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UTI Multi Asset Allocation Fund has been posting strong performance since Sharwan assumed responsibility for the fund in 2021. Its latest 12 month performance saw it deliver a huge 12% alpha over peer group average, placing it at No.2 position out of 26 funds in the category.
Sharwan’s integrated investing approach which combines fundamental analysis with keen observation of market signals has enabled him to be on the right side of the curve from a style perspective (growth vs value) as well as nimbly capturing sectors with momentum to drive alpha in the portfolio.
After riding the cap goods / infrastructure rally, he is now taking profits and reducing overweight positions, which is what he is doing with his auto sector plays as well. After being hugely underweight banks, he has now started building positions and is looking keenly at IT and FMCG to add fresh positions, sensing another round of sector rotations that can play out in the coming months.
The fund has 57% exposure to equity, 18% to gold and the balance in debt/cash. Equity exposure has varied from a low of 45% to a high of 65%.
A serious fund indeed to look at based upon the conversation.
