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UTI Credit Risk Fund - Regular Plan


1 Lakh

Investment declined to
₹ 0.77 Lakh

₹ 10000

Monthly SIP Declined to
₹ 0.95 Lakh

Analyst's Choice?

Suitability:

Credit risk funds invest mainly in corporate bonds which are below the highest rating assigned 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 of all types of debt funds. However, they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than highest rated bonds. Moreover, investors can also benefit if the rating of these bonds is subsequently upgraded.

But like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 -18.87 0.04 0.16 -9.00 -18.47 -22.56 -23.26 -4.91 0.57 3.11 --
CCIL T Bill Liquidity Weight 0.58 0.02 0.03 0.28 0.79 1.74 4.08 4.14 4.44 4.77 --
Debt: Credit Risk 0.62 -0.04 0.04 0.56 0.92 1.94 0.52 3.46 6.45 7.11 --
Rank within category 20 2 3 20 20 20 19 16 14 7 --
Number of funds in category 20 20 20 20 20 20 20 17 14 7 2

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.37 (19-Aug-2013 - 26-Aug-2013) -10.39 (15-Jan-2020 - 22-Jan-2020)
Month 2.53 (20-Aug-2013 - 19-Sep-2013) -10.93 (06-Jan-2020 - 05-Feb-2020)
Quarter 4.09 (29-Aug-2013 - 28-Nov-2013) -18.62 (18-Nov-2019 - 17-Feb-2020)
Year 12.70 (19-Aug-2013 - 19-Aug-2014) -23.50 (15-Feb-2019 - 17-Feb-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -1.53 7.53 -0.96 -0.49 5.91 2.30
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Credit Risk 3.44 4.43 -0.21 -0.02 2.67 2.06
Rank within category 17 17 18 15 18 12
Number of funds in category 18 18 18 18 18 18

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 29 83 29 45
Modified Duration (yrs) 0.74 1.85 0.74 1.52
Average Maturity (yrs) 1.10 2.45 1.10 2.00
Yield to Maturity (%) 11.57 15.85 9.89 9.40

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Indostar Capital Finance 15/03/2023 Non Convertible Debenture AA- 1.96 - 8.65 8.65
equal DMI Finance 14/06/2021 Non Convertible Debenture AA- 2.01 - 8.59 8.59
equal 9.50% Nayara Energy 29/07/2021 Bonds/NCDs AA 1.90 - 8.48 8.48
equal 9.50% Yes Bank Bonds BBB 0.00 - 6.38 6.38
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA 1.51 - 6.25 6.25
equal 8.75% Edelweiss Retail Finance 22/03/2021 Debenture AA- 0.00 - 6.10 6.10
equal 8.25% Vodafone Idea 2020 Bonds/Debentures BB 0.00 - 4.70 4.70
equal Zee Learn Debenture AA 0.00 - 4.32 3.57
equal 8.04% Vodafone Idea 27/01/2022 Debenture BBB+ 0.00 - 4.44 2.53
equal 8.03% Vodafone Idea 31/01/2022 Debenture BBB+ 0.00 - 3.73 2.13
equal 8.48% Uttar Pradesh Power Corporation 15/03/2021 Structured Obligation AA 0.40 - 1.79 1.79
down DMI Finance 14/06/2020 Non Convertible Debenture AA- 1.40 - 3.94 1.77
equal 8.90% Dilip Buildcon 28/12/2022 Non Convertible Debenture A 0.38 - 1.74 1.74
equal 8.90% Dilip Buildcon 28/06/2020 Non Convertible Debenture A 0.30 - 1.34 1.34
equal 8.90% Dilip Buildcon 28/03/2020 Non Convertible Debenture A 0.30 - 1.34 1.34
equal 8.90% Dilip Buildcon 28/12/2020 Non Convertible Debenture A 0.29 - 1.34 1.34
equal 8.90% Dilip Buildcon 28/09/2020 Non Convertible Debenture A 0.30 - 1.34 1.34
equal 8.90% Dilip Buildcon 28/06/2021 Non Convertible Debenture A 0.29 - 1.33 1.33
equal 8.90% Dilip Buildcon 28/03/2021 Non Convertible Debenture A 0.29 - 1.33 1.33
equal 8.90% Dilip Buildcon 28/09/2021 Non Convertible Debenture A 0.29 - 1.32 1.32
equal 8.90% Dilip Buildcon 28/03/2022 Non Convertible Debenture A 0.29 - 1.32 1.32
equal 8.90% Dilip Buildcon 28/12/2021 Non Convertible Debenture A 0.29 - 1.32 1.32
equal 8.90% Dilip Buildcon 28/06/2022 Non Convertible Debenture A 0.29 - 1.31 1.31
equal 8.90% Dilip Buildcon 28/09/2022 Non Convertible Debenture A 0.29 - 1.31 1.31
equal 8.65% Afcons Infrastructure 23/02/2022 Debenture AA 0.30 - 1.09 1.09

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-Jan-2020

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:


0.04%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 12.6929

Flexi Dividend: ₹ 8.2402

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Dividend Yearly: ₹ 8.4696

Dividend Quarterly: ₹ 9.0160

Dividend Monthly: ₹ 7.6223

Dividend Half Yearly: ₹ 8.5140


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
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: 3.33%
Benchmark: CRISIL Short Term Credit Risk
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,116 Cr (As on 31-Jan-2020)
Expense: 1.59% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend 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
Dividend 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
Dividend Yearly25-Mar-20190.2881

 26-Mar-20180.4334
 22-Mar-20170.5056
 28-Mar-20160.4334
 26-Mar-20150.0544
Flexi Dividend25-Mar-20190.2881

 26-Mar-20180.4334
 22-Mar-20170.5056
 28-Mar-20160.2889

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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