UTI Services Industries Fund

UTI Services Industries Fund is a sector-specific fund. This fund is managed by Arun Khurana. The fund has performed better than its peers in most periods. Sector funds are risky to invest in and the key to make money out of them lies in entering and exiting them at the right time.

Where does UTI Services Industries Fund invest your money?

UTI Services Industries Fund is a services sector fund which means your money will be invested in stocks of companies in the financial services, education and training, telecom, travel, hospitality and entertainment industries. 74% of the assets have exposure to stocks of large companies in these industries. Large cap companies tend to be stable compared to mid cap and small cap companies. UTI Services Industries Fund has 13% exposure to mid size companies and 13% exposure to small size companies.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
  • Short term needs
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 No exit load applies for units withdrawn post one year.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 Services Industries Fund is 2.35%. 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.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Recommended
How has UTI Services Industries Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at June 1999, your value of investments would be around Rs 5.7 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.15 lakhs. The performance has been better or similar to other large cap mutual funds. The fund has been giving at around 3% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in UTI Services Industries Fund through SIP for the past 5 years today you would have around Rs 8 lakhs. 

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

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 Services Industries Fund is 2.36%. 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.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. UTI Services Industries Fund does not qualify for sec 80C ELSS benefits

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