Uti & #39;S Gsf-Petro Tops Other Open-Ended Peers

The Unit Trust of India's (UTI) Growth Sector Fund-Petrochemical (GSF-Petro) outperformed all its sector-specific funds in the six months ending May 18.

The fund, which focuses on the petrochemical sector, also outperformed the Bombay Stock Exchange (BSE) Sensex and the S&P CNX Nifty during the period.

The net asset value (NAV) of the fund has given a return of 24.26 per cent. In this period, the BSE Sensex had dipped by 6.04 per cent, while the S&P CNX Nifty witnessed a 5.78 per cent fall.

The fund had provided a return of 39.05 per cent in the last 12 months, while the BSE Sensex and the S&P CNX Nifty dipped by 13.33 per cent and 10.42 per cent, respectively.

The NAV of UTI's GSF - Brand has seen a decline of 2.84 per cent in the last six months, while the GSF - Pharma dipped by 10.39 per cent.

GSF - Software, a UTI fund dedicated to the software sector, was the worst hit as its NAV slumped by 48 per cent in the last six months. The service sector-specific fund of UTI has been underperforming the Sensex as its NAV dipped by 16.67 per cent in the last quarter, while that of UGS 10,000 has declined by 4.65 per cent.

The other open-ended equity schemes of UTI also performed more or less in line with the BSE Sensex and S&P CNX Nifty. In the last three months ending May 18, the NAV of Grandmaster '93 has appreciated by 6.58 per cent, while that of Mastergrowth has slipped by 6.25 per cent.

The NAV of Masterplus '91 was down 5.87 per cent, Mastergain '92 down 7.60 per cent and Masterplus '91 fell by 5.87 per cent.