About Our Equity Investment Team Ajay Tyagi, CFA Ankit Agarwal - - PowerPoint PPT Presentation

About Our Equity Investment Team

Vetri Subramaniam Head Equity & Fund Manager

Collective Work Experience of Investment Team

Over 260 Years

Average Work Experience of Fund Managers

Over 21 Years

Average Work Experience of Analysts

Over 10 Years

FMCG – Fast-Moving Consumer Goods; QSR – Quick Service Restaurants; IT – Information Technology; HFC – Housing Finance Company; NBFC – Non-banking Finance Company

Sanjay Dongre

Fund Manager

Swati Kulkarni, CFA

Fund Manager

Ajay Tyagi, CFA

Fund Manager

Sachin Trivedi, CFA

Head of Research & Fund Manager

Amit Premchandani, CFA

Fund Manager Banks, NBFCs, Cement

Kamal Gada, CFA

Fund Manager Overseas Investment Energy, Fertilizer, Media, Chemicals, Pharma

Vishal Chopda, CFA

Fund Manager FMCG, QSR, Retail, Consumer Durable, Telecom

Parag Chavan, CFA

Research Analyst Metals & Mining, Utilities, Building Materials, Sugar, Healthcare, Hotels

Preethi R S

Research Analyst Auto Ancillaries, Insurance, HFC & NBFCs

Sharwan Goyal, CFA

Fund Manager

Deepesh Agarwal

Research Analyst Capital Goods, Textiles Infra - Construction

V Srivatsa

Fund Manager

Rajeev Kumar Gupta

Fund Manager

Akash Shah

Research Associate

Ayush Harbhajanka

Research Associate

Nitin Jain

Research Analyst IT, Internet Sector, Oil & Gas

Ankit Agarwal

Fund Manager

2

Amandeep Chopra

Head of Fixed Income MBA Total Exp: 27 yrs With UTI MF: 25 yrs

Mutual Fund PMS, Retirement Solution & Offshore

Ayushi Rathore Research Analyst CA

Total Exp: 2 yrs With UTI MF: 1 Week

Manish Joshi

Fund Manager MSc, MFM Total Exp: 22 yrs With UTI MF: 22 yrs

Shilpita Guha

CIO MSc (Economics), MBA Total Exp: 30 yrs With UTI MF: 30 yrs

Rahul Aggarwal

Portfolio Manager BE, MBA (Finance) Total Exp: 10 yrs With UTI MF: 3 yrs

Sudhir Agarwal

Fund Manager MBA & CFA Total Exp: 14 yrs With UTI MF: 10 yrs

Ritesh Nambiar

Fund Manager MBA, CFA & FRM Total Exp: 14 yrs. With UTI MF: 11 yrs

Sunil Patil

Fund Manager MFM & M.Com Total Exp: 30 yrs. With UTI MF: 30 yrs

Amit Sharma

Fund Manager CA,FRM Total Exp: 11 yrs. With UTI MF: 11 yrs

Subhradeep Mitra Research Analyst MBA (Finance)

Total Exp: 7 yrs With UTI MF: 1 Yr

Pratik Jain Research Analyst MBA (Finance)

Total Exp: 6 yrs With UTI MF: 1 Yr

Research

About Our Fixed Income Team

3

Board of Directors

(Internal Norms/Delegation)

Scheme Offer Document

(Investment objective/Guidelines)

Fund Managers & Investment Committee Debt & Economic Research Reports Meeting & Conference Calls Newswire & Bloomberg External Inputs Investment Decision Execution

Independent Dealing team

Control Mechanism /Function

I Compliance I Risk Management I I Audit I

Dealing Team

Provides market inputs on Call market, Gsec & Corp. Debt

Inputs from UTI Research Team Internal Inputs Inputs from Strategic Partner

I Risk Management I I Fixed Income Steering Committee I I Meeting with Board of Directors I

Review Mechanism

4

Fixed Income Investment Process

Return Level

UTI Arbitrage Fund

Risk Level Arbitrage Equity Savings Multi Asset Fund Aggressive Conservative

UTI Regular Savings Fund UTI Equity Savings Fund UTI Multi Asset Fund UTI Hybrid Equity Fund

Solution/Insurance (Debt)

Solution (Equity) UTI ULIP UTI CCF-Savings UTI RBP UTI CCF- Investment Plan 5

Hybrid product positioning – Hybrid & Solution

6 Its not only about leisure travel, golf and grand children Its not just creating a nest egg Its not a deferred planning – It is an empowerment towards seeing life’s all possibilities – Money harmony, peace of mind, health richness & Joyful moments through a well backed up Retirement plan

Retirement planning – A Perspective

Young adult Married Adult Parents with or without children Pre retirement Retirement Spending years

58 Yrs

Consumption

Child’s Education Child’s Marriage Housing 25 Yrs

7

Road to Retirement

Medicare cost

>Medical Inflation is far higher than core inflation rate >Significant rise in out of pocket expense towards treatment Inflation The potential threat which erodes purchasing power. The expected average inflation in the country is around 5% . Longevity >Life expectancy in the country has gone up in last decade by 5 years. >But a long life increases the chance

• f disease burden.

Withdrawal The amount the retiree takes from saving or investment each year has a decisive impact on the sustainability

• f retirement corpus.

There could be incident where the kitty may fall short in the middle of the journey.

8

Retirement Planning – Key Concerns

Source: Money Today, % increase in Medicare are in absolute terms

✓ Job longevity…and hence a higher degree of retirement security ✓ Shorter life expectancies on average ✓ Relatively lower medical care cost ✓ Relatively Lower retirement income needs ✓ Joint Family Structure ✓ Job shuffle is common , indecisive work longevity ✓ Higher life expectancies ✓ Growing cost of medical & healthcare ✓ Uncertainties in terms of social security cover ✓ Nuclear family structure

9

The changing face of Retirement

▪ To continue with the lifestyle you are currently used to, ▪ To adequately provide for unseen events ▪ To go for unfulfilled dreams Leisure travel , Mansion etc ▪ However, keep the following in mind ▪ Desired Lifestyle will decide the corpus required ▪ Retirement is closer than you can think of 10

What do you aspire in your sunset years ?

• Experts say one may require around 70% 80% of your final working years annual income each year to meet your retirement needs,

Case illustration Mr. Kumar is a 40 yrs old working executive and he plans to retire at the age of 60 yrs. He needs to build a financial support package to be utilized 20 years hence. Step 1 Estimation of current needs Suppose Mr. Kumar’s current annual income is Rs. 5 Lacs and he saves around Rs. 1 loc . Hence, he will require 4 lacs annually to maintain and meet the current needs Step 2 Adjustment of Inflation As a second step. Mr Kumar needs to arrive at the time period for which nest egg is to be built up. Further he has to take into account the inflation for next 20 years . Assuming 8% average annual inflation rate, the inflation adjusted amount would be,

• Rs. 4,00,000 *( (1.08)^ 20) = 18,64,000 lacs (This is amount Mr. Kumar would require every year to enjoy his current lifestyle.

Step 3 Estimating Nest egg based on life expectancy Since Mr. Kumar has estimated 20 yrs post retirement life , he would require around,

• Rs. 18,64,000 * 20 = Rs. 3,72,80,000

This is a basic calculation and user of this information should not consider it as guidance or recommendation towards investment decision. User is advised to consult their investment advisor for his/her investment decision.

11

What should be the size of the nest egg ?

Targeted Amount Saving Required Today How much are you saving

Annually Monthly

1 cr 3 crs 5 crs 84,882 2,54,647 4,24,411 6,696 32,982 19,789 ??? ??? ???

Calculation methodology: Targeted amt mentioned is hypothetical , Annual & Monthly amount arrived through present value annuity formula , Interest considered 15% Time period assumed 20 years This is for illustration purpose only and user of this information should not consider it as guidance or recommendation towards investment decision. User is advised to consult their investment advisor for his/her investment decision.

12

Are you saving enough ?

▪ Rs.500 today is not the same as Rs.500 in the year 2020 or 2030. ▪ Money’s purchasing power changes by the mere passage of time due to,

➢ Inflationary forces ➢ Consumption preferences ➢ The uncertain nature of the future ➢ The Human life value factor

13

Consider inflation also…!

The Impact of Inflation monthly expenses growing

• ver a period of time

The impact of Inflation value of savings

• ver a period of time

25,000 19,480 15,179 11,827 9,216 Today 5 yrs 10 yrs 15 yrs 20 yrs 25,000 32,084 41,175 52,843 67,816 Today 5 yrs 10 yrs 15 yrs 20 yrs

The illustration of the impact of inflation expense / savings Inflation considered at 5% on a monthly basis , Time Period assumed 20 years This is for illustration purpose only and user of this information should not consider it as guidance or Recommendation towards investment decision. User is advised to consult their investment advisor for his/her investment decision.

14

Impact of Inflation

10000 20000 30000 40000 50000 60000 70000 80000 Today 5 yrs 10 yrs 15 yrs 20 yrs Expenses

Gap on account of rising expense and deceasing value of savings based on previous slide This is for illustration purpose only and user of this information should not consider it as guidance or Recommendation towards investment decision. User is advised to consult their investment advisor for his/her investment decision.

15

And the gap…

Fixed Deposit Pension Policies from Insurance companies Pension Funds Gold Public Provident Fund Mutual Funds Property 16

Investment options for Retirement Planning

Mutual Funds

Long term capital growth Systematic investment plan Multiple

• ptions to

choose from Special features like switch & SWP Flexible liquidity (Lump Sum

• r SWP)

Tax efficiency

SWP – Systematic withdrawal Plan

17

Advantage – Mutual Fund

2.27 Crores 76.56 Lakhs

A difference of Rs. 6,00,000/ in amount invested made an enormous to the end corpus . (assuming a monthly compounding rate of 10% . Payment at the beginning of the period)

Who will save more by 60 yrs of age ?

Start Now Start later

Saved ` 10000/ per month from the age 30 to 60 Saved ` 10000/ per month from the age 35 to 60

This is for illustration purpose only and user of this information should not consider it as guidance or recommendation towards investment decision. User is advised to consult his /her investment advisor for his/her investment decision.

Cost

• f

Delay

18

Get going early

Underestimating the longevity Ignoring rising cost of health care Not going for long term planning Delaying the Plan Not saving and investing enough Relying on company’s pension plan Ignoring tax implications

19

Mistakes to avoid in Retirement Planning

❑ Retirement Planning should be a holistic process ❑ Investor’s individual assessment is of paramount importance ❑ An early step taken becomes a milestone in sunset years ❑ Saving & Investing The key building blocks to the planning ❑ Mutual Funds a steady long term vehicle to retirement planning

20

In Summary

The minimum amount

• f

each investment that can be made in the scheme is `500/ (purchase value). While there is no upper limit upto which any amount can be invested in the scheme in any year,

• Mr. Amandeep S. Chopra

(Debt portfolio) – B.S.c. MBA [FMS Delhi]

• Mr. V Srivatsa (Equity portfolio)

C.A., ICWA & MBA (IIM Indore) An open ended retirement solution

• riented scheme having a lock in of

5 years

• r

till retirement age (whichever is earlier)

Type of scheme

26th December, 1994

Fund Inception Fund Manager Benchmark

CRISIL Short Term Debt Hybrid 60+40 Fund Index

Asset Allocation 21

Instruments Indicative Allocation (% of Total Assets) Risk Profile Minimum Maximum Debt and Money Market instruments (including securitized debt)* 60% 100% Low to Medium Equity & Equity related instruments 0% 40% Medium to High Units issued by REITs & InvITs 0% 10% Medium to High

Minimum Investment#

Refer Scheme Information Document for more details. #it may be noted that under current tax laws only a sum upto `1,50,000/ along with other specified investments is entitled for tax benefit in a year under section 80 C of Income Tax Act, 1961.

The investment objective of the scheme is primarily to generate a corpus to provide for pension in the form of periodical income / cash flow to the unit holders to the extent of redemption value

• f their holding after the age of 58 years by investing in a mix of

securities comprising of debt & money market instruments and equity & equity related instruments.

Investment Objective

*The fund may invest up to 50% of its debt portfolio in securitized debt

UTI Retirement Benefit Pension Fund – Fund Snapshot

1 2 3 4 5

Equity portfolio is managed as a multi cap fund with large cap bias (at 65%) and the balance in mid and small caps Large cap stock selection done on the basis of top down approach while mid cap on the basis of bottom up approach Large cap selection done on the basis of sectors likely to outperform the markets after a thorough analysis of the macro and focus on top companies in the respective sectors Mid cap exposure done on bottom up basis by identifying companies with good growth potential , good return ratios , strong track record of corporate governance and available at reasonable valuations Diversified portfolio of 40-50 stocks with strict concentration limits to mid cap stocks. Portfolio would managed on a conservative manner avoiding high exposure to high beta and volatile sectors and stocks 22

Investment Strategy - Equity

1 2 3

Maintain Debt portfolio with focus on corporate debt with average maturity in the range of 3 to 4 yrs and portfolio of high quality credits (A+ and above ) and intends to focus more on accrual strategy. Tactical allocations to G-Sec based on the overall fixed income strategy of the fund house Portfolio management based on interest rate outlook, credit quality, liquidity and broad debt market environment 23

4

Focus on minimizing credit risk

Investment Strategy – Fixed Income

Fund Size: Monthly Avg. AUM : ` 2,766 Crs Last Day AUM : ` 2,785 Crs

• No. of Unit Folios

: 21,32,817

Fund Snapshot Quantitative Indicators*

Beta : 1.02 SD(Annual) : 5.63% PTR (Annual) : 0.77 Sharpe Ratio :

• 0.11

56

• No. of Stocks

32.76% / 48.02%

Top 5 / Top 10 Stocks

76.7% / 95.83%

Top 5 / Top 10 Sectors

• 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 December, 2019

• Wtd. Avg. MCap

: 1,50,549 Active Share* : 64.18%

Portfolio Characteristics 24

12.11%

Outside Benchmark

* Based on total assets of the Scheme

* The Equity exposure in the scheme is rebased to 100 for calculating Top 5/Top 10 Stocks/Sectors and outside benchmark

*Active Share calculated vis-a-vis S&P BSE 200 TRI

Portfolio Composition#

ROCE R1 : 52% R2 : 28% R3 : 20% Operating Cash Flow C1 : 90% C2 : 8% C3 : 2%

Fund Facts - Equity

Equity : 40 ; Debt : 51 ; NCA : 9

Current Asset Allocation (% to NAV)

Equity Top 20 Holdings

STOCK NAME SECTOR % to NAV

• Act. Wt %

ICICI BANK LTD FINANCIAL SERVICES 8.99 3.59 INFOSYS LTD. IT 7.71 3.44 HDFC LTD. FINANCIAL SERVICES 6.58 0.10 ITC LTD. CONSUMER GOODS 6.11 2.94 BHARTI AIRTEL LTD. TELECOM 3.37 2.02 STATE BANK OF INDIA FINANCIAL SERVICES 3.35 1.39 INDUSIND BANK FINANCIAL SERVICES 3.27 1.85 SUN PHARMACEUTICALS INDUSTRIES PHARMA 3.27 2.54 AXIS BANK LTD. FINANCIAL SERVICES 3.26 0.57 NTPC LTD. ENERGY 2.11 1.32 GAIL ( INDIA )LTD. ENERGY 2.08 1.74 LUPIN LTD. PHARMA 1.85 1.56 TATA STEEL LTD. METALS 1.85 1.29 HERO MOTOCORP LTD. AUTOMOBILE 1.83 1.33 LIC HOUSING FINANCE LTD. FINANCIAL SERVICES 1.69 1.48 FEDERAL BANK LTD. FINANCIAL SERVICES 1.62 1.35 TATA POWER COMPANY LTD. ENERGY 1.56 1.40 PHOENIX MILLS LTD CONSTRUCTION 1.55 1.55 CADILA HEALTHCARE LTD. PHARMA 1.54 1.44 MPHASIS LTD IT 1.52 1.39

Top 10 Unique Stocks

(As compared to S&P BSE 200 TRI – Sub indices of Benchmark Crisil Short Term Debt Hybrid 60:40 Fund Index

STOCK NAME SECTOR % to NAV

PHOENIX MILLS LTD CONSTRUCTION 1.55 MULTI COMMODITY EXCHANGE OF IN FINANCIAL SERVICES 1.19 DCM SHRIRAM LTD. CONSUMER GOODS 1.08 VARDHMAN TEXTILES LTD. TEXTILES 1.06 ERIS LIFESCIENCES LTD PHARMA 1.03 GHCL LTD. CHEMICALS 0.99 HERITAGE FOODS LTD. CONSUMER GOODS 0.9 NAVA BHARAT VENTURES LTD. ENERGY 0.8 MAHINDRA LIFESPACE DEVELOPERS CONSTRUCTION 0.77 SATIN CREDITCARE NETWORK LTD FINANCIAL SERVICES 0.75

Portfolio above shows Top 20 Equity holdings under the scheme, for detailed portfolio visit www.utimf.com

• Act. Wt % Active Weight % (as compared to the S&P BSE 200 TR (sub index of Crisil Short Term Debt Hybrid 60:40 Fund Index). Data as of December, 2019.

25

* The Equity exposure in the scheme is rebased to 100 for calculating Active weights

Portfolio - Equity

Sectoral Breakdown (in %)

As compared to S&P BSE 200 TRI – Sub index to Scheme benchmark

Large: 64 | Mid: 24 | Small: 12 Market Capitalization (% of Equity portion)

Overweight (Top 5) Underweight (Top 5) ICICI BANK LTD HDFC BANK LIMITED INFOSYS LTD. RELIANCE INDUSTRIES LTD. ITC LTD. TATA CONSULTANCY SERVICES LTD. SUN PHARMACEUTICALS INDUSTRIES KOTAK MAHINDRA BANK LTD. BHARTI AIRTEL LTD. HINDUSTAN UNILEVER LTD

Active Stock positions (as compared to S&P BSE 200 TRI)

Sectoral breakdown shows select sectors & Portfolio above shows Top 10 Equity holdings under the scheme, for detailed portfolio visit www.utimf.com All data as of December, 2019. S&P BSE 200 TR is sub index of CRISIL Short Term Debt Hybrid 60+40 Fund Index..

26

* The Equity exposure in the scheme is rebased to 100 for calculating Overweight/Underweight & Top 10 Sectors.

Portfolio – Equity Portion

0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00

FINANCIAL SERVICES ENERGY IT CONSUMER GOODS PHARMA CONSTRUCTION METALS AUTOMOBILE TELECOM TEXTILES INDUSTRIAL MANUFACTURING CHEMICALS MEDIA & ENTERTAINMENT SERVICES CEMENT & CEMENT PRODUCTS UTI - Retirement Benefit Pension Fund BSE200

Portfolio shows select holdings. Portfolio data as on December, 2019

Top 10 Holdings & G Sec (in %) Credit Profile of Debt (% of debt portion)

Average Maturity : 5.09 years Modified Duration : 3.66 years YTM : 9.69%

Quantitative Indicators

Excluding net current assets

27

* The debt exposure in the scheme is rebased to 100 for calculating credit profile of debt papers.

Long Term Debt (Rating) Credit Rating % to NAV

INDIAN RAILWAYS FIN CORPN LTD. CRISIL AAA 5.8 HDFC LTD. CRISIL AAA 3.61 GREEN INFRA WIND ENERGY LTD CRISIL AA(SO) 3.59 INDIABULLS HOUSING FINANCE LTD. ICRA AA+ 3.27 HOUSING AND URBAN DEVELOPMENT CORPN ICRA AAA 2.3 STATE BANK OF INDIA CRISIL AA+ 2.24 REC LTD CRISIL AAA 1.81 INDOSTAR CAPITAL FINANCE LTD. CARE AA- 1.74 CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD CARE AA+ 1.7 ANDHRA BANK CARE AA 1.53

G Sec (SOV)

7.26% GSEC 14/01/29 SOV 4.44 7.32% GS 28/01/2024 SOV 1.85 6.45% GSEC MAT - 07/10/2029 SOV 1.78 7.95% GOI 28/08/2032 SOV 0.39

Portfolio – Fixed Income

1.19 1.29 1.8 2.32 3.65 4.59 8.1 16.63 16.93 43.5 10 20 30 40 50 BBB- A A+ D(SO) AA AA- AA(SO) SOV AA+ AAA/A1+

Major Portfolio Changes

Increase in Allocation

(Top 3 Stocks)

Decrease in Allocation

(Top 3 Stocks)

Increase in Allocation

(Top 3 Sectors)

Decrease in Allocation

(Top 3 Sectors)

Stocks Entered

(Top 5)

Stocks Exited (Top 5)

28

All data as of December, 2019

Portfolio Commentary

▪ The fund seeks to identify value across the three buckets – growth

• pportunities not appreciated by market , high quality companies at

very reasonable valuations and pure deep value companies which are available at deep discount to their intrinsic worth. ▪ The fund has a value orientation in its approach and seeks to invest in sectors where long term fundamentals is still intact and are available at reasonable valuations, in this the preferred sectors are Power utilities , Healthcare , corporate oriented banks and NBFC. ▪ The fund increased exposure in financials and metals in the last quarter . Financials was led by increasing weights in both corporate oriented banks and NBFC which were at attractive valuations . In metals , we believe the risk reward is very favorable given the likely bottom of the metal prices and attractive valuations. ▪ The fund would be looking at opportunities in auto and auto ancillaries and reduce exposure in the IT sector. ▪ The fund continues to be underweight on consumers , retail oriented banks and Industrial manufacturing largely on valuation concerns However it is looking at opportunities in the Industrials space ▪ The fund has a good degree of small caps in sectors such as textiles, chemicals and healthcare which are largely growth oriented stocks at very favorable valuations.

Portfolio Snippets (Equity Composition)

• INFOSYS LTD.
• HDFC LTD.
• ITC LTD.
• LARSEN & TOUBRO LTD.
• ICICI BANK LTD
• MULTI COMMODITY EXCHANGE

OF IN

• HINDUSTAN ZINC LTD.
• GUJARAT STATE PETRONET LTD.
• AJANTA PHARMA LTD.
• BAJAJ CONSUMER CARE LTD
• GRASIM INDUSTRIES LTD.
• APOLLO TYRES LTD.
• HDFC BANK LIMITED
• NIIT LTD.
• NLC INDIA LTD
• CONSUMER GOODS
• PHARMA
• IT
• CONSTRUCTION
• CEMENT & CEMENT PRODUCTS
• AUTOMOBILE

Period Fund Performance Vs Benchmark Growth of ` 10,000/ NAV (%) CRISIL Short Term Debt Hybrid 60+40 Fund Index (%) Crisil 10 year Gilt Index (%) NAV (`) CRISIL Short Term Debt Hybrid 60+40 Fund Index (`) Crisil 10 year Gilt Index (`) 1 Year

• 1.03

10.03 10.46 9897 11003 11046

3 Years

4.62 10.38 5.39 11451 13448 11706

5 Years

5.82 8.94 7.64 13271 15348 14453

Since Inception 10.22 N/A N/A

114231

N/A N/A

Fund Performance Vs Benchmark (as of 31/12/2019)

Source: MFIE. 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 Retirement Benefit Pension Fund : Dec 26, 1994 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 December 2019 (Since SIP facility was introduced in November 2004). For performance of other funds managed by the same Fund Manager, please refer the Slide No. 33. The current fund manager Mr. V Srivatsa (Equity portion) is managing the fund since Sep 2009 and fund manager Mr. Amandeep Chopra (Debt portion) is managing the fund since Dec 2006.

Period Investment Amount (`) Value Fund (`) CRISIL Short Term Debt Hybrid 60+40 Fund Index (`) Yield Fund (%) CRISIL Short Term Debt Hybrid 60+40 Fund Index (%) 1 Year

120000 120275 126759 0.42 10.60

3 Years

360000 365274 410560 0.95 8.73

5 Years

600000 664833 756384 4.05 9.20

Since Inception*

1810000 3449640 4085332 8.07 10.07

Systematic Investment Plan (SIP) Returns (as of 31/12/2019) 29

Performance Track Record

▪ A notified Retirement solution scheme ▪ More than 25 years of performance track record ▪ Offers opportunity to save tax on investment under Sec 80C of IT Act, 1961 ▪ Pension in the form similar to annuity

• Investor can opt to receive the accumulated investment in the form

similar to annuity by way of SWP.

Suitable for:

▪ Investors who are looking to build a nest egg for their retirement planning ▪ Investors looking to save tax under sec 80 C **

30

$Tax advantage is subject to prevailing tax regulations . *LTCG Long Term Capital Gains as per new tax law as STCG – Short Term Capital Gains. The rates are applicable for the financial year 2018-19 Investor may consult his/her financial advisor before arriving at any investment decision. Past performance or may not be sustained in the future. ** Tax benefit under 80 C of the income tax act, 1961 Contribution made will be eligible for deduction of the whole of the amount paid or deposited subject to a maximum of

• Rs. 150,000. Tax benefits u/s 80C under the Income Tax Act, 1961/ exemptions are subject to prevailing tax laws

Why invest in UTI Retirement Benefit Pension Fund ?

➢ Investors after accumulation up to the retirement age can opt to receive cash flow in the form of annuity by repurchasing the units over a period of time indicated by him/her. ➢ Payment Periodicity - Monthly, Quarterly, Half yearly and Yearly. ➢ Minimum Amount of Redemption – Rs 1000/ The redemption will continue till the

• utstanding amount in the folio is reduced to nil.

➢ Redemption of units - Redemption of units under the SWP will be made on the 1st business day of the due month at the prevailing NAV as on that date. Redemption

• f units on FIFO basis for the purpose of computing capital gains, if any.

32

How UTI RBPF facilitates annuity payment through SWP ?

“Give a man a fish and he eats for a day. Teach a man to fish and he eats for a lifetime.” ― Jon R. Orcutt “Retirement can't be bought on credit, therefore, you need to do your retirement lifestyle planning to fit within your means” unknown “Planning Makes Retirement Work"... Dr. David Demko

33

Some thoughts on Retirement Planning

Performance details of other schemes managed by the fund manager – Mr. Amandeep S. Chopra Performance details of other schemes managed by the fund manager – Mr. V Srivatsa

Scheme

Benchmark 1 Year (%) 3 Years (%) 5 Years (%) Fund Benchmark Fund Benchmark Fund Benchmark UTI Gilt Fund CRISIL Dynamic Gilt Index

11.83 10.19 7.42 6.36 8.72 8.15

UTI Money Market Fund (along with Mr. Amit Sharma) CRISIL Money Market Index

7.98 7.57 7.47 7.39 7.68 7.66

UTI Liquid Cash Plan (along with Mr. Amit Sharma) CRISIL Liquid Fund Index

6.63 6.86 6.91 7.03 7.33 7.36

UTI Bond Fund CRISIL Medium To Long Term Debt Index

• 5.84

10.85 0.49 7.07 4.20 8.60

UTI Dynamic Bond Fund CRISIL Dynamic Debt Index

• 3.85

10.41 1.76 6.91 5.30 8.37

UTI Unit Linked Insurance Plan (Debt Portion) CRISIL Short Term Debt Hybrid 60-40 Fund Index

0.24 10.03 6.36 10.38 6.45 8.94

Scheme

Benchmark 1 Year (%) 3 Years (%) 5 Years (%) Fund Benchmark Fund Benchmark Fund Benchmark UTI Equity Savings Fund (Equity portion) CRISIL Equity Savings Index

4.32 9.89

NA NA NA NA UTI Hybrid Equity Fund (Equity portion) CRISIL Hybrid 25-75 Aggressive

2.48 10.6 6.73 12.77 6.26 9.50

UTI Healthcare Fund S&P BSE Healthcare TRI

1.18

• 2.8
• 0.21
• 2.40

0.16

• 1.20

UTI Core Equity Fund NIFTY Large Midcap 250 TRI

1.45 6.03 8.09 13.15 5.58 9.84

UTI RBP Fund (Equity portion) CRISIL Short term debt Hybrid 60 40 Fund Index

• 1.03

10.03 4.62 10.38 5.82 8.94

• a. Mr. V Srivatsa manages 5 open-ended schemes of UTI Mutual Fund.
• b. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.
• c. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).
• a. Mr. Amandeep Chopra manages 11 open-ended schemes of UTI Mutual Fund.
• b. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.
• c. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).
• d. The performance data of the top 3 and bottom 3 schemes managed by Mr. Amandeep Chopra has been provided herein.

34

Data as of December,2019

Mutua ual l Fund Investments are subject ct to market et risks ks, , read all scheme relate ated document uments caref efully ully

Registered Office: UTI Tower, 'Gn' Block, Bandra Kurla Complex, Bandra (E), Mumbai

• 400051. Phone: 022 – 66786666. UTI Asset

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