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2 star

UTI Ultra Short Term Fund - Direct


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

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 4.11 0.02 1.26 1.49 2.21 3.22 5.51 5.38 6.18 7.09 --
CCIL T Bill Liquidity Weight 1.52 -0.01 0.01 0.14 0.58 1.01 2.15 3.40 3.66 4.08 --
Debt: Ultra Short Duration 2.99 0.02 0.08 0.34 1.14 2.15 4.19 6.10 6.18 6.92 --
Rank within category 2 12 1 1 2 2 2 18 9 8 --
Number of funds in category 27 28 28 28 28 27 26 20 14 14 0

As on 27-Sep-2021

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 5.51 5.38 6.18 0.39 2,180
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.56 7.12 7.19 0.34 18,973
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.26 6.74 -- 0.34 17,843
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.95 6.57 6.82 0.33 14,237
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.81 6.40 6.67 0.31 12,277

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.27 16-Sep-2021 - 23-Sep-2021 -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 4.90 2.26 0.38 0.27 0.53 1.22
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Ultra Short Duration 5.68 1.60 2.07 4.38 1.13 2.39
Rank within category 16 14 16 16 4 16
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 67 67 33 43
Modified Duration (yrs) 0.45 0.51 0.29 0.39
Average Maturity (yrs) 0.47 0.51 0.30 0.41
Yield to Maturity (%) 3.81 5.36 3.81 4.00
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 Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 5.90 5.90
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 5.61 5.22
new Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 4.56 4.56
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 4.54 4.54
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA+ 0.00 - 3.56 3.56
new National Bank Agr. Rur. Devp 90-D 22/11/2021 Commercial Paper A1+ 0.00 - 3.42 3.42
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.41 3.41
new Export-Import Bank 2022 Certificate of Deposit A1+ 0.00 - 3.32 3.32
new 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 3.29 3.29
new REC 13/12/2022 Debenture AAA 0.00 - 2.37 2.37
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.53 2.35
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 2.11 - 3.46 2.31
equal Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 2.29 2.29
equal Bajaj Finance 365-D 22/02/2022 Commercial Paper A1+ 0.00 - 2.52 2.25
new HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 2.25 2.25
equal Bajaj Housing Finance 365-D 20/07/2022 Commercial Paper A1+ 0.00 - 2.21 2.21
equal Reserve Bank of India 182-D 07/10/2021 Treasury Bills SOV 0.00 - 2.06 2.06
equal Shriram Transport Finance Company 28/04/2023 Debenture AA+ 0.00 - 2.00 1.94
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.88 1.88
equal 7.24% REC 21/10/2021 Debenture AAA 0.00 - 1.86 1.61
equal 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 1.25 1.25
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 1.35 1.17
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 1.34 1.17
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 1.34 1.16
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 0.00 - 1.33 1.16

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-Aug-2021

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 27-Sep-2021

Growth: ₹ 3,521.4096

IDCW Yearly: ₹ 1,146.3286

More

IDCW Weekly: ₹ 1,096.5595

IDCW Quarterly: ₹ 1,462.1322

IDCW Monthly: ₹ 1,097.5661

IDCW Half Yearly: ₹ 1,155.2152

IDCW Fortnightly: ₹ 1,323.3324

IDCW Daily: ₹ 1,171.5160

Flexi IDCW: ₹ 1,708.5031


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 (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.65%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,180 Cr (As on 31-Aug-2021)
Expense: 0.39% (As on 31-Aug-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Fortnightly27-Sep-202117.3436

 13-Sep-20212.6883
 25-Aug-20212.5344
 11-Aug-20211.9503
 26-Jul-20212.1310
 12-Jul-20212.4147
 25-Jun-20211.6552
 10-Jun-20212.4680
 25-May-20211.9667
 10-May-20211.7895
 26-Apr-20212.3918
 12-Apr-20213.0408
 25-Mar-20212.2638
 10-Mar-20211.3539
 25-Feb-20212.5145
 10-Feb-20212.2622
 25-Jan-20211.1880
 11-Jan-20212.0375
 28-Dec-20202.7755
 10-Dec-20202.1450
 25-Nov-20203.0041
 10-Nov-20202.6129
 26-Oct-20203.1905
 12-Oct-20203.8829
 25-Sep-20202.5003
IDCW Half Yearly22-Sep-202110.0000

 22-Mar-202120.0000
 23-Sep-20207.5000
IDCW Weekly21-Sep-20210.5715

 14-Sep-20210.6030
 07-Sep-20210.8829
 31-Aug-20211.0113
 24-Aug-20210.8831
 17-Aug-20210.9825
 11-Aug-20210.8321
 03-Aug-20210.5612
 27-Jul-20210.7307
 20-Jul-20210.9642
 13-Jul-20211.0002
 06-Jul-20210.8081
 29-Jun-20210.7609
 22-Jun-20210.5601
 15-Jun-20210.8102
 08-Jun-20210.9828
 01-Jun-20210.6777
 25-May-20210.8052
 18-May-20210.6903
 11-May-20210.7385
 04-May-20210.7533
 27-Apr-20210.9827
 20-Apr-20210.6020
 15-Apr-20211.2024
 06-Apr-20210.9722
IDCW Monthly01-Sep-20215.0000

 02-Aug-20215.0000
 01-Jul-20215.0000
 01-Jun-20215.0000
 03-May-20215.0000
 05-Apr-20215.0000
 01-Mar-20215.0000
 01-Feb-20215.0000
 01-Jan-20215.0000
 01-Dec-20205.0000
 02-Nov-20205.0000
 01-Oct-20205.0000
 01-Sep-20205.0000
 03-Aug-20205.0000
 01-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
Flexi IDCW22-Mar-202140.0000

 26-Mar-20203.6016
 25-Mar-201936.0161
 25-Sep-201431.1709
IDCW Yearly22-Mar-202140.0000

 26-Mar-20203.6016
 25-Mar-201936.0161
 26-Mar-201843.3359
 22-Mar-201750.5585
IDCW 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
IDCW 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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