Uti Asset Management Co. Ltd. · NSE:UTIAMC
Uti Asset Management — Investor Presentation (May 2023)
16 slides from Uti Asset Management's investor presentation, May 2023
Slide 1: Equity Market Insight
Equity Market Insight May 2023 Information MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS Classification: UTI AMC - Confidential CAREFULLY.
Slide 2: Domestic Sectors Performance
Domestic Sectors Performance 1 Month 3 Months 1 Year NIFTY SMALLCAP 100 7.5% NIFTY MIDCAP 100 3.6% NIFTY MIDCAP 100 6.4% BROAD MARKET INDICES NIFTY MIDCAP 100 5.9% NIFTY 50 2.3% NIFTY 50 5.6% NIFTY 500 4.5% NIFTY 500 1.9% NIFTY 500 3.0% NIFTY NEXT 50 4.5% NIFTY SMALLCAP 100 1.8% NIFTY 100 2.6% NIFTY
Slide 3: Global Markets Performance
Global Markets Performance 1 Month 3 Months 1 Year INDIA FRANCE 5.8% FRANCE 14.7% 4.1% RUSSIA JAPAN 5.6% GERMANY 12.9% 3.7% UK 3.1% GERMANY 5.2% CHINA 9.1% SWITZERLAND 3.0% RUSSIA 3.2% SOUTHAFRICA 8.0% GLOBAL MARKET INDICES JAPAN 2.9% INDIA 2.3% JAPAN 7.5% SOUTHAFRICA 2.8% CHINA 2.1% INDIA 5.6% BRAZ
Slide 4: Earnings Trend
Earnings Trend S&P BSE Sensex EPS Trend Nifty 50 EPS Trend 18% 44% 2% 938 775 794 457 485 489 539 314 341 356 399 399 395 407 268 240 251 225 161 172 131 92 Mar-23E Mar-24E Mar-93 Mar-94 Mar-95 Mar-96 Mar-97 Mar-98 Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 M
Slide 5: Earnings Expectations
Earnings Expectations Trend in Consensus Nifty 50 EPS0 FY21 FY22 FY23 FY24 FY25 1200 1,133 1100 1000 983 900 Nifty 50 EPS 832 800 700 733 600 500 533 400 Apr-20 Aug-20 Dec-20 Apr-21 Aug-21 Dec-21 Apr-22 Aug-22 Dec-22 Apr-23 5 Information Classification: UTI AMC - Confidential Source: Bloomberg. Data
Slide 6: P/E valuations
P/E valuations Nifty 50 Trailing P/E Nifty 50 Forward P/E Trailing P/E Average P/E +1 std dev -1 std dev Forward P/E Average P/E +1 std dev -1 std dev 30 24 28 22 EXPENSIVE 26 EXPENSIVE 20 24 23.7 P/E Multiple 18.7 P/E Multiple FAIRLY VALUED 22.58 18 22 FAIRLY VALUED 18.32 20 20.3 16 16.1 18 14 16.8
Slide 7: P/B Ratio & RoE
P/B Ratio & RoE Nifty 50 Trailing P/B Nifty 50 Return on Equity (RoE) Trailing P/B Average P/B +1 std dev -1 std dev Return on Equity 4.0 20 EXPENSIVE 3.5 18 3.5 FAIRLY VALUED 3.33 P/B Multiple 16 3.0 RoE 2.9 14.20 14 2.5 2.3 12 2.0 CHEAP 10 1.5 8 May-13 May-15 May-17 May-19 May-21 May-23 May-13 May
Slide 8: P/B Ratio: Mid caps & Small caps
P/B Ratio: Mid caps & Small caps Nifty Midcap 150 Trailing P/B Nifty Smallcap 250 Trailing P/B Trailing P/B Average P/B +1 Std Dev -1 Std Dev Trailing P/B Average P/B +1 Std Dev -1 Std Dev 4.5 4.0 4.0 EXPENSIVE 3.5 EXPENSIVE 3.14 3.6 3.5 3.0 3.0 FAIRLY VALUED 3.26 FAIRLY VALUED P/B Multiple P/B Mult
Slide 9: Equities v/s Bonds
Equities v/s Bonds Nifty 50 Yield vs 10 Year G-Sec Yield Yield Difference Avg. Yield Differnce 3 2 Long-term Yield difference -1.07% 1 Yield Difference (%) EQUITIES FAVORABLE - (1) (2) FIXED INCOME FAVORABLE Current Yield difference -1.58% (3) May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20
Slide 10: Large caps v/s Mid caps
Large caps v/s Mid caps Nifty 50 valuations versus Nifty Midcap 100 Nifty 50 P/E premium over Nifty Midcap 100 Index P/E (LHS) Average (LHS) 20% 10% Long Term Average: -0.89% 0% -10% -20% -30% Nifty P/E Premium: -15.09% -40% May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20 May-21 May-22 May-2
Slide 11: Key take away
Key take away ▪ The US market is pricing in rate cuts of nearly 80 bps by Dec-23 even though the Federal Reserve indicated that it remains on guard and is not a hurry to pivot given sticky inflation ▪ Commodity prices, shipping freight rates and other global economic indicators indicate a weak globa
Slide 12: Equity & Index products bouquet
Equity & Index products bouquet Large Cap Mid Cap Large & Mid Cap Flexi Cap Small Cap UTI Mastershare Unit UTI Mid Cap Fund UTI Core Equity Fund UTI Flexi Cap Fund UTI Small Cap Fund Scheme Diversified Funds Value Dividend Yield ELSS Focused UTI Value UTI Dividend Yield UTI LTEF UTI Focused Equity O
Slide 13: Product Label
Product Label Name of the Scheme This product is suitable for investors who are seeking* Riskometer# UTI Mastershare Unit Scheme • Long term capital appreciation (Large Cap Fund- An open ended equity scheme • Investment predominantly in equity instruments of large cap predominantly investing in larg
Slide 14: Product Label
Product Label Name of the Scheme This product is suitable for investors who are seeking* Riskometer# UTI S&P BSE Sensex Index Fund • Capital growth in tune with the index returns (An open ended scheme replicating/ tracking the S&P • Passive investment in equity instruments comprised in S&P BSE BSE S
Slide 15: Product Label
Product Label Name of the Scheme This product is suitable for investors who are seeking* Riskometer# UTI Banking and Financial Services Fund • Long term capital appreciation (An open ended equity scheme investing in Banking and • Investment predominantly in equity and equity related securities of Fi
Slide 16: Thank You
Thank You The information on this document is provided for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely fut
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