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1 star

UTI Credit Risk Fund - Regular Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.22 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.36 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 0.12 0.01 0.07 0.27 0.72 18.69 21.70 -5.90 -1.33 1.68 --
CCIL T Bill Liquidity Weight 0.09 0.01 0.06 0.18 0.52 1.04 2.10 3.09 3.50 3.91 --
Debt: Credit Risk 0.12 0.01 0.08 0.16 0.76 4.64 8.70 2.38 3.39 6.05 --
Rank within category 10 9 10 5 9 1 1 15 14 12 --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 4

As on 18-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Credit Risk Fund - Regular Plan  | Invest Online
1 star
Nov-12 21.70 -5.90 -1.33 1.67% 554
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 6.76 8.74 7.48 1.56% 8,979
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 6.42 8.45 7.67 1.54% 8,416
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 5.25 6.94 6.69 1.55% 3,289
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 6.04 6.07 6.03 1.67% 730

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 8.53 16-Sep-2021 - 23-Sep-2021 -10.39 15-Jan-2020 - 22-Jan-2020
Month 16.63 20-Sep-2021 - 20-Oct-2021 -16.80 12-Feb-2020 - 13-Mar-2020
Quarter 17.85 20-Jul-2021 - 20-Oct-2021 -25.90 23-Dec-2019 - 23-Mar-2020
Year 22.40 16-Oct-2020 - 18-Oct-2021 -33.35 31-Jul-2019 - 30-Jul-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -4.96 14.55 -0.60 -0.90 -9.35 -14.32
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Credit Risk 2.87 7.09 0.56 0.71 -5.19 -3.98
Rank within category 15 15 15 16 3 15
Number of funds in category 16 16 16 16 16 16

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 32 35 20 28
Modified Duration (yrs) 1.58 1.84 1.11 1.92
Average Maturity (yrs) 3.05 3.35 1.22 2.35
Yield to Maturity (%) 6.53 7.46 5.80 5.88
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 7.26 7.26
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 8.11 4.59
equal 7.40% Summit Digitel Infrastructure 28/09/2028 Debenture AAA 0.00 - 4.51 4.51
equal 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 4.42 4.42
equal 6.72% India Grid Trust 14/09/2026 Non Convertible Debenture AAA 0.00 - 3.77 3.77
equal 8.84% Tata Power Company 21/02/2023 Debenture AA 3.43 - 6.62 3.74
equal 8.95% Torrent Power 2022 Debenture AA 0.00 - 6.49 3.65
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA 0.00 - 3.63 3.63
new 7.50% Vedanta 17/03/2022 Debenture AA- 0.00 - 3.62 3.62
equal 6.90% Aadhar Housing Finance 29/10/2024 Debenture AA 0.00 - 3.60 3.60
equal 5.80% Aditya Birla Fashion and Retail 2024 Non Convertible Debenture AA 0.00 - 3.57 3.57
equal 8.90% Dilip Buildcon 28/12/2022 Non Convertible Debenture A 3.23 - 6.23 3.57
equal 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 4.41 3.30
new 9.75% Manappuram Finance 2022 Debenture AA 0.00 - 2.79 2.79
equal 11.50% JM Fin Asset Reconstruction co 29/05/2022 Debenture AA- 0.00 - 3.72 2.75
equal TMF Holdings 14/10/2024 Deep Discount Bonds AA- 0.00 - 2.73 2.73
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 2.49 - 4.72 2.73
equal 7.59% GOI 20/03/2029 GOI Securities SOV 0.00 - 3.28 2.40
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 3.05 2.17
new 9.00% SAIL 14/10/2024 Bonds AA 0.00 - 1.91 1.91
equal 7.26% GOI 14/01/2029 GOI Securities SOV 1.49 - 2.65 1.89
equal 9.15% Axis Bank Additional Tier 2 Bond AAA 1.69 - 3.40 1.86
equal 8.65% Afcons Infrastructure 23/02/2022 Debenture A+ 1.61 - 3.52 1.85
equal 9.15% Coastal Gujarat Power 14/06/2022 Debenture AA 0.00 - 1.84 1.84
equal 8.35% Manappuram Finance 31/01/2022 Non Convertible Debenture AA 0.00 - 2.87 1.81

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-2021

Fund Manager

— Ritesh Nambiar since 07-Aug-2014

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:


0.01%

Change from previous, NAV as on 18-Jan-2022

Growth: ₹ 13.7413

IDCW Yearly: ₹ 9.1693

More

IDCW Quarterly: ₹ 9.7607

IDCW Monthly: ₹ 8.2519

IDCW Half Yearly: ₹ 9.2182

Flexi IDCW: ₹ 8.9204


Investment Strategy

The scheme is to generate reasonable income and capital appreciation by investing minimum of 65% of total assets in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 19-Nov-2012
Return Since Launch: 3.53%
Benchmark: CRISIL Short Term Credit Risk
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 554 Cr (As on 31-Dec-2021)
Expense: 1.67% (As on 30-Nov-2021)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly03-Jun-20190.0468

 02-May-20190.0468
 02-Apr-20190.0468
 01-Feb-20190.0383
 01-Jan-20190.0468
 03-Dec-20180.0468
 01-Nov-20180.0302
 01-Oct-20180.0442
 03-Sep-20180.0468
 01-Aug-20180.0468
 02-Jul-20180.0468
 01-Jun-20180.0468
 02-May-20180.0468
 03-Apr-20180.0504
 01-Mar-20180.0506
 01-Feb-20180.0506
 01-Jan-20180.0506
 04-Dec-20170.0506
 01-Nov-20170.0506
 03-Oct-20170.0506
 01-Sep-20170.0506
 01-Aug-20170.0506
 03-Jul-20170.0506
 01-Jun-20170.0506
 02-May-20170.0506
Flexi IDCW25-Mar-20190.2881

 26-Mar-20180.4334
 22-Mar-20170.5056
 28-Mar-20160.2889
IDCW Half Yearly25-Mar-20190.1801

 25-Sep-20180.1080
 26-Mar-20180.2167
 25-Sep-20170.2167
 26-Sep-20160.2167
 28-Mar-20160.2167
IDCW Quarterly25-Mar-20190.1441

 26-Dec-20180.0900
 25-Sep-20180.0324
 26-Jun-20180.0216
 26-Mar-20180.1083
 26-Dec-20170.1083
 25-Sep-20170.1083
 28-Jun-20170.1083
 22-Mar-20170.1806
 26-Dec-20160.1083
 26-Sep-20160.1083
 27-Jun-20160.1083
 28-Mar-20160.2347
 28-Dec-20150.0903
 28-Sep-20150.0903
 25-Jun-20150.0903
 26-Mar-20150.1452
 29-Dec-20140.1089
 25-Sep-20140.1948
 26-Jun-20140.1753
 26-Mar-20140.0779
 30-Dec-20130.1559
 30-May-20130.2628
IDCW Yearly25-Mar-20190.2881

 26-Mar-20180.4334
 22-Mar-20170.5056
 28-Mar-20160.4334
 26-Mar-20150.0544

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: http://www.utimf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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