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Unrated

UTI Floater Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy.

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 8.05 0.30 1.40 8.35 -- -- --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 -- -- --
Debt: Floater 8.03 0.46 1.64 8.52 -- -- --
Rank within category 4 7 6 5 -- -- --
Number of funds in category 6 7 7 6 5 5 4

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.73 (06-Mar-2019 - 05-Apr-2019) 0.22 (05-Apr-2019 - 06-May-2019)
Quarter 2.81 (01-Mar-2019 - 03-Jun-2019) 1.39 (05-Nov-2018 - 04-Feb-2019)
Year 8.59 (02-Nov-2018 - 04-Nov-2019) 8.52 (06-Nov-2018 - 06-Nov-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Debt: Floater* 6.90 0.89 1.50 2.84 2.04 4.53
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 27 2 89
Modified Duration (yrs) -- 1.81 0.22 1.11
Average Maturity (yrs) 1.30 6.59 0.48 1.33
Yield to Maturity (%) -- 8.32 5.68 6.97

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 7.57 7.57
new Reserve Bank of India 91-D 20/02/2020 Treasury Bills SOV 0.00 - 6.60 6.60
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 4.44 4.44
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 8.66 4.38
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 5.59 4.37
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 5.51 4.33
new Andhra Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 4.21 4.21
new Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 4.21 4.21
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 4.64 3.24
equal National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 7.88 3.08
equal SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 3.86 3.04
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 7.19 2.75
equal 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 7.16 2.74
equal Oriental Bank of Com. 13/03/2020 Certificate of Deposit A1+ 0.00 - 7.95 2.63
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 5.96 2.29
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 5.98 2.29
equal 6.99% HUDCO 2022 Debenture AAA 0.00 - 3.66 2.24
equal HDFC Bank 15/01/2020 Certificate of Deposit A1+ 0.00 - 5.66 2.21
equal Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.80 2.20
equal SIDBI 14/02/2020 Commercial Paper A1+ 0.00 - 5.63 2.20
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 2.79 2.19
equal National Bank Agr. Rur. Devp 13/03/2020 Commercial Paper A1+ 0.00 - 2.79 2.19
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 4.32 2.19
new Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 2.11 2.11
equal 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 2.94 1.80

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-2019

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 associated with UTI AMC for over two decades.

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:


-0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 1,091.2872

Flexi Dividend: ₹ 1,091.2890

More

Dividend Yearly: ₹ 1,091.2946

Dividend Quarterly: ₹ 1,081.1548

Dividend Half Yearly: ₹ 1,081.1535


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 (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 30-Oct-2018
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,125 Cr (As on 30-Nov-2019)
Expense: 1.28% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly25-Sep-20197.2032
Dividend Quarterly25-Sep-20197.2032

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM