UTI Master Plus Unit Scheme

UTI Master Plus Unit Scheme is being managed by Sanjay Dongre. Sanjay has an exemplary track record. The fund’s performance has just hovered around the average returns of funds in its category. If you hold units in this fund keep a close watch on its performance.

Where does UTI Master Plus Unit Scheme invest your money?

UTI Master Plus Unit Scheme is a large cap fund which means most of your money will be invested in stocks of large companies. And just to give kicker returns the fund has some exposure in mid cap companies as well. Large cap companies tend to be stable compared to mid cap and small cap companies. UTI Master Plus Unit Scheme has 7% exposure to mid size companies and 0.85% exposure to small size companies and 91% in stocks of large cap companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for?
  • Creating wealth
  • Lifestyle needs
  • Short term needs
How much to invest?

Minimum one time investment is Rs 5000 and minimum SIP is Rs 500 per month. You can make UTI Master Plus Unit Scheme as part of your core portfolio. Core portfolio is investments that are made for your basic goals and makes up about 70% of your investment portfolio. Do not do the mistake of investing in too many mutual fund schemes. At any point of time do not have more than two mutual fund schemes in your core portfolio.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Recommended
How has UTI Master Plus Unit Scheme performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Dec 1991, your value of investments would be around Rs 7.64 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.17 lakhs. The performance has not been better than other large cap mutual funds. The fund has been giving at around 3.4% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in UTI Master Plus Unit Scheme through SIP for the past 5 years today you would have around Rs 7.8 lakhs.

When to review the performance?

Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance twice a year. Too much attention is not good.

What charges apply?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of UTI Master Plus Unit Scheme is 2.11%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

When to exit?

Withdraw when your goals are close to achievement. Do not remove the money when the markets go up or down. Do not panic. Stick to your goals.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. UTI Master Plus Unit Schemedoes not qualify for sec 80C ELSS benefits.

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