10 Bеst Tax Saving Mutual Funds
by
Tanushree Jaiswal
21st May 2024
This underrated fund generated 33% returns in the last one year
5paisa Research Team
5paisa Research Team
9th December 2022 - 11:06 am
In the last one year, the average return generated by equity mutual funds was 5.4%. Yet this underrated scheme generated returns of 33%. Read on to find out more.
Nifty 500 index generated returns of 4.9% in the past year, while the average returns of equity mutual funds (including sectoral and thematic funds, but excluding exchange-traded funds) stood at 5.4%. Moreover, around 81% of the funds were able to beat the Nifty 500 index.
And among the 81% of the funds, one of the underrated funds generated the highest returns. UTI Transportation & Logistics Fund returned 32.57% in the last one year.
Such solid returns was a result of the rally witnessed in the automobile and ancillaries’ sector. Nifty Auto index in last one year returned 31%. This is the only fund in the equity fund category that is dedicated to the auto sector.
Top 10 holdings
|
UTI Transportation & Logistics Fund |
|
|
Company Name |
% of Assets |
|
Mahindra & Mahindra |
14.0 |
|
Maruti Suzuki India |
13.9 |
|
Tata Motors |
9.8 |
|
Eicher Motors |
9.1 |
|
Bajaj Auto |
7.7 |
|
Adani Ports and Special Economic Zone |
6.5 |
|
Ashok Leyland |
5.2 |
|
Bosch |
2.4 |
|
Hero Motocorp |
2.3 |
|
Apollo Tyres |
2.0 |
|
As on August 31, 2022 |
|
|
Nifty Auto Index |
|
|
Company Name |
Weight (%) |
|
Mahindra & Mahindra Ltd. |
19.9 |
|
Maruti Suzuki India Ltd. |
19.2 |
|
Tata Motors Ltd. |
13.4 |
|
Bajaj Auto Ltd. |
8.5 |
|
Eicher Motors Ltd. |
7.5 |
|
Hero MotoCorp Ltd. |
5.9 |
|
Tube Investments of India Ltd. |
3.8 |
|
TVS Motor Company Ltd. |
3.7 |
|
Ashok Leyland Ltd. |
3.5 |
|
Bharat Forge Ltd. |
3.0 |
|
As on August 31, 2022 |
|
As can be seen in the above two tables, UTI Transportation & Logistics Fund and Nifty Auto index have similar top 10 holdings. Being an active fund, the allocation and stocks might differ between the two. Moreover, this fund not just invests in automobiles, but also in logistics companies.
At present, the Nifty Auto index is trading near its all-time high and is consolidating near 13,500 levels. Hence, it makes sense to review and re-balance your investments in UTI Transportation & Logistics Fund.
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Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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