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Unrated

UTI Gilt Fund Discontinued - Provident Fund


1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

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 -0.17 0.00 0.05 -0.47 -0.09 1.64 2.22 7.99 6.53 7.86 8.73
CCIL All Sovereign Bond - TRI -0.84 0.07 -0.33 -1.52 0.14 2.27 1.42 8.52 7.01 8.32 8.87
Debt: Gilt -0.26 0.00 0.02 -0.56 0.12 1.68 2.06 7.76 6.11 7.43 8.19

As on 14-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Gilt Fund Discontinued - Provident Fund
Unrated
Sep-03 2.22 7.99 6.53 0.85% 610
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 3.18 9.13 7.12 0.95% 3,577
ICICI Prudential Gilt Fund  | Invest Now
4 star
Aug-99 2.74 8.59 6.65 1.17% 3,162
IDFC Government Securities Fund - Investment Plan - Regular Plan
4 star
Dec-08 2.22 9.47 7.67 1.24% 1,466
Aditya Birla Sun Life Government Securities Fund  | Invest Online
4 star
Oct-99 3.41 8.70 7.15 0.94% 1,035

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.93 26-Dec-2008 - 02-Jan-2009 -11.10 02-Jan-2009 - 09-Jan-2009
Month 13.60 18-Nov-2008 - 18-Dec-2008 -10.16 02-Jan-2009 - 03-Feb-2009
Quarter 31.56 03-Oct-2008 - 02-Jan-2009 -14.24 05-Jan-2009 - 06-Apr-2009
Year 35.48 03-Jan-2008 - 02-Jan-2009 -13.25 02-Jan-2009 - 04-Jan-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.82 3.81 1.08 2.05 0.75 0.41
CCIL All Sovereign Bond - TRI 8.65 4.53 1.09 1.57 -- --
Debt: Gilt 7.68 3.58 1.10 1.83 0.73 0.36

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 14 8 12
Modified Duration (yrs) 3.31 5.08 2.02 3.91
Average Maturity (yrs) 7.73 10.62 4.03 5.89
Yield to Maturity (%) 5.20 5.64 4.43 5.29
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 26.36 26.36
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 28.22 26.25
new Reserve Bank of India 364-D 13/01/2022 Treasury Bills SOV 0.00 - 12.28 12.28
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 10.05 10.05
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 8.96 8.96
new Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 4.09 4.09
equal 8.13% GOI 22/06/2045 GOI Securities SOV 2.09 - 2.77 2.77
equal 7.08% Uttar Pradesh State 17/02/2031 State Development Loan SOV 0.00 - 0.79 0.79
equal 6.87% Andhra Pradesh State 21/10/2035 State Development Loan SOV 0.38 - 0.50 0.50
new Clearing Corporation 94-D Short Term Deposit -- 0.00 - 0.32 0.32
equal 7.24% GOI 29/01/2030 GOI Securities SOV 0.22 - 0.30 0.30

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-2021

Fund Manager

— Sudhir Agrawal since 01-Dec-2021

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:


0.00%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 37.4817

Redemption: ₹ 37.5025

IDCW Half Yearly: ₹ 20.6802


Investment Strategy

To generate credit risk-free return through investments in sovereign securities issued by the Central and/ or a state Government.

Investment Details

Min. Investment (₹) 1,00,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 26-Sep-2003
Return Since Launch: 7.48%
Benchmark: CRISIL Dynamic Gilt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 610 Cr (As on 31-Dec-2021)
Expense: 0.85% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly23-Dec-20210.0750

 22-Sep-20210.1000
 23-Jun-20210.0750
 22-Mar-20210.1000
 21-Dec-20200.1000
 23-Sep-20200.1500
 24-Jun-20200.1500
 26-Mar-20200.1441
 26-Dec-20190.1441
 25-Sep-20190.1441
 27-Jun-20190.1080
 25-Mar-20190.1441
 26-Dec-20180.1008
 25-Sep-20180.0216
 26-Jun-20180.0216
 26-Dec-20170.0722
 25-Sep-20170.1083
 28-Jun-20170.1083
 21-Mar-20170.5056
 26-Mar-20150.4355
 25-Sep-20140.4676
 26-Mar-20140.0779
 25-Mar-20130.4405
 26-Sep-20120.2643
 28-Mar-20120.3083

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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