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4 star

UTI Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 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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(₹)
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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 1.03 0.01 0.06 0.25 0.73 1.47 3.01 4.72 5.52 6.21 6.90
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 3.61 3.86 4.31 4.65
Debt: Overnight 1.02 0.01 0.06 0.25 0.73 1.46 2.98 4.56 5.06 5.79 6.68
Rank within category 9 12 9 9 9 10 10 1 -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 05-May-2021

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 3.01 4.72 5.52 0.12 3,737
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.04 -- -- 0.10 5,448
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 2.97 -- -- 0.19 4,567
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.02 -- -- 0.18 1,217
Sundaram Overnight Fund - Regular Plan
4 star
Mar-19 2.92 -- -- 0.21 626

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 4.65 0.41 0.67 1.95 0.65 0.81
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Overnight 4.49 0.39 0.24 0.78 0.61 0.62
Rank within category 1 3 1 1 3 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 30-Apr-2021

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 (%) 3.31 3.60 2.85 --
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-Mar-2021

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 UTI AMC since 1994 beginning with Investment Research and then moving into the area of Fund Management. Prior to this, he had an experience of 2 years of working with Aaina Exports Ltd and Stenay Ltd. He serves on the Executive Investment Committee (EIC), Valuation Committee and the Management Committee of UTI AMC Ltd. He is also a member of the Valuation Committee of the Association of Mutual Funds in India (AMFI).

Interviews:

Funds Managed:

— Amit Sharma since 03-May-2018

Education: Mr. Sharma is a B.Com, CA, FRM

Experience: He has been associated with the Dept. of Fund Management of UTI for the past 5 years.

Funds Managed:


0.01%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 2,801.8290

IDCW Daily: ₹ 1,370.8617

IDCW: ₹ 1,472.5751


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 (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 09-Dec-2003
Return Since Launch: 6.09%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,737 Cr (As on 31-Mar-2021)
Expense: 0.12% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily04-May-20210.1143

 03-May-20210.1143
 02-May-20210.1177
 01-May-20210.1177
 30-Apr-20210.1176
 29-Apr-20210.1168
 28-Apr-20210.1163
 27-Apr-20210.1152
 26-Apr-20210.1165
 25-Apr-20210.1154
 24-Apr-20210.1154
 23-Apr-20210.1153
 22-Apr-20210.1146
 21-Apr-20210.1168
 20-Apr-20210.1166
 19-Apr-20210.1145
 18-Apr-20210.1166
 17-Apr-20210.1166
 16-Apr-20210.1164
 15-Apr-20210.1154
 14-Apr-20210.1153
 13-Apr-20210.1153
 12-Apr-20210.1164
 11-Apr-20210.1096
 10-Apr-20210.1096
IDCW22-Mar-202120.0000

 26-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

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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With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM