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UTI Banking & PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.00 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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(₹)
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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 1.70 -0.33 -0.47 -0.45 1.52 3.49 0.34 4.08 6.28 -- --
CCIL T Bill Liquidity Weight 1.14 0.00 0.08 0.41 1.05 1.92 4.11 4.16 4.43 -- --
Debt: Banking and PSU 1.63 -0.42 -0.60 -0.66 1.37 3.61 8.43 7.48 7.77 -- --
Rank within category 10 5 5 7 8 12 15 14 11 -- --
Number of funds in category 17 17 17 17 17 16 15 14 11 7 3

As on 07-Apr-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.75 (24-Mar-2020 - 31-Mar-2020) -6.68 (26-Apr-2019 - 03-May-2019)
Month 2.38 (04-Nov-2016 - 06-Dec-2016) -6.71 (02-Apr-2019 - 02-May-2019)
Quarter 4.51 (03-May-2019 - 02-Aug-2019) -4.61 (13-Feb-2019 - 15-May-2019)
Year 12.90 (24-Nov-2015 - 24-Nov-2016) -1.59 (03-May-2018 - 03-May-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.26 4.65 -0.28 -0.19 6.47 8.30
CCIL T Bill Liquidity Weight 4.07 0.27 -5.49 -9.70 -- --
Debt: Banking and PSU 7.54 2.01 1.11 2.21 3.95 7.84
Rank within category 17 17 17 17 17 7
Number of funds in category 17 17 17 17 17 17

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

As on 31-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 15 13 71
Modified Duration (yrs) 2.72 3.59 1.37 --
Average Maturity (yrs) 3.58 5.05 1.82 --
Yield to Maturity (%) 6.55 8.42 6.55 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Axis Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 9.34 8.89
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 9.20 8.67
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 7.54 - 10.03 8.61
equal HUDCO 13/10/2022 Debenture AAA 0.00 - 9.22 8.49
equal 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.00 - 8.86 8.48
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 9.21 8.45
new 7.43% National Bank Agr. Rur. Devp 31/01/2030 Debenture AAA 0.00 - 6.60 6.60
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 6.91 6.53
equal 8.30% Jorabat Shillong Expressway 2022 Non Convertible Debenture D 4.99 - 6.87 6.44
new 8.19% NTPC 15/12/2025 Bonds AAA 0.00 - 4.85 4.85
equal 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 3.44 3.25
new 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 2.77 2.77
equal 8.93% Power Grid Corporation 20/10/2020 Bonds AAA 2.62 - 5.04 2.62
equal 8.40% SIDBI 2021 Debenture AAA 0.04 - 0.07 0.07

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 29-Feb-2020

Fund Manager

— Sudhir Agrawal since 27-Jan-2014

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:


-0.33%

Change from previous, NAV as on 07-Apr-2020

Growth: ₹ 15.0477

Flexi Dividend: ₹ 10.5578

More

Dividend Yearly: ₹ 10.6487

Dividend Quarterly: ₹ 11.0235

Dividend Monthly: ₹ 11.6265

Dividend Half Yearly: ₹ 10.6334


Investment Strategy

The scheme seeks to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs).

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 30-Jan-2014
Return Since Launch: 6.83%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 155 Cr (As on 29-Feb-2020)
Expense: 0.31% (As on 29-Feb-2020)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly02-Mar-20200.0324

 03-Feb-20200.0324
 01-Jan-20200.0324
 02-Dec-20190.0324
 01-Nov-20190.0324
 01-Oct-20190.0324
 03-Sep-20190.0324
 01-Aug-20190.0324
 01-Jul-20190.0324
 03-Jun-20190.0324
 02-May-20190.0324
 02-Apr-20190.0324
 01-Mar-20190.0324
 01-Feb-20190.0324
 01-Jan-20190.0324
 03-Dec-20180.0324
 01-Nov-20180.0324
 01-Oct-20180.0324
 03-Sep-20180.0324
 01-Aug-20180.0324
 02-Jul-20180.0324
 04-Jun-20180.0324
 02-May-20180.0324
Dividend Half Yearly25-Mar-20190.1801

 25-Sep-20180.0936
 26-Mar-20180.2167
 25-Sep-20170.2167
 22-Mar-20170.2167
 26-Sep-20160.1806
Dividend Quarterly25-Mar-20190.1080

 26-Dec-20180.0864
 25-Sep-20180.0720
 26-Jun-20180.0216
 26-Mar-20180.1083
 26-Dec-20170.1083
 25-Sep-20170.1083
 28-Jun-20170.1083
 22-Mar-20170.1806
 26-Dec-20160.1083
 26-Sep-20160.1083
 27-Jun-20160.1083
 28-Mar-20160.1806
 28-Dec-20150.1083
 28-Sep-20150.1083
 25-Jun-20150.1083
 26-Mar-20150.1452
 29-Dec-20140.1452
 25-Sep-20140.1948
 26-Jun-20140.1169
 26-Mar-20140.0701
Dividend Yearly25-Mar-20190.2881

 26-Mar-20180.4334
Flexi Dividend25-Mar-20190.2881

 26-Mar-20180.4334
 22-Mar-20170.2167

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

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

Registration Over