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Unrated

UTI Money Market Fund Discontinued


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 1.16 0.74 0.55 0.30 1.21 2.73 6.75 6.80 6.97 7.40 7.53
CCIL T Bill Liquidity Weight 1.04 0.23 0.17 0.47 1.03 1.92 4.21 4.16 4.44 4.78 4.74
Debt: Money Market 1.31 0.86 0.72 0.39 1.36 3.00 7.12 6.97 7.35 7.84 7.98

As on 27-Mar-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.55 (20-Mar-2020 - 27-Mar-2020) -0.69 (17-Mar-2020 - 24-Mar-2020)
Month 1.04 (29-Sep-1998 - 31-Oct-1998) -0.43 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.90 (17-Aug-1998 - 17-Nov-1998) 0.42 (24-Dec-2019 - 24-Mar-2020)
Year 11.22 (06-Mar-1998 - 08-Mar-1999) 4.07 (22-Jul-2009 - 22-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.65 0.40 2.60 8.40 0.99 2.57
CCIL T Bill Liquidity Weight 4.06 0.27 -5.85 -10.16 -- --
Debt: Money Market 6.80 0.71 2.81 6.86 1.00 2.75

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

As on 29-Feb-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 67 44 39
Modified Duration (yrs) 0.32 0.36 0.31 0.34
Average Maturity (yrs) 0.32 0.69 0.32 0.34
Yield to Maturity (%) 5.82 7.77 5.52 5.79

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reliance Jio Infocomm 119-D 08/06/2020 Commercial Paper A1+ 0.00 - 5.98 5.98
new Oriental Bank of Com. 2020 Certificate of Deposit A1+ 0.00 - 5.98 5.98
equal HDFC 120-D 15/05/2020 Commercial Paper A1+ 0.00 - 4.30 4.20
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 3.93 - 7.83 3.93
equal Reliance Industries 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 3.91 3.60
equal Indusind Bank 20/05/2020 Certificate of Deposit A1+ 0.00 - 3.90 3.60
equal Can Fin Homes 363-D 01/06/2020 Commercial Paper A1+ 0.00 - 4.83 3.59
new Export-Import Bank 121-D 11/06/2020 Commercial Paper A1+ 0.00 - 3.59 3.59
new Indusind Bank 15/02/2021 Certificate of Deposit A1+ 0.00 - 2.86 2.86
equal JSW Steel 105-D 23/03/2020 Commercial Paper A1+ 0.00 - 2.62 2.42
new Tata Power Renewable Energy 98-D 16/03/2020 Commercial Paper A1+ 0.00 - 2.42 2.42
equal Axis Bank 29/04/2020 Certificate of Deposit A1+ 0.00 - 2.46 2.41
equal SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 3.25 2.40
equal Axis Finance 179-D 15/05/2020 Commercial Paper A1+ 0.00 - 2.60 2.40
equal Axis Bank 18/08/2020 Certificate of Deposit A1+ 0.00 - 2.56 2.36
equal Tata Capital Financial Services 365-D 27/08/2020 Commercial Paper A1+ 0.00 - 2.99 2.36
new National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 2.30 2.30
new Tata Capital Housing Finance 364-D 11/02/2021 Commercial Paper A1+ 0.00 - 2.29 2.29
equal Tata Capital Financial Services 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 2.46 2.10
up Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 3.24 1.80
equal Andhra Bank 25/06/2020 Certificate of Deposit A1+ 0.00 - 1.94 1.79
equal 7.80% GOI 2020 Central Government Loan SOV 0.00 - 1.76 1.71
up National Bank Agr. Rur. Devp 313-D 08/06/2020 Commercial Paper A1+ 0.00 - 1.49 1.49
equal Standard Chartered Invest&Loan 175-D 09/03/2020 Commercial Paper A1+ 0.00 - 1.54 1.21
equal Reliance Industries 179-D 02/03/2020 Commercial Paper A1+ 0.00 - 1.55 1.21

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

— Amandeep Singh Chopra since 01-Jul-2015

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:

— Amit Sharma since 08-Jul-2017

Experience: He has been associated with the Dept. of Fund Management of UTI for the past 4 years.

Funds Managed:


0.74%

Change from previous, NAV as on 27-Mar-2020

Growth: ₹ 5,312.7500

Flexi Dividend: ₹ 2,866.7278

Dividend Periodic: ₹ 1,991.6887


Investment Strategy

The scheme seeks to generate reasonable income with high level of liquidity by investing in a portfolio of money market instruments.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) --
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: 23-Apr-1997
Return Since Launch: 7.55%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 8,238 Cr (As on 29-Feb-2020)
Expense: 0.17% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Periodic02-Mar-20206.1217

 03-Feb-20206.5253
 01-Jan-20205.1650
 02-Dec-20196.7411
 01-Nov-20198.5217
 01-Oct-20196.4424
 03-Sep-20199.4485
 01-Aug-201912.6491
 01-Jul-20196.0439
 03-Jun-201912.7906
 02-May-20194.5923
 02-Apr-201913.0484
 01-Mar-20198.1280
 01-Feb-20199.3954
 01-Jan-20199.5508
 03-Dec-20189.6804
 01-Nov-20189.4320
 01-Oct-20187.1352
 03-Sep-20189.2351
 01-Aug-20188.3147
 02-Jul-20189.1364
 01-Jun-20187.6231
 02-May-20187.1182
 03-Apr-20189.3798
 01-Mar-20186.5897
Flexi Dividend01-Dec-20148.7014

 03-Nov-201410.5130
 01-Oct-20149.6298
 01-Sep-201410.4600
 01-Aug-201410.1258
 02-Jul-201410.1974
 02-Jun-201410.9509
 02-May-201411.0014
 02-Apr-201411.7519
 03-Mar-20149.6232
 03-Feb-201411.4023
 01-Jan-201410.5776
 02-Dec-201311.3181
 01-Nov-201312.5218
 01-Oct-201312.3197
 02-Sep-201314.0362
 01-Aug-20136.0186
 02-Jul-20139.1786
 03-Jun-201310.5484
 02-May-201310.4076
 02-Apr-201311.7337
 01-Mar-20139.2115
 01-Feb-201331.1099
 30-Oct-20121.5271
 23-Oct-20120.4251

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