Uti: Sensex Shares Comprise 75% Of Investment Value

Just 30 companies or the Bombay Stock Exchange Sensex scrips accounted for 75 per cent of the total market value of Unit Trust of India's (UTI) aggregate equity portfolio of Rs 11,861 crore spread across all its schemes as on June 30, 2001.

And if you look at the Nifty scrip holdings in the UTI equity portfolio, it stood at Rs 9,647.54 crore or over 81 per cent of the market value of its aggregate equity portfolio. This however excludes UTI's exposure to equity in its offshore funds, US-64 and the development reserve fund.

UTI's equity portfolio, no pun intended, could be an equity collector's dream. From household names like Hindustan Lever, Reliance Industries, Infosys, Satyam, Nestle, Tata Steel and Tata Engineering, it has companies like Goldiam International, Via Media India, Ferro Concrete and Kanakdhara Steel which not many would have even heard of.

In all, the mutual fund has exposure in over 740 listed companies, including many actively traded as well as huge number of illiquid stocks. The top 100 companies in UTI's equity portfolio in terms of market value as on June 30 this year accounted for almost 95 per cent or Rs 11,209 crore of its aggregate equity market value.

Over 470 companies had market value less than Rs 1 crore in the mutual fund behemoth's equity portfolio as on June 30 this year.

The market value of top five companies in the UTI portfolio, ITC, HLL, Reliance Industries, Infosys and Hindalco Industries at Rs 5,782 crore accounted for almost 50 per cent of the market value of its total exposure to equity.

While ITC at Rs 1,373.71 crore tops the list, HLL at Rs 1,366 crore, Reliance Industries Rs 1,315 crore, Infosys Rs 1,227 crore and Hindalco Industries at Rs 499 crore follow it.

However, UTI's exposure to Sensex scrips accounts for just 3.42 per cent of the total Sensex market capitalisation as on June 30, 2001. The Sensex scrips total market capitalisation stood at Rs 2,60,411 crore as on the date. The Nifty scrips in UTI portfolio account for a lesser percentage of 3.26 per cent of the total Nifty market capitalisation of Rs 2,96,097 crore as on June 30.