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Unrated

UTI Corporate Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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 2.31 -0.02 0.13 1.84 2.63 5.91 12.77 -- -- -- --
VR Bond 1.68 0.09 0.38 1.51 2.39 3.10 8.92 -- -- -- --
Debt: Corporate Bond 1.97 -0.01 0.10 1.52 2.38 4.76 9.15 -- -- -- --
Rank within category 3 17 5 3 4 1 2 -- -- -- --
Number of funds in category 20 20 20 20 20 20 19 14 13 9 6

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.06 (01-Jul-2019 - 08-Jul-2019) -0.64 (04-Dec-2019 - 11-Dec-2019)
Month 2.20 (14-Jun-2019 - 16-Jul-2019) -0.86 (24-Aug-2018 - 25-Sep-2018)
Quarter 4.98 (07-May-2019 - 06-Aug-2019) 0.56 (10-Aug-2018 - 09-Nov-2018)
Year 13.09 (01-Nov-2018 - 01-Nov-2019) 10.13 (14-Aug-2018 - 14-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond* 6.27 2.58 0.58 1.06 0.60 0.39
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 44 45 10 68
Modified Duration (yrs) 3.37 4.25 1.53 2.48
Average Maturity (yrs) 4.16 5.84 1.75 3.19
Yield to Maturity (%) 7.17 9.65 6.97 7.19

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 6.79 6.79
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 5.58 5.58
equal REC 13/12/2022 Debenture AAA 0.00 - 6.72 5.51
new 9.37% Power Finance Corp. 19/08/2024 Bonds AAA 0.00 - 3.70 3.70
equal 9.24% LIC Housing Fin. 30/09/2024 Debenture AAA 0.00 - 5.99 3.63
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 5.71 3.49
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 5.59 3.48
equal 6.99% HUDCO 2022 Debenture AAA 0.00 - 5.63 3.46
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 5.66 3.46
equal 7.70% Bajaj Finance 2022 Non Convertible Debenture AAA 0.00 - 5.67 3.46
new 7.84% Bank of Baroda 15/01/2035 Debenture AAA 0.00 - 3.46 3.46
new National Bank Agr. Rur. Devp Non Convertible Debenture AAA 0.00 - 3.44 3.44
equal HPCL 14/08/2024 Debenture AAA 0.00 - 4.50 2.76
equal 8.48% L&T Housing Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 2.76 2.76
equal 8.70% Bank of Baroda 28/11/2020 Non Convertible Debenture AA+ 0.00 - 2.75 2.75
new First Business Receivable Trust Securitised Debt AAA 0.00 - 1.35 2.67
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 9.88 2.37
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 2.19 - 9.31 2.21
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 2.16 - 9.24 2.20
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 3.23 2.08
new 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.06 2.06
equal 7.20% Power Grid Corporation 2027 Debenture AAA 0.00 - 2.05 2.05
equal LIC Housing Fin. 25/02/2022 Debenture AAA 1.93 - 8.75 1.98
equal 8.85% NHPC 2024 Bonds AAA 0.00 - 2.66 1.63
equal 8.85% NHPC 2023 Bonds AAA 0.00 - 2.64 1.61

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 31-Jan-2020

Fund Manager

— Sudhir Agrawal since 23-Jul-2018

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:

— Sunil Patil since 23-Jul-2018

Education: Mr. Sunil Patil is an M.Com, MFM and CA LLB-I.

Experience: He has been associated with UTI Mutual Fund for close to two decades.

Funds Managed:


-0.02%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 11.7000

Flexi Dividend: ₹ 11.4773

More

Dividend Yearly: ₹ 11.4773

Dividend Quarterly: ₹ 11.0534

Dividend Half Yearly: ₹ 11.2666


Investment Strategy

The scheme seeks to generate optimal returns by investing predominantly in AA+ and above rated corporate bonds.

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: 08-Aug-2018
Return Since Launch: 10.76%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 728 Cr (As on 31-Jan-2020)
Expense: 0.52% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Dec-20190.0720

 25-Sep-20190.1441
 27-Jun-20190.0720
 25-Mar-20190.0720
 26-Dec-20180.0720
Dividend Half Yearly25-Sep-20190.1441

 25-Mar-20190.1441
Dividend Yearly25-Mar-20190.1441
Flexi Dividend25-Mar-20190.1441

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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM