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1 star

UTI Banking & PSU Debt Fund - Direct Plan


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

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 6.48 -0.03 0.31 1.49 4.98 6.26 8.18 4.93 6.87 -- --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 -- --
Debt: Banking and PSU 7.25 -0.06 0.40 2.05 5.83 6.97 11.43 8.89 9.02 -- --
Rank within category 16 3 12 17 17 17 17 16 14 -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Banking & PSU Debt Fund - Direct Plan  | Invest Online
1 star
Jan-14 8.18 4.93 6.87 0.25 163
IDFC Banking & PSU Debt Fund - Direct Plan
4 star
Mar-13 12.92 9.82 8.96 0.30 16,967
Axis Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.60 9.58 9.08 0.31 16,456
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.79 9.32 9.33 0.29 7,146
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
May-15 12.77 9.30 9.31 0.31 5,211

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 3.75 (24-Mar-2020 - 23-Apr-2020) -6.71 (02-Apr-2019 - 02-May-2019)
Quarter 6.28 (24-Mar-2020 - 24-Jun-2020) -4.58 (13-Feb-2019 - 15-May-2019)
Year 13.00 (24-Nov-2015 - 24-Nov-2016) -1.50 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.88 4.74 -0.09 -0.06 4.90 5.59
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.47 2.27 1.52 3.26 2.07 5.72
Rank within category 17 17 17 17 17 9
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 15 10 77
Modified Duration (yrs) 2.01 3.22 1.49 2.95
Average Maturity (yrs) 2.69 5.37 1.90 3.75
Yield to Maturity (%) 5.41 7.16 5.41 5.47

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.79% REC 21/05/2030 Debenture AAA 0.00 - 9.39 8.27
equal HUDCO 13/10/2022 Debenture AAA 0.00 - 9.84 7.98
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 9.31 7.93
equal 8.19% NTPC 15/12/2025 Bonds AAA 0.00 - 8.09 6.83
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 9.83 6.41
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 7.60 6.40
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 7.20 6.31
equal 8.30% Jorabat Shillong Expressway 2022 Non Convertible Debenture D 5.85 - 7.47 6.12
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 3.65 3.12
new 7.75% Power Finance Corp. 2030 Non Convertible Debenture AAA 0.00 - 1.91 1.91
equal 8.40% SIDBI 2021 Debenture AAA 0.06 - 0.08 0.06

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 30-Jun-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:


-0.03%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 15.8473

Flexi Dividend: ₹ 13.6564

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Dividend Yearly: ₹ 11.2081

Dividend Quarterly: ₹ 12.4233

Dividend Monthly: ₹ 12.0770

Dividend Half Yearly: ₹ 11.1275


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: 7.39%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 163 Cr (As on 30-Jun-2020)
Expense: 0.25% (As on 30-Jun-2020)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly01-Jul-20200.0450

 01-Jun-20200.0450
 04-May-20200.0450
 03-Apr-20200.0450
 02-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
Dividend Quarterly24-Jun-20200.1000

 25-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
 29-Dec-20140.1452
 25-Sep-20140.1948
 26-Jun-20140.1169
 26-Mar-20140.0701
Dividend Half Yearly25-Mar-20190.1801

 25-Sep-20180.0936
 26-Mar-20180.2347
 25-Sep-20170.1986
Dividend Yearly25-Mar-20190.2881

 26-Mar-20180.4334
Flexi Dividend28-Mar-20160.4334

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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM