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2 star

UTI Ultra Short Term Fund - Direct


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

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 3.49 0.02 0.09 0.68 2.03 3.20 7.14 6.01 7.14 7.90 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Ultra Short Duration 3.77 0.01 0.12 0.80 2.14 3.51 7.23 6.63 7.25 8.13 --
Rank within category 19 6 17 11 15 19 13 12 12 9 --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Ultra Short Term Fund - Direct  | Invest Online
2 star
Jan-13 7.14 6.01 7.14 0.39 1,296
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.30 7.96 8.32 0.33 11,830
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.64 7.78 7.68 0.33 9,750
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.81 7.75 7.98 0.34 9,189
IDFC Ultra Short Term Fund - Direct Plan
4 star
Jul-18 7.53 -- -- 0.26 5,768

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.90 (24-Mar-2020 - 31-Mar-2020) -3.56 (03-Jun-2019 - 10-Jun-2019)
Month 1.58 (24-Mar-2020 - 23-Apr-2020) -3.18 (03-Jun-2019 - 03-Jul-2019)
Quarter 3.10 (30-Jul-2013 - 29-Oct-2013) -2.29 (31-May-2019 - 30-Aug-2019)
Year 10.53 (05-Apr-2013 - 07-Apr-2014) 2.38 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.90 2.27 0.26 0.14 0.58 1.31
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.53 1.64 2.25 5.23 0.98 2.44
Rank within category 14 13 14 14 5 15
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 39 21 31
Modified Duration (yrs) 0.38 0.41 0.25 0.40
Average Maturity (yrs) 0.45 0.48 0.34 0.46
Yield to Maturity (%) 5.83 8.18 5.83 5.02

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Edelweiss Rural & Corporate Services 2021 Non Convertible Debenture A+ 0.00 - 10.27 9.16
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 7.50 7.50
down Avanse Financial Services 2021 Non Convertible Debenture A+ 4.88 - 10.82 5.79
down National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 9.04 5.77
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 5.75 5.75
new 8.12% GOI 2020 Central Government Loan SOV 0.00 - 3.93 3.93
equal Reliance Industries 91-D 21/07/2020 Commercial Paper A1+ 0.00 - 3.85 3.85
equal Reserve Bank of India 182-D 03/09/2020 Treasury Bills SOV 0.00 - 3.84 3.84
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 3.81 3.81
equal Axis Bank 24/12/2020 Certificate of Deposit A1+ 0.00 - 3.79 3.79
new M&M Financial Services 30/12/2020 Deep Discount Bonds AAA 0.00 - 3.77 3.77
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 6.36 3.75
new Reserve Bank of India 91-D 03/09/2020 Treasury Bills SOV 0.00 - 3.07 3.07
new HDB Financial Services 2021 Zero Coupon Bonds AAA 0.00 - 2.37 2.37
new 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.00 - 2.01 2.01
new 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 1.99 1.99
equal 8.35% LIC Housing Fin. 23/10/2020 Debenture AAA 0.00 - 1.95 1.95
equal ICICI Bank 13/08/2020 Certificate of Deposit A1+ 0.00 - 1.98 1.92
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 1.92 1.92
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 1.90 1.90
equal SIDBI 13/01/2021 Commercial Paper A1+ 0.00 - 1.89 1.89
new National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.86 1.86
equal KKR India Financial Services 16/01/2021 Debenture AA 0.00 - 1.32 1.32
new 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 0.00 - 1.19 1.19
equal Punjab National Bank 19/08/2020 Certificate of Deposit A1+ 0.00 - 1.15 1.15

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 30-Jun-2020

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 01-Jan-2013

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 14-Jul-2020

Growth: ₹ 3,307.7095

Flexi Dividend: ₹ 1,643.6183

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Dividend Yearly: ₹ 1,115.5645

Dividend Weekly: ₹ 1,083.0315

Dividend Quarterly: ₹ 1,373.3939

Dividend Monthly: ₹ 1,099.1350

Dividend Half Yearly: ₹ 1,121.3597

Dividend Fortnightly: ₹ 1,324.1973

Dividend Daily: ₹ 1,100.3808


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 (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.03%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,296 Cr (As on 30-Jun-2020)
Expense: 0.39% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly14-Jul-20201.0226

 07-Jul-20202.0970
 30-Jun-20201.2737
 23-Jun-20201.7358
 16-Jun-20202.2239
 09-Jun-20200.4430
 26-May-20202.5249
 19-May-20202.8249
 12-May-20202.1081
 05-May-20201.4787
 28-Apr-20200.4374
 21-Apr-20203.5015
 15-Apr-20200.3473
 07-Apr-20201.9368
 31-Mar-20201.9276
 11-Mar-20200.9399
 11-Feb-20201.3994
 04-Feb-20200.9812
 28-Jan-20201.0847
 21-Jan-20201.0194
 14-Jan-20200.9581
 07-Jan-20201.1875
 31-Dec-20190.8557
 24-Dec-20190.9134
 17-Dec-20191.1227
Dividend Fortnightly10-Jul-20203.9820

 25-Jun-20205.1976
 10-Jun-20200.7105
 26-May-20207.7045
 11-May-20202.2762
 27-Apr-20205.9429
 13-Apr-20205.8857
 11-Mar-20201.4025
 10-Feb-20202.8496
 27-Jan-20202.9458
 10-Jan-20202.8305
 26-Dec-20192.7742
 10-Dec-20192.3637
 25-Nov-20192.4235
 11-Nov-20193.2144
 25-Oct-20193.2069
 10-Oct-20196.2463
 25-Sep-20193.7544
 11-Sep-20192.8100
 26-Aug-20192.0903
 13-Aug-20191.0069
 27-May-20193.6504
 10-May-20193.3363
 25-Apr-20192.2297
 10-Apr-20194.5071
Dividend Monthly01-Jul-20205.0000

 01-Jun-20205.0000
 04-May-20205.0000
 03-Apr-20205.0000
 02-Mar-20203.6016
 03-Feb-20203.6016
 01-Jan-20203.6016
 02-Dec-20193.6016
 01-Nov-20193.6016
 01-Oct-20193.6016
 03-Sep-20193.6016
 01-Aug-20193.6016
 01-Jul-20193.6016
 03-Jun-20193.6016
 02-May-20193.6016
 02-Apr-20193.6016
 01-Mar-20193.6016
 01-Feb-20193.6016
 01-Jan-20193.6016
 03-Dec-20183.6016
 01-Nov-20183.6016
 01-Oct-20183.6016
 03-Sep-20183.6016
 01-Aug-20183.6016
 02-Jul-20183.6016
Dividend Daily27-Apr-20200.2984

 24-Apr-20200.0238
 20-Apr-20200.5265
 17-Apr-20200.1865
 16-Apr-20200.1797
 18-Mar-20200.0316
 17-Mar-20200.0688
 16-Mar-20200.1329
 11-Mar-20200.2886
 09-Mar-20200.1027
 02-Mar-20200.1758
 27-Feb-20200.1438
 26-Feb-20200.1396
 25-Feb-20200.0933
 24-Feb-20200.2976
 20-Feb-20200.2855
 18-Feb-20200.1535
 17-Feb-20200.4139
 14-Feb-20200.1419
 13-Feb-20200.0713
 12-Feb-20200.1512
 11-Feb-20200.1455
 10-Feb-20200.2603
 31-Jan-20200.0347
 27-Jan-20200.4676
Dividend Yearly26-Mar-20203.6016

 25-Mar-201936.0161
 26-Mar-201843.3359
 22-Mar-201750.5585
Flexi Dividend26-Mar-20203.6016

 25-Mar-201936.0161
 25-Sep-201431.1709
Dividend Quarterly28-Mar-201614.4453

 28-Dec-201510.8340
 28-Sep-201510.8340
 25-Jun-201510.8340
 26-Mar-201518.1466

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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