UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
UTI - Master Equity Plan Unit Scheme is an ELSS fund and UTI Multi Cap Fund is a Multi Cap fund. In the year to 30-10-2026, UTI - Master Equity Plan Unit Scheme (Regular) returned −8.6% and UTI Multi Cap Fund (Direct) returned −4.6%. UTI - Master Equity Plan Unit Scheme charges 1.36% a year and UTI Multi Cap Fund 1.10%. Their portfolios overlap 36.0%: they hold 22 of the same securities.
UTI - Master Equity Plan Unit Scheme
ELSS
- 1 year return
- −8.6%
- Expense ratio
- 1.36%
- NAV
- ₹215.44
Which is better, UTI - Master Equity Plan Unit Scheme or UTI Multi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Multi Cap returned more over 1 year: −4.6% against −8.6%.
- UTI Multi Cap costs less: 1.10% a year against 1.36%.
- UTI Multi Cap fell less in its worst fall since 20-05-2025: −14.1% against −15.5%.
- UTI - Master Equity Plan Unit Scheme holds more in large companies: 81.4% of the fund in large caps against 37.7%.
- UTI - Master Equity Plan Unit Scheme is the larger fund: ₹2,652 Cr against ₹2,113 Cr.
- Their portfolios overlap 36.0%: 22 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | UTI - Master Equity Plan Unit Scheme | UTI Multi Cap Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | ELSS | Multi Cap |
| AUM | ₹2,652 Cr (30-09-2026) | ₹2,113 Cr (30-09-2026) |
| NAV | ₹215.44 (Regular) | ₹10.21 (Direct) |
| Expense ratio (Direct) | Not available | 1.10% |
| Expense ratio (Regular) | 1.36% | 2.26% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | Not available | 16-05-2025 |
| Minimum investment | Not available | Direct Plan - Growth Option (Rs 1000)Regular Plan -Growth Option (Rs 1000) |
| Lock in | Not available | None |
| Fund managers | Not available | Karthikraj Lakshmanan |
| Exit load | Not available | 1% if redeemed/ switched-out within 90 days from the date of allotment; Nil thereafter |
UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| UTI - Master Equity Plan Unit Scheme (Regular) | +1.76% | −4.05% | −0.82% | −8.63% | +7.20% | +5.98% | +9.29% |
| UTI Multi Cap Fund (Direct) | −3.12% | −5.19% | +0.15% | −4.61% | -- | -- | -- |
| ELSS average | −2.38% | −5.77% | −2.09% | −6.60% | +9.82% | +9.22% | +11.87% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 33 Multi Cap funds, same plan type.
UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap: Year-wise Returns
| Year | - Master Equity Plan Unit SchemeUTI - Master Equity Plan Unit Scheme | Multi CapUTI Multi Cap |
|---|---|---|
| 2026to date | −9.21% | −5.07% |
| 2025 | +8.50% | -- |
| 2024 | +11.31% | -- |
| 2023 | +21.08% | -- |
| 2022 | +1.24% | -- |
| 2021 | +29.14% | -- |
UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of UTI - Master Equity Plan Unit Scheme
Rolling returns
Every 1-year holding period, 111 of them, one for each trading day from 20-05-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
UTI - Master Equity Plan Unit Scheme (Regular)
UTI Multi Cap Fund (Direct)
BSE 100 TRI
to
Jun 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI - Master Equity Plan Unit Scheme | 90.1 | 9.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.3% | −4.2% | −10.5% | 2.1% | 3% |
| UTI Multi Cap | 15.3 | 57.7 | 27.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.8% | 2.4% | −5.9% | 8.8% | 100% |
| BSE 100 TRI | 76.6 | 23.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.4% | −2.0% | −10.3% | 4.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 20-05-2025. Past returns do not promise future returns.
UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI - Master Equity Plan Unit SchemeUTI - Master Equity Plan Unit Scheme (Regular) | ₹1,80,000 | ₹1,72,967 | −₹7,033 | −5.0% |
| UTI Multi CapUTI Multi Cap Fund (Direct) | ₹1,80,000 | ₹1,77,702 | −₹2,298 | −1.6% |
UTI - Master Equity Plan Unit SchemeUTI - Master Equity Plan Unit Scheme (Regular)
UTI Multi CapUTI Multi Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI - Master Equity Plan Unit Scheme (Regular) | UTI Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.63% | −4.61% |
| Standard deviation | 13.24% | 13.06% |
| Sharpe ratio | -1.05 | -0.75 |
| Sortino ratio | -1.39 | -1.00 |
| Maximum drawdown | −15.5% (31-03-2026) | −14.1% (30-03-2026) |
| Beta | 0.95 | 0.85 |
| Alpha | −0.47% | −0.26% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | UTI - Master Equity Plan Unit Scheme (Regular) | UTI Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.28% | +1.70% |
| Standard deviation | 15.40% | 11.83% |
| Sharpe ratio | 0.20 | -0.31 |
| Sortino ratio | 0.27 | -0.41 |
| Maximum drawdown | −38.0% (23-03-2020) | −14.1% (30-03-2026) |
| Beta | 0.94 | 0.85 |
| Alpha | −0.99% | +0.82% |
From daily NAVs, 03-01-2011 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
UTI - Master Equity Plan Unit Scheme (Regular)
UTI Multi Cap Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI - Master Equity Plan Unit Scheme (Regular) | −15.5% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| UTI Multi Cap Fund (Direct) | −14.1% | 05-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −7.3% |
| BSE 100 TRI | −15.0% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.4% |
From daily values since 20-05-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
UTI - Master Equity Plan Unit Scheme (Regular)
UTI Multi Cap Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| UTI - Master Equity Plan Unit Scheme (Regular) | 92% | 95% | 2.09% |
| UTI Multi Cap Fund (Direct) | 90% | 69% | 5.15% |
From month-end values since 20-05-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: UTI - Master Equity Plan Unit Scheme, September 2026; UTI Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 36.0%
- Held by both
- 22
- Only in UTI - Master Equity Plan Unit Scheme
- 45
- Only in UTI Multi Cap
- 49
| Security | % of UTI - Master Equity Plan Unit Scheme | % of UTI Multi Cap |
|---|---|---|
| EQ - ICICI BANK LTD | 8.93% | 5.00% |
| EQ - HDFC BANK LIMITED | 9.10% | 4.70% |
| EQ - KOTAK MAHINDRA BANK LTD. | 5.04% | 4.34% |
| EQ - AXIS BANK LTD. | 3.14% | 2.61% |
| EQ - RELIANCE INDUSTRIES LTD. | 5.03% | 1.91% |
| EQ - BHARTI AIRTEL LTD. | 4.07% | 1.87% |
| EQ - LARSEN & TOUBRO LTD. | 4.06% | 1.78% |
| EQ - ULTRATECH CEMENT LTD. | 1.82% | 1.61% |
| EQ - POWER GRID CORPORATION OF INDI | 1.40% | 1.23% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 1.22% | 1.34% |
| EQ - SBI LIFE INSURANCE COMPANY LTD | 1.16% | 1.36% |
| EQ - BAJAJ FINANCE LTD. | 3.21% | 1.05% |
| EQ - COAL INDIA LTD. | 1.15% | 0.96% |
| EQ - MARUTI SUZUKI INDIA LTD. | 1.48% | 0.92% |
| EQ - JUBILANT FOODWORKS LTD. | 0.91% | 1.17% |
| EQ - MANKIND PHARMA LTD | 0.90% | 1.18% |
| EQ - JINDAL STAINLESS LTD. | 0.82% | 1.40% |
| EQ - TATA MOTORS PASSENGER VEHICLES LTD. | 0.97% | 0.81% |
| EQ - VEDANTA ALUMINIUM METAL LTD. | 0.78% | 1.17% |
| EQ - METRO BRANDS LTD | 0.53% | 0.69% |
| EQ - INFO-EDGE (INDIA) LTD. | 0.49% | 1.50% |
| EQ - ADANI ENTERPRISES LTD. | 0.44% | 0.82% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.0% means 36.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in UTI - Master Equity Plan Unit Scheme
| Security | % of fund |
|---|---|
| EQ - INFOSYS LTD. | 3.18% |
| EQ - ETERNAL LIMITED | 2.82% |
| EQ - LTM Limited | 1.78% |
| EQ - STATE BANK OF INDIA | 1.62% |
| EQ - MAHINDRA & MAHINDRA LTD. | 1.46% |
Largest holdings only in UTI Multi Cap Fund
| Security | % of fund |
|---|---|
| EQ - SWIGGY LTD | 2.45% |
| EQ - VOLTAMP TRANSFORMERS LTD. | 2.24% |
| EQ - OIL INDIA LTD. | 2.12% |
| EQ - COFORGE LTD | 1.90% |
| EQ - GULF OIL LUBRICANTS INDIA LTD | 1.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI - Master Equity Plan Unit Scheme | UTI Multi Cap |
|---|---|---|
| Equity | 94.1% | 92.7% |
| Debt | 0.4% | 0.5% |
| Cash and others | 5.5% | 6.8% |
Market cap of stocks
| Market cap | UTI - Master Equity Plan Unit Scheme | UTI Multi Cap |
|---|---|---|
| Large Cap | 81.4% | 37.7% |
| Mid Cap | 10.2% | 25.2% |
| Small Cap | 2.2% | 27.8% |
| Not on AMFI's list | 0.3% | 2.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | UTI - Master Equity Plan Unit Scheme | UTI Multi Cap |
|---|---|---|
| Banks | 28.4% | 18.4% |
| IT - Software | 8.1% | 3.2% |
| Finance | 3.8% | 5.5% |
| Automobiles | 5.5% | 1.7% |
| Petroleum Products | 5.4% | 3.7% |
| Retailing | 5.4% | 5.0% |
| Pharmaceuticals & Biotechnology | 2.4% | 5.1% |
| Telecom - Services | 4.1% | 3.6% |
| Consumer Durables | 2.8% | 3.9% |
| Electrical Equipment | 0.0% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI - Master Equity Plan Unit Scheme | UTI Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.10% |
| Base expense ratio (Direct) | 0.00% | 0.69% |
| Total expense ratio (Regular) | 1.36% | 2.26% |
| Base expense ratio (Regular) | 1.00% | 1.76% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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UTI - Master Equity Plan Unit Scheme vs UTI Multi Cap Fund: Frequently Asked Questions
What is the difference between UTI - Master Equity Plan Unit Scheme and UTI Multi Cap Fund?
UTI - Master Equity Plan Unit Scheme is an ELSS fund, UTI Multi Cap Fund is a Multi Cap fund, run by UTI Mutual Fund. Their portfolios overlap 36.0%. UTI - Master Equity Plan Unit Scheme charges 1.36% a year and UTI Multi Cap Fund 1.10%.
Which has given higher returns, UTI - Master Equity Plan Unit Scheme or UTI Multi Cap Fund?
Over 1 year: UTI - Master Equity Plan Unit Scheme −8.63%, UTI Multi Cap Fund −4.61%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI - Master Equity Plan Unit Scheme or UTI Multi Cap Fund?
UTI Multi Cap Fund charges less: 1.10% a year against 1.36%. These are the total expense ratios reported to AMFI.
How much do UTI - Master Equity Plan Unit Scheme and UTI Multi Cap Fund overlap?
36.0%. They hold 22 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both UTI - Master Equity Plan Unit Scheme and UTI Multi Cap Fund?
Yes. 36.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.