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UTI Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Analyst's Choice?

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 0.36 0.05 0.10 0.51 1.59 3.45 3.20 5.56 6.82 7.51 7.55
Debt: Ultra Short Duration 0.17 0.05 -0.07 0.31 1.24 3.15 6.56 6.19 7.01 7.87 7.96
Rank within category 4 5 3 4 6 7 21 13 11 10 9
Number of funds in category 28 28 28 28 27 26 23 17 17 15 12

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.36 (11-Mar-2016 - 12-Apr-2016) -3.22 (03-Jun-2019 - 03-Jul-2019)
Quarter 2.95 (30-Jul-2013 - 29-Oct-2013) -2.43 (31-May-2019 - 30-Aug-2019)
Year 9.88 (05-Apr-2013 - 07-Apr-2014) 3.03 (30-Aug-2018 - 30-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.52 2.26 -0.09 -0.05 0.72 0.98
Debt: Ultra Short Duration 6.27 1.54 1.59 3.37 1.45 2.93
Rank within category 15 14 15 15 3 16
Number of funds in category 19 19 19 19 19 19

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 58 30 40
Modified Duration (yrs) 0.27 0.57 0.22 0.37
Average Maturity (yrs) 0.37 0.68 0.28 0.45
Yield to Maturity (%) 7.48 9.64 7.11 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Avanse Financial Services 2021 Non Convertible Debenture A+ 0.00 - 10.22 10.22
equal Edelweiss Rural & Corporate Services 2021 Non Convertible Debenture AA- 0.00 - 8.71 8.71
equal HDFC 358-D 10/07/2020 Commercial Paper A1+ 0.00 - 8.51 8.51
equal Andhra Bank 2020 Certificate of Deposit A1+ 0.00 - 6.05 5.44
new Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 5.35 5.35
equal National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 4.78 4.36
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 4.35 4.35
new Oriental Bank of Com. 19/06/2020 Certificate of Deposit A1+ 0.00 - 4.28 4.28
equal SIDBI 15/01/2020 Commercial Paper A1+ 0.00 - 3.29 3.29
equal National Bank Agr. Rur. Devp 310-D 13/03/2020 Commercial Paper A1+ 0.00 - 3.26 3.26
equal 8.47% Jubilant Life Sciences 27/01/2020 Debenture AA 0.00 - 2.20 2.20
equal 8.90% Reliance Jio Infocomm 21/01/2020 Debenture AAA 0.00 - 2.20 2.20
equal KKR India Financial Services 16/01/2020 Debenture AA 0.00 - 2.17 2.17
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.14 2.14
new ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 2.11 2.11
new Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.08 2.08
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.00 - 1.10 1.10
equal Axis Bank 2020 Securitised Debt A1+ 0.00 - 1.09 1.09
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 1.09 1.09
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 1.07 1.07
down ICICI Bank 13/08/2020 Certificate of Deposit A1+ 0.00 - 1.98 1.06
equal National Bank Agr. Rur. Devp 13/03/2020 Commercial Paper A1+ 0.00 - 3.02 0.87
equal National Bank Agr. Rur. Devp 18/03/2020 Commercial Paper A1+ 0.00 - 2.15 0.87
equal KKR India Financial Services 16/01/2021 Debenture AA 0.00 - 0.72 0.72
down Oriental Bank of Com. 19/08/2020 Certificate of Deposit A1+ 0.00 - 1.58 0.64

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-2019

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 09-Jul-2012

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:


0.05%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 3,082.2205

Flexi Dividend: ₹ 1,268.3568

More

Dividend Yearly: ₹ 1,087.1292

Dividend Weekly: ₹ 1,083.2341

Dividend Quarterly: ₹ 1,073.8841

Dividend Monthly: ₹ 1,047.4632

Dividend Half Yearly: ₹ 1,082.9395

Dividend Fortnightly: ₹ 1,321.2753

Dividend Daily: ₹ 1,046.1477


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 3% for redemption within 89 days
2% for redemption between 90 - 179 days
1% for redemption between 180 - 364 days

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 29-Aug-2003
Return Since Launch: 7.10%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,276 Cr (As on 31-Dec-2019)
Expense: 0.95% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.1525

 16-Jan-20200.1352
 15-Jan-20200.1002
 14-Jan-20200.0072
 13-Jan-20200.3820
 10-Jan-20200.0652
 09-Jan-20200.1784
 08-Jan-20200.2067
 07-Jan-20200.1842
 06-Jan-20200.3594
 03-Jan-20200.1595
 02-Jan-20200.1899
 01-Jan-20200.1681
 31-Dec-20190.0963
 30-Dec-20190.3927
 27-Dec-20190.0515
 26-Dec-20190.2003
 24-Dec-20190.0528
 23-Dec-20190.3563
 20-Dec-20190.1153
 19-Dec-20190.1465
 18-Dec-20190.1256
 17-Dec-20190.1165
 16-Dec-20190.3470
 13-Dec-20190.2924
Dividend Weekly14-Jan-20200.8690

 07-Jan-20201.0984
 31-Dec-20190.7666
 24-Dec-20190.8243
 17-Dec-20191.0334
 10-Dec-20190.6051
 03-Dec-20191.0025
 26-Nov-20190.9655
 19-Nov-20190.6403
 13-Nov-20191.0101
 05-Nov-20191.1929
 29-Oct-20191.0267
 22-Oct-20191.0649
 15-Oct-20191.0355
 09-Oct-20191.2057
 01-Oct-20193.4899
 24-Sep-20190.4345
 17-Sep-20192.5211
 11-Sep-20191.1341
 03-Sep-20190.6843
 27-Aug-20190.2337
 06-Aug-20191.2480
 30-Jul-20191.2297
 28-May-20191.6781
 21-May-20190.9537
Dividend Fortnightly10-Jan-20202.5908

 26-Dec-20192.5192
 10-Dec-20192.1255
 25-Nov-20192.1999
 11-Nov-20192.9424
 25-Oct-20192.9673
 10-Oct-20195.9990
 25-Sep-20193.5305
 11-Sep-20192.5589
 26-Aug-20191.8870
 13-Aug-20190.7165
 27-May-20193.4010
 10-May-20193.1110
 25-Apr-20191.9460
 10-Apr-20194.2655
 25-Mar-20193.1817
 11-Mar-20192.6494
 25-Feb-20192.1476
 11-Feb-20192.5978
 25-Jan-20192.8494
 10-Jan-20193.8596
 26-Dec-20183.4951
 10-Dec-20183.4298
 26-Nov-20183.1603
 12-Nov-20183.3793
Dividend Monthly01-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
 01-Jun-20183.6016
 02-May-20183.6016
 03-Apr-20184.3219
 01-Mar-20184.3336
 01-Feb-20184.3336
 01-Jan-20184.3336
Dividend Quarterly26-Dec-20197.2032

 25-Mar-201914.4064
 26-Dec-20187.2032
 25-Sep-20187.2032
 26-Jun-20187.2032
 26-Mar-201810.8340
 26-Dec-201710.8340
 25-Sep-201710.8340
 28-Jun-201710.8340
 22-Mar-201718.0566
 26-Dec-201610.8340
 26-Sep-201610.8340
 27-Jun-201610.8340
 28-Mar-201614.4453
 28-Dec-201510.8340
 28-Sep-201510.8340
 25-Jun-201510.8340
 26-Mar-20158.1465
Dividend Half Yearly25-Mar-201921.6097

 25-Sep-201814.4064
 26-Mar-201821.6679
 25-Sep-201721.6679
 22-Mar-201728.8906
 26-Sep-201621.6679
 28-Mar-201625.2793
 28-Sep-201510.8340
Dividend Yearly25-Mar-201936.0161

 26-Mar-201843.3359
 22-Mar-201750.5585
 28-Mar-201621.6679
Flexi Dividend25-Mar-201936.0161

 26-Mar-201843.3359
 22-Mar-201750.5585
 28-Mar-201643.3359
 26-Mar-201525.4053
 25-Sep-201429.2227

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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