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Unrated

UTI Floater Fund - Regular Plan


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate 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 3.14 0.03 0.06 0.16 0.54 1.79 3.35 6.40 -- -- --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 3.20 -- -- --
Debt: Floater 3.68 0.04 0.09 0.24 0.67 2.07 4.08 7.04 -- -- --
Rank within category 8 11 12 10 11 8 8 5 -- -- --
Number of funds in category 8 12 12 12 12 10 8 6 5 5 5

As on 08-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Floater Fund - Regular Plan
Unrated
Oct-18 3.35 6.40 -- 0.85% 3,142
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 4.53 7.43 7.22 0.48% 23,796
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 3.86 7.09 7.08 0.42% 19,376
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 3.86 7.09 7.08 0.28% 19,376
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 4.10 8.18 7.20 0.57% 19,094

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.83 24-Mar-2020 - 31-Mar-2020 -1.03 12-Mar-2020 - 19-Mar-2020
Month 2.94 24-Mar-2020 - 23-Apr-2020 -1.17 20-Feb-2020 - 23-Mar-2020
Quarter 4.86 24-Mar-2020 - 24-Jun-2020 -0.09 24-Dec-2019 - 24-Mar-2020
Year 9.18 03-Jul-2019 - 02-Jul-2020 3.36 25-Nov-2020 - 25-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.25 1.28 1.93 4.21 1.70 3.50
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Floater 6.88 1.27 2.44 4.33 1.02 3.72
Rank within category 5 4 6 4 6 5
Number of funds in category 6 6 6 6 6 6

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 43 36 105
Modified Duration (yrs) 0.52 3.46 0.52 --
Average Maturity (yrs) 3.01 3.77 1.06 --
Yield to Maturity (%) 4.26 4.38 4.06 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 19.34 18.00
new Bajaj Finance 36-D 07/12/2021 Commercial Paper A1+ 0.00 - 4.77 4.77
equal Axis Finance 24/05/2024 Debenture AAA 0.00 - 4.19 3.50
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.00 - 3.97 3.27
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 5.02 3.23
equal 4.23% HDFC 18/02/2022 Debenture AAA 1.93 - 3.83 3.19
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 3.77 3.18
equal Reliance Industries 91-D 17/12/2021 Commercial Paper A1+ 0.00 - 3.31 3.18
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 3.22 3.09
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.98 2.45
equal Tata Cleantech Capital 26/07/2024 Non Convertible Debenture AAA 0.00 - 2.00 1.91
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 2.49 1.63
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 2.49 1.62
equal India Grid Trust 28/06/2024 Non Convertible Debenture AAA 1.57 - 2.40 1.62
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 1.58 - 2.44 1.61
equal GOI 2031 GOI Securities SOV 0.00 - 4.79 1.60
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 1.56 - 2.40 1.60
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 1.65 1.59
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 2.96 1.59
equal 4.71% HDFC 2023 Non Convertible Debenture AAA 0.00 - 1.66 1.58
equal 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 1.58 1.58
equal HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 1.61 1.54
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.41 - 2.20 1.45
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 1.24 - 1.90 1.27
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 1.10 - 1.71 1.12

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-Nov-2021

*As on 31-Oct-2021

Fund Manager

— Amandeep Singh Chopra since 12-Oct-2018

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:

— Sudhir Agrawal since 12-Oct-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:


0.03%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 1,212.6559

IDCW Yearly: ₹ 1,171.5394

More

IDCW Quarterly: ₹ 1,101.2255

IDCW Half Yearly: ₹ 1,090.8528

Flexi IDCW: ₹ 1,128.4729


Investment Strategy

The scheme seeks to generate reasonable returns and reduce interest rate risk by investing in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments.

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: 30-Oct-2018
Return Since Launch: 6.40%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,142 Cr (As on 30-Nov-2021)
Expense: 0.85% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly22-Sep-202115.0000

 22-Mar-202130.0000
 23-Sep-202020.0000
 26-Mar-202028.8129
 25-Sep-20197.2032
IDCW Quarterly22-Sep-202110.0000

 23-Jun-20215.0000
 22-Mar-202120.0000
 21-Dec-202010.0000
 23-Sep-202010.0000
 24-Jun-202010.0000
 26-Mar-20207.2032
 26-Dec-201914.4064
 25-Sep-20197.2032
Flexi IDCW22-Mar-202150.0000

 24-Mar-202021.6097
IDCW Yearly22-Mar-202140.0000

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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