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
Dividends
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| 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 (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) |
| 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
| 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 |
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| The underlying data is unavailable. |
As on 31-Jan-2020
— 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:
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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.
| 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 |
| 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: | -- |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Daily | 23-Feb-2020 | 0.1340 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend | 25-Mar-2019 | 28.8129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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
Friday, 28-Feb-2020
12:30 PM - 01:00 PM