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Unrated

UTI Overnight Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.71 0.01 0.09 0.41 1.19 2.45 5.40 5.64 6.53 7.11 7.02
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Overnight 0.70 0.01 0.09 0.40 1.18 2.42 5.29 5.60 6.10 6.77 7.07
Rank within category 7 7 5 4 7 4 2 -- -- -- --
Number of funds in category 22 24 24 23 21 14 8 3 3 3 3

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.54 (26-Dec-2008 - 02-Jan-2009) -2.14 (02-Jan-2009 - 09-Jan-2009)
Month 3.59 (03-Dec-2008 - 02-Jan-2009) -1.26 (02-Jan-2009 - 03-Feb-2009)
Quarter 7.60 (03-Oct-2008 - 02-Jan-2009) -1.68 (05-Jan-2009 - 06-Apr-2009)
Year 11.81 (03-Jan-2008 - 02-Jan-2009) -0.95 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.28 0.62 -0.63 -0.66 0.90 1.05
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Overnight 5.43 0.27 -1.11 -1.47 0.36 0.35
Rank within category 3 4 3 3 4 1
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- -- -- 0.01
Average Maturity (yrs) 0.00 0.00 0.00 0.01
Yield to Maturity (%) 4.85 7.54 4.83 4.94

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Jan-2020

Fund Manager

— Amandeep Singh Chopra since 16-Feb-2012

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:


0.01%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 2,702.1883

Dividend Daily: ₹ 1,370.8617

Dividend: ₹ 1,479.4162


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: 09-Dec-2003
Return Since Launch: 6.32%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 4,163 Cr (As on 31-Jan-2020)
Expense: 0.12% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Feb-20200.1340

 22-Feb-20200.1340
 21-Feb-20200.1340
 20-Feb-20200.1326
 19-Feb-20200.1304
 18-Feb-20200.1291
 17-Feb-20200.1295
 16-Feb-20200.1320
 15-Feb-20200.1321
 14-Feb-20200.1305
 13-Feb-20200.1286
 12-Feb-20200.1288
 11-Feb-20200.1296
 10-Feb-20200.1294
 09-Feb-20200.1321
 08-Feb-20200.1322
 07-Feb-20200.1297
 06-Feb-20200.1301
 05-Feb-20200.1296
 04-Feb-20200.1283
 03-Feb-20200.1279
 02-Feb-20200.1312
 01-Feb-20200.1312
 31-Jan-20200.1291
 30-Jan-20200.1291
Dividend25-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-20130.2643
 26-Sep-20120.2643
 28-Mar-20120.5285
 29-Mar-20110.1757
 30-Sep-20100.0878
 29-Mar-20100.1314
 30-Sep-20090.0438
 30-Mar-20090.2628
 30-Sep-20080.1971
 30-Mar-20080.2143
 28-Sep-20070.2412
 30-Mar-20070.2193
 29-Sep-20060.1973
 27-Mar-20060.2193
 26-Sep-20050.1754
 28-Mar-20050.1327
 27-Sep-20040.0663

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM