Broadly speaking, funds from UTI Mutual Fund fail to inspire too much confidence; albeit a fund like UTI-Master Value has pitched in impressive performances over longer time frames.
But even this fails to impress when you consider that it was outperformed by its benchmark index. Also the fund house in its current avatar has been in existence for a relatively shorter time frame and may be it is prudent to give it some more time before it establishes its credentials beyond being just a large and well-known fund house.
We believe that while the 'dividend yield' concept has merit from a diversification perspective, investors need to explore existing funds in that category before looking at UDY.
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