To maintain a stable long term debt portfolio with tactical allocations to G-Sec depending on the in-house view of the fixed income team 3 Focus on minimizing credit risk

20 Fund facts (Equity Composition) 20 Fund Snapshot Fund Size: Monthly Avg. AuM Last Day AuM : ` Crores : ` Crores Portfolio Characteristics Wtd. Avg. MCap : 1,09,694 Active Share* : 68.93% No. of Unit Folios : 2,85,462 *Active Share calculated vis-a-vis NIFTY 50 Investment Stylebox Large Large & Mid Mid & Small Quantitative Indicators* Beta : 0.05 SD(Annual) : 4.85% PTR (Annual) : 1.28 Sharpe Ratio : 1.03 * Based on total assets of the Scheme Growth Blend Value Portfolio Composition # ROCE Operating Cash Flow C1 : 92% C2 : 8% C3 : 0% No. of Stocks 71 Top 5 / Top 10 Stocks 83.18% / 96.95% R1 : 98% R2 : 0% R3 : 2% 28.22% / 44.16% Top 5 / Top 10 Sectors Outside Benchmark 57.69% * The equity exposure in the scheme is rebased to 100 for calculating Top 5/Top 10 Stocks/Sectors and outside benchmark Avg. AuM Average Asset under Management, SD Standard Deviation, PTR Portfolio Turnover Ration. Wtd. Avg. Mcap Weighted Average Market Capitalisation.. # Cash flow Tiers (C)- 3 Tiers based on the number of years in which they have generated positive operating cash flows in the previous 5 years (for manufacturing cos). ROCE/implied ROE Tiers (R) - 3 Tiers based on the previous 5 year average return on capital (for manufacturing cos) & consistency in implied ROE (RoA X Leverage) for financials over 5 years. All data as of June 30, 2017.

21 Portfolio (Equity Composition) 21 Equity Top 20 Holdings STOCK NAME SECTOR % to NAV Act. Wt % BAJAJ FINANCE LTD. FINANCIAL SERVICES INDUSIND BANK FINANCIAL SERVICES YES BANK LTD. FINANCIAL SERVICES HDFC BANK LIMITED FINANCIAL SERVICES INFOSYS LTD. IT Top 10 Unique Stocks (As compared to NIFTY 50 Sub indices of Benchmark Crisil Debt Hybrid 60:40 index ) STOCK NAME SECTOR % to NAV BAJAJ FINANCE LTD. FINANCIAL SERVICES 2.79 KOTAK MAHINDRA BANK LTD. FINANCIAL SERVICES I.T.C. LTD. CONSUMER GOODS SHREE CEMENT LTD. CEMENT & CEMENT PRODUCTS 1.21 H D F C LTD. FINANCIAL SERVICES SHREE CEMENT LTD. CEMENT & CEMENT PRODUCTS MOTHERSON SUMI SYSTEMS LTD. AUTOMOBILE TATA CONSULTANCY SERVICES LTD. IT CADILA HEALTHCARE LTD. PHARMA MARUTI SUZUKI INDIA LTD. AUTOMOBILE SUN PHARMACEUTICALS INDUSTRIES PHARMA ASTRAL POLY TECHNIK LTD. INDUSTRIAL MANUFACTURING PAGE INDUSTRIES TEXTILES GRUH FINANCE LIMITED FINANCIAL SERVICES MINDTREE LTD. IT INFO-EDGE (INDIA) LTD. IT MOTHERSON SUMI SYSTEMS LTD. AUTOMOBILE 1.13 CADILA HEALTHCARE LTD. PHARMA 1.05 ASTRAL POLY TECHNIK LTD. INDUSTRIAL MANUFACTURING 0.94 PAGE INDUSTRIES TEXTILES 0.87 GRUH FINANCE LIMITED FINANCIAL SERVICES 0.84 MINDTREE LTD. IT 0.78 INFO-EDGE (INDIA) LTD. IT 0.77 ECLERX SERVICES LTD. IT 0.74 ECLERX SERVICES LTD. IT * The equity exposure in the scheme is rebased to 100 for calculating Active weights Portfolio above shows Top 20 equity holdings under the scheme, for detailed portfolio visit Act. Wt % - Active Weight % (as compared to the Nifty 50 (sub index of Crisil Debt Hybrid 60:40 index). Data as of June 30, 2017.

22 Portfolio Snapshot (Equity) 22 Market Capitalisation (% of Equity portion) Top 10 Sectoral Breakdown (in %) As compared to NIFTY 50 Sub index to Scheme benchmark Large: 68 Mid: 28 Small: 4 FINANCIAL SERVICES CONSUMER GOODS Active Stock positions (as compared to Nifty 50) IT PHARMA Overweight (Top 5) Underweight (Top 5) Bajaj Finance ltd. Yes Bank Ltd. Reliance Industries Ltd. ICICI Bank Ltd. AUTOMOBILE INDUSTRIAL MANUFACTURING IndusInd Bank Ltd. Shree Cement Ltd. Motherson Sumi Systems Ltd. ITC Ltd. HDFC Bank Ltd. HDFC Ltd. CEMENT & CEMENT PRODUCTS TEXTILES METALS FERTILISERS & PESTICIDES % Scheme Weightage Nifty 50 Weightage * The equity exposure in the scheme is rebased to 100 for calculating Overweight/Underweight & Top 10 Sectors. Sectoral breakdown shows select sectors & Portfolio above shows Top 10 equity holdings under the scheme, for detailed portfolio visit All data as of June 30, NIFTY 50 is sub index of CRISIL Debt hybrid 60:40 index.

23 Portfolio Snapshot (Fixed Income) 23 Credit Profile of Debt (% of debt portion) Top 10 Holdings & G - Sec(in %) Long Term Debt (Rating) % to NAV 40 RELIGARE FINVEST LTD IL&FS TRANSPORTATION NETWORKS LTD RELIANCE PORTS & TERMINALS LTD RELIANCE UTILITIES & POWER PVT LTD INDIABULLS HOUSING FINANCE LTD AXIS BANK LTD RURAL ELECTRIFICATION CORPORATION LTD SREI EQUIPMENT FINANCE LTD POWER FINANCE CORPORATION LTD Quantitative Indicators Average Maturity : 4.70 years Modified Duration : 3.26 years YTM : 8.51 % TATA SONS LTD G Sec (SOV) 6.79% GS 26/12/ % GSEC 12/12/ % GOI-09/07/ GS /05/ % GOVT STOCK 24/09/ Excluding net current assets Portfolio shows select holdings. Portfolio data as on June 30, Source : Internal

24 Portfolio Snippets (Equity Composition) 24 Dr. Lal Pathlabs Ltd. Emami Ltd. Info Edge (india) Ltd. Major Portfolio Changes (over the previous quarter) Increase in Allocation (Top 3 Stocks) Increase in Allocation (Top 3 Sectors) Consumer Goods Healthcare Services IT Stocks Entered (Top 5) Berger Paints India Ltd. Igarashi Motors India Ltd. AU Small Finance Bank Ltd. Indusind Bank Ltd. HDFC Bank Ltd. Bajaj Finance Ltd. Decrease in Allocation (Top 3 Stocks) Financial Services Cement & Cement Products Automobile Decrease in Allocation (Top 3 Sectors) N.A. Stocks Exited (Top 5) Fund Manager Outlook Post a swift recovery from the demonetisation fears, markets have carried on the momentum on account of strong global sentiment and also supportive domestic macro economic variables. However there is already a lot of hope build into earnings revival and any disappointment can lead to a correction especially since the valuations are already above the long term averages As of date the progress of monsoons appears to be good and this should certainly help revive rural consumption demand as this would be the second good monsoon in a row. Maintaining positions in the consumer sector as most companies in this sector shall benefit from the roll out of GST as the competition from the unorganized sector shall find it difficult to operate under the new taxation regime. IT and Pharma continue to be the contra calls as both are trading at below their long term average valuations and have low earnings expectations despite having strong cash flow profile and strong balance sheets which can be used for acquisitions Continuing to focus on quality as that shall lead to the best risk adjusted return in the longer term All data as of June 30, 2017

25 Performance Track Record 25 Fund Performance Vs Benchmark (as of 30/06/2017) Period Fund Performance Vs Benchmark Growth of ` 10,000/- NAV Crisil Debt Hybrid (60:40) Crisil 10 year Gilt Index NAV (`) Crisil Debt Hybrid (60:40) (`) Crisil 10 year Gilt Index (`) 1 Year ,125 11,140 11,169 3 Years ,368 12,889 13,736 5 Years ,115 16,644 15,019 Since Inception N.A. N.A. 11,39,935 N.A. N.A. Systematic Investment Plan (SIP) Returns (as of 30/06/2017) Period Investment Amount (`) Value Fund (`) Crisil Debt Hybrid (75:25) (`) Yield Fund Crisil Debt Hybrid (75:25) 1 Year 1,20,000 1,26,962 1,27, Years 3,60,000 4,16,587 4,12, Years 6,00,000 7,92,397 7,75, Years 8,40,000 12,26,140 11,92, Years 12,00,000 20,88,812 19,63, Since Inception* 15,10,000 30,99,469 N.A N.A. Source: MFIE., Internal The above value is calculated on the basis of the return from regular plan growth option of the scheme. Past performance may or may not be sustained in future. All returns are in CAGR - Compounded Annualized Growth Rate. N.A. Not Available. Inception of UTI Unit Linked Insurance Plan : Oct 01, 1971 Note: The loads have not been taken into account. Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs.10,000/- every month at NAV per unit of the scheme as on the first working day for the respective time periods.@:since inception return for above mentioned schemes is taken for the period December 2004 to June 2017 (Since SIP facility was introduced in November 2004). For performance of other funds managed by the same Fund Manager, please refer the Slide No. 27 & 28. The current fund manager Mr. Ajay Tyagi (equity portion) is managing the fund since Dec 2014 and fund manager Mr. Amandeep Chopra (Debt portion) is managing the fund since Dec 2006.

26 Why Invest in UTI ULIP? 26 Cost Effectiveness - Low expense ratio, generating better return for the portfolio - Life Insurance Cover at a lower cost* Creation of Wealth - Equity allocation helps in earning market related return - Debt Allocation provides stability to the portfolio Coverage - Life insurance cover upto a maximum of 15 lacs - Personal accident cover upto Rs. 50,000/- Convenience & Benefits - Payment of premium for insurance Cover even at the event of non-receipt of contribution - No medical examination for insurance cover - Withdrawal Option at a minimum cost - Convenience in Claim settlement - Tax benefit under Sec 80 C of IT Act,1961 *** Suitable for: Investor looking for capital growth over a long period Investors looking for Life insurance cover or top up their existing cover, tax benefit and growth opportunities *Detail on mortality rates mentioned in slide number 14. ***Subject to prevailing tax laws.

27 Performance details of other schemes managed by the fund manager Mr. Amandeep S. Chopra 27 Period Scheme Return Fund performance as on June 30, Year 3 years 5 years Benchmark return Scheme Return Benchmark return Scheme Return Benchmark return Fund manager managing the fund since UTI Gilt Advantage Fund Ltp Feb-12 UTI Retirement Benefit Pension Fund Dec-06 UTI Dynamic Bond Fund Feb-12 UTI Bond Fund Feb-12 UTI Childrens Career Balanced Plan Dec-06 UTI C.R.T.S Dec-06 UTI Mis Advantage Plan Jun-04 UTI Monthly Income Scheme Sep-02 UTI Smart Woman Savings Plan Dec-06 UTI Medium Term Fund N.A. N.A. N.A. N.A. 25-Mar-15 UTI GSEC STP Feb-12 UTI Liquid Cash Plan Jul-15 UTI Money Market Fund Jul-15 Assuming that all payouts during the period have been reinvested in the units of the scheme at the immediate ex-div NAV. Past performance may or may not be sustained in future. N.A. - Not Available, *Compounded annualized Growth Rate. Past performance may or may not be sustained in the future. Returns : as on 30/06/2017. N.A. Not Available. Returns less than or equal to 1 year are absolute returns. Different plans have different expense structure. The performance details provided herein are of regular plans.

28 Performance details of other schemes managed by the fund manager Mr. Ajay Tyagi 28 Period Scheme Return Fund performance as on June 30, Year 3 years 5 years Benchmark return Scheme Return Benchmark return Scheme Return Benchmark return Fund manager managing the fund since UTI Bluechip Flexicap Fund Dec-15 UTI Equity Fund Jan-16 UTI Mis Advantage Plan Dec-14 UTI Smart Woman Savings Plan Dec-14 Assuming that all payouts during the period have been reinvested in the units of the scheme at the immediate ex-div NAV. Past performance may or may not be sustained in future. N.A. - Not Available, *Compounded annualized Growth Rate. Past performance may or may not be sustained in the future. Returns : as on 30/06/2017. N.A. Not Available. Returns less than or equal to 1 year are absolute returns. Different plans have different expense structure. The performance details provided herein are of regular plans.

29 Registered Office: UTI Tower, 'Gn' Block, Bandra Kurla Complex, Bandra (E), Mumbai Phone: UTI Asset Management Company Ltd. (Investment Manager for UTI Mutual Fund) invest@uti.co.in, (CIN-U65991 MH2002GOI137867). For more information, please contact the nearest UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund Independent Financial Advisor (IFA), for a copy of Statement of Additional Information, Scheme Information Document and Key Information Memorandum cum Application Form Disclaimers: The information in this document is provided for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration. Users of this document should seek advice regarding the appropriateness of investing in any securities, financial instruments or investment strategies referred to on this document and should understand that statements regarding future prospects may not be realized. The recipient of this material is solely responsible for any action taken based on this material, Opinions, projections and estimates are subject to change without notice. UTI AMC Ltd is not an investment adviser, and is not purporting to provide you with investment, legal or tax advice. UTI AMC Ltd or UTI Mutual Fund(acting through UTI Trustee Company Pvt. Ltd.) accepts no liability and will not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of this document, howsoever arising, and including any loss, damage or expense arising from, but not limited to, any effect, error, imperfection, fault, mistake or inaccuracy with this document, its contents or associated services, or due to any unavailability of the document or any part thereof or any contents or associated services. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully