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Unrated

UTI Ultra Short Term Fund Discontinued - Institutional Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.44 0.02 0.13 0.54 1.61 3.55 3.36 5.84 7.02 7.65 7.88
Debt: Ultra Short Duration 0.24 0.02 0.12 0.34 1.21 3.15 6.58 6.19 7.01 7.87 7.96

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.54 (30-Mar-2016 - 06-Apr-2016) -3.56 (03-Jun-2019 - 10-Jun-2019)
Month 1.37 (11-Mar-2016 - 12-Apr-2016) -3.21 (03-Jun-2019 - 03-Jul-2019)
Quarter 2.95 (30-Jul-2013 - 29-Oct-2013) -2.38 (31-May-2019 - 30-Aug-2019)
Year 10.00 (02-Sep-2011 - 03-Sep-2012) 3.22 (30-Aug-2018 - 30-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.78 2.27 0.03 0.01 0.71 1.22
Debt: Ultra Short Duration 6.27 1.54 1.59 3.37 1.45 2.93

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 58 30 40
Modified Duration (yrs) 0.27 0.57 0.22 0.36
Average Maturity (yrs) 0.37 0.68 0.28 0.44
Yield to Maturity (%) 7.48 9.64 7.11 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Avanse Financial Services 2021 Non Convertible Debenture A+ 0.00 - 10.22 10.22
equal Edelweiss Rural & Corporate Services 2021 Non Convertible Debenture AA- 0.00 - 8.71 8.71
equal HDFC 358-D 10/07/2020 Commercial Paper A1+ 0.00 - 8.51 8.51
equal Andhra Bank 2020 Certificate of Deposit A1+ 0.00 - 6.05 5.44
new Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 5.35 5.35
equal National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 4.78 4.36
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 4.35 4.35
new Oriental Bank of Com. 19/06/2020 Certificate of Deposit A1+ 0.00 - 4.28 4.28
equal SIDBI 15/01/2020 Commercial Paper A1+ 0.00 - 3.29 3.29
equal National Bank Agr. Rur. Devp 310-D 13/03/2020 Commercial Paper A1+ 0.00 - 3.26 3.26
equal 8.90% Reliance Jio Infocomm 21/01/2020 Debenture AAA 0.00 - 2.20 2.20
equal 8.47% Jubilant Life Sciences 27/01/2020 Debenture AA 0.00 - 2.20 2.20
equal KKR India Financial Services 16/01/2020 Debenture AA 0.00 - 2.17 2.17
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.14 2.14
new ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 2.11 2.11
new Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.08 2.08
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.00 - 1.10 1.10
equal Axis Bank 2020 Securitised Debt A1+ 0.00 - 1.09 1.09
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 1.09 1.09
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 1.07 1.07
down ICICI Bank 13/08/2020 Certificate of Deposit A1+ 0.00 - 1.98 1.06
equal National Bank Agr. Rur. Devp 13/03/2020 Commercial Paper A1+ 0.00 - 3.02 0.87
equal National Bank Agr. Rur. Devp 18/03/2020 Commercial Paper A1+ 0.00 - 2.15 0.87
equal KKR India Financial Services 16/01/2021 Debenture AA 0.00 - 0.72 0.72
down Oriental Bank of Com. 19/08/2020 Certificate of Deposit A1+ 0.00 - 1.58 0.64

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Ritesh Nambiar since 01-Jul-2015

Education: Mr. Nambiar is an MMS (Finance), CFA and FRM holder.

Experience: Prior to joining UTI AMC in March 2008, he was a Fixed Income Analyst with CRISIL Research (January 2007 - March 2008) and a Fixed Income Trader with Eurex, LIFFE and CBOE Desk )(May 2005 - October 2006).

Funds Managed:

— Sudhir Agrawal since 09-Jul-2012

Education: Mr.Sudhir Agrawal is a M.Com, PGDBA (Finance) and a CFA.

Experience: Prior to joining UTI he has worked with TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.

Interviews:

Funds Managed:


0.02%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 2,191.6461

Dividend Periodic: ₹ 1,004.9705


Investment Strategy

The scheme seeks to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments

Investment Details

Minimum Investment (₹) 50,00,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) 2,500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 3% for redemption within 89 days
2% for redemption between 90 - 179 days
1% for redemption between 180 - 364 days

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 13-Jul-2009
Return Since Launch: 7.73%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,276 Cr (As on 31-Dec-2019)
Expense: 1.00% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Periodic01-Jan-20201.2577

 03-Jun-20195.6090
 02-May-20192.8683
 02-Apr-20196.5499
 01-Mar-20193.6131
 01-Feb-20194.2207
 01-Jan-20195.0047
 03-Dec-20185.5470
 01-Nov-20184.2566
 01-Oct-20182.5285
 03-Sep-20184.7172
 01-Aug-20184.5539
 02-Jul-20184.8903
 01-Jun-20182.7964
 02-May-20182.9635
 03-Apr-20186.4879
 01-Mar-20183.4051
 01-Feb-20183.1572
 01-Jan-20182.7516
 04-Dec-20173.7973
 01-Nov-20173.6111
 03-Oct-20173.6205
 01-Sep-20174.3722
 01-Aug-20174.9523
 03-Jul-20174.3909
Flexi Dividend03-Mar-20145.3064

 03-Feb-20146.1861
 01-Jan-20145.8686
 02-Dec-20136.2131
 01-Nov-20134.5667
 01-Oct-20136.4774
 02-Sep-20132.7559
 01-Aug-20136.3398
 02-Jul-20135.4871
 03-Jun-20130.6217
 02-May-20139.1664
 02-Apr-20137.8910
 01-Feb-201319.3548
 30-Oct-20121.4274
 23-Oct-20120.7424
 19-Oct-20121.5270
 12-Oct-20121.4847
 05-Oct-20121.6821
 28-Sep-20121.5257
 21-Sep-20121.5260
 14-Sep-20121.4656
 07-Sep-20121.5667
 31-Aug-20121.5313
 24-Aug-20121.5447
 17-Aug-20121.5635

Contact Information

AMC: UTI Asset Management Company Ltd

Address: UTI Tower, 'GN' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022- 66786666 / 66786354 / 1800-22-1230

Fax: 022-26523031

Email: [email protected]

Website: www.utimf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM