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Unrated

UTI Money Market Fund Discontinued


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 2.40 0.01 0.05 0.25 0.87 1.73 3.41 5.84 6.06 6.52 7.18
CCIL T Bill Liquidity Weight 1.50 -0.03 0.01 0.17 0.60 1.07 2.17 3.40 3.66 4.10 4.54
Debt: Money Market 2.57 0.01 0.05 0.28 0.94 1.86 3.64 6.07 6.36 6.93 7.65

As on 23-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Money Market Fund Discontinued
Unrated
Apr-97 3.41 5.84 6.06 0.17 9,201
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 4.07 6.64 6.81 0.33 16,634
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.94 6.55 6.61 0.35 15,730
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.87 6.38 6.60 0.33 12,759
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 4.14 4.50 5.13 0.43 7,139

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.97 24-Mar-2020 - 31-Mar-2020 -0.69 17-Mar-2020 - 24-Mar-2020
Month 1.63 24-Mar-2020 - 23-Apr-2020 -0.43 25-Feb-2020 - 26-Mar-2020
Quarter 3.01 24-Mar-2020 - 24-Jun-2020 0.42 24-Dec-2019 - 24-Mar-2020
Year 11.22 06-Mar-1998 - 08-Mar-1999 3.41 20-Aug-2020 - 20-Aug-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.77 0.69 2.51 5.61 1.28 2.58
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Money Market 6.10 1.12 2.45 5.93 1.49 3.05

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 56 66 44 45
Modified Duration (yrs) 0.32 0.48 0.28 0.34
Average Maturity (yrs) 0.32 0.48 0.28 0.34
Yield to Maturity (%) 3.55 3.89 3.36 3.56
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 Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 16.22 12.86
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 9.09 5.87
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 5.93 4.58
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 4.31 4.31
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 4.31 4.31
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.40 3.40
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 3.23 3.23
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 3.08 3.08
equal Reliance Industries 146-D 20/12/2021 Commercial Paper A1+ 0.00 - 2.69 2.69
equal IDFC First Bank 15/03/2022 Certificate of Deposit A1+ 0.00 - 3.66 2.66
equal Bajaj Housing Finance 365-D 30/03/2022 Commercial Paper A1+ 0.00 - 3.65 2.66
equal Shriram Transport Finance Company 70-D 27/09/2021 Commercial Paper A1+ 0.00 - 2.17 2.17
equal Export-Import Bank 184-D 30/12/2021 Certificate of Deposit A1+ 0.00 - 2.96 2.15
equal Export-Import Bank 182-D 20/12/2021 Certificate of Deposit A1+ 0.00 - 2.96 2.15
equal ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 2.15 2.15
equal Tata Capital Housing Finance 212-D 25/02/2022 Commercial Paper A1+ 0.00 - 2.14 2.14
new HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 2.13 2.13
new ICICI Securities 222-D 16/03/2022 Commercial Paper A1+ 0.00 - 2.13 2.13
equal Can Fin Homes 334-D 18/01/2022 Commercial Paper A1+ 0.00 - 2.58 1.87
equal Tata Projects 179-D 16/11/2021 Commercial Paper A1+ 0.00 - 2.23 1.62
equal L&T Infrastructre Finance 275-D 10/12/2021 Commercial Paper A1+ 0.00 - 2.22 1.61
equal Sikka Ports and Terminals 157-D 30/12/2021 Commercial Paper A1+ 0.00 - 1.61 1.61
new Jamnagar Utilities and Power 140-D 27/12/2021 Commercial Paper A1+ 0.00 - 1.61 1.61
equal Standard Chartered Invest&Loan 181-D 22/11/2021 Commercial Paper A1+ 0.00 - 1.93 1.40
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 2.59 1.34

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-Aug-2021

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 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:

— Amit Sharma since 08-Jul-2017

Education: Mr. Sharma is a B.Com, CA, FRM

Experience: He has been associated with the Dept. of Fund Management of UTI for the past 5 years.

Funds Managed:


0.01%

Change from previous, NAV as on 23-Sep-2021

Growth: ₹ 5,674.1071

IDCW Periodic: ₹ 2,052.0131

Flexi IDCW: ₹ 3,061.7182


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 23-Apr-1997
Return Since Launch: 7.36%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 9,201 Cr (As on 31-Aug-2021)
Expense: 0.17% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Periodic01-Oct-20205.5732

 01-Sep-20206.5774
 03-Aug-20209.7191
 01-Jul-202010.6714
 01-Jun-202018.9815
 04-May-202010.5955
 03-Apr-20209.2884
 02-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
Flexi IDCW01-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: 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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