The fund’s focus on large-cap stocks reined in volatility but limited the returns

Within the multi-cap category, UTI Opportunities Fund has lagged the performance of its benchmark, S&P BSE 200, and category, over the past couple of years. A long-term steady performer known to cap losses well in bear markets, UTI Opportunities had a rough run, however, in 2015 and 2016. A relatively higher exposure to large-cap stocks and wrong stock bets appear to have weighed on the fund...