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4 star

UTI Overnight Fund - Regular 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 2.62 0.01 0.06 0.25 0.77 1.50 3.84 4.93 5.91 6.67 7.03
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 4.77
Debt: Overnight 2.58 0.01 0.06 0.25 0.75 1.48 3.79 5.07 5.54 6.28 6.95
Rank within category 8 10 6 5 7 9 7 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 3

As on 01-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.84 4.93 5.91 0.11 7,030
Axis Overnight Fund - Regular Plan  | Invest Online
4 star
Mar-19 3.84 -- -- 0.10 4,032
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.83 -- -- 0.19 3,980
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.95 -- -- 0.15 2,082
Sundaram Overnight Fund - Regular Plan
5 star
Mar-19 3.83 -- -- 0.19 795

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 4.83 0.44 -0.53 -0.79 0.56 0.41
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight 4.93 0.36 -0.41 -0.61 0.43 0.37
Rank within category 3 4 3 3 4 3
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 30-Sep-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 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 01-Oct-2020

Growth: ₹ 2,753.3242

Dividend Daily: ₹ 1,370.8617

Dividend: ₹ 1,466.8060


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: 6.20%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 7,030 Cr (As on 31-Aug-2020)
Expense: 0.11% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.1160

 29-Sep-20200.1171
 28-Sep-20200.1175
 27-Sep-20200.1182
 26-Sep-20200.1183
 25-Sep-20200.1161
 24-Sep-20200.1161
 23-Sep-20200.1159
 22-Sep-20200.1157
 21-Sep-20200.1159
 20-Sep-20200.1177
 19-Sep-20200.1177
 18-Sep-20200.1158
 17-Sep-20200.1159
 16-Sep-20200.1164
 15-Sep-20200.1167
 14-Sep-20200.1155
 13-Sep-20200.1175
 12-Sep-20200.1175
 11-Sep-20200.1157
 10-Sep-20200.1154
 09-Sep-20200.1143
 08-Sep-20200.1136
 07-Sep-20200.1124
 06-Sep-20200.1103
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-20130.2643
 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

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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