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4 star

UTI Overnight Fund - Direct Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.61 0.01 0.06 0.26 0.78 1.50 3.94 5.04 6.10 6.80 --
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 --
Debt: Overnight 2.61 0.01 0.06 0.26 0.77 1.49 3.93 5.36 5.87 6.60 --
Rank within category 11 14 14 10 9 13 10 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 0

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.94 5.04 6.10 0.06 7,030
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.96 -- -- 0.10 3,980
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 4.07 -- -- 0.09 2,082
SBI Overnight Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.89 5.35 5.84 0.11 12,314
HDFC Overnight Fund - Direct Plan  | Invest Online
1 star
Jan-13 3.86 5.31 5.72 0.10 11,844

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.71 (08-Nov-2016 - 15-Nov-2016) -0.78 (02-Feb-2017 - 09-Feb-2017)
Month 1.72 (04-Nov-2016 - 06-Dec-2016) -0.52 (06-Feb-2017 - 08-Mar-2017)
Quarter 3.69 (25-Aug-2016 - 24-Nov-2016) 0.06 (06-Dec-2016 - 07-Mar-2017)
Year 9.91 (24-Nov-2015 - 24-Nov-2016) 3.92 (28-Sep-2019 - 27-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.96 0.43 -0.41 -0.57 0.51 0.42
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Overnight 5.22 0.35 0.28 0.30 0.40 0.55
Rank within category 4 4 4 4 4 4
Number of funds in category 4 4 4 4 4 4

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) -- 5.35 1.00 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2020

Fund Manager

— Amandeep Singh Chopra since 01-Jan-2013

Education: Mr. Chopra is a B.Sc. from St.Stephen's College and an MBA from FMS, Delhi.

Experience: He has been with associated with UTI AMC for over two decades.

Interviews:

Funds Managed:

— Amit Sharma since 03-May-2018

Experience: He has been associated with the Dept. of Fund Management of UTI for the past 4 years.

Funds Managed:


--

Change from previous, NAV as on 27-Sep-2020

Growth: ₹ 2,775.1664

Dividend Daily: ₹ 1,371.6621

Dividend: ₹ 1,504.7915


Investment Strategy

The scheme seeks to generate reasonable income, with low risk and high level of liquidity from a portfolio of overnight securities having a maturity of one day.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) 10,000
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.89%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 7,030 Cr (As on 31-Aug-2020)
Expense: 0.06% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Sep-20200.1202

 26-Sep-20200.1202
 25-Sep-20200.1181
 24-Sep-20200.1180
 23-Sep-20200.1178
 22-Sep-20200.1176
 21-Sep-20200.1178
 20-Sep-20200.1196
 19-Sep-20200.1196
 18-Sep-20200.1178
 17-Sep-20200.1180
 16-Sep-20200.1183
 15-Sep-20200.1186
 14-Sep-20200.1175
 13-Sep-20200.1194
 12-Sep-20200.1194
 11-Sep-20200.1177
 10-Sep-20200.1174
 09-Sep-20200.1162
 08-Sep-20200.1156
 07-Sep-20200.1143
 06-Sep-20200.1122
 05-Sep-20200.1122
 04-Sep-20200.1109
 03-Sep-20200.1100
Dividend26-Mar-202028.8129

 25-Mar-201928.8129
 26-Mar-20180.2889
 22-Mar-20170.5056
 28-Mar-20160.4334
 26-Mar-20150.2903
 25-Sep-20140.2727
 26-Mar-20140.1559
 26-Sep-20130.1559
 25-Mar-20130.1321

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

Last Session

VR Helpline

What to do with your multi-cap funds

dateSaturday, 26-Sep-2020
time12:30 PM - 01:00 PM

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