UTI Banking & PSU Fund Direct Growth

UTI Banking & PSU Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 11-12-2024

₹ 21.26

Inception Returns

7.2%

/yr

About UTI Banking & PSU Fund Direct Growth

UTI Banking & PSU Fund Direct Growth is a debt fund. This fund was started on 3 February, 2014. The fund is managed by Anurag Mittal. This fund is suitable to keep your money safe.

Key Parameters

  1. UTI Banking & PSU Fund Direct Growth has ₹820 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

UTI Banking & PSU Fund Direct Growth has given a CAGR return of 7.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.29%, 8.45% and 7.51% respectively.

Holdings

UTI Banking & PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.38% Govt Stock 2027, Axis Bank Limited, Export-Import Bank Of India, Small Industries Development Bank Of India, ICICI Bank Limited

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of UTI Banking & PSU Fund Direct Growth

The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. UTI Banking & PSU Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
352 people have invested ₹ 27.1L in UTI Banking & PSU Fund Direct Growth in the last three months

UTI Banking & PSU Fund Direct Growth Overview

Expense ratio0.38%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹820 Cr
Inception Date3 February, 2014
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
44.09%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (11-Dec-24)

Period
UTI Banking & PSU Fund Direct Growth
Banking and PSU Index
1M
0.5%
0.5%
3M
1.9%
1.7%
6M
4.1%
3.8%
1Y
8.3%
7.9%
3Y
8.5%
5.7%
5Y
7.5%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
48.9%
Corporate
47.6%
Cash Equivalent
3.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 824.1 Cr
₹ 824.1 Cr
₹ 831.8 Cr
  • AUM of the fund stands at 824.1 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone down from 3.9% to 3.5%
Cash allocation has gone down from 3.9% to 3.5%
Debt allocation has gone up from 95.8% to 96.2%
Debt allocation has gone up from 95.8% to 96.2%

Top 2 Sectors in October were Government, Corporate

Oct'24
Government
49%
Corporate
48%
Sep'24
Government
49%
Corporate
47%
  • Debt & Cash

Holdings
Weight%
1M Change
7.38% Govt Stock 2027
7.38% Govt Stock 2027
10.71%
0%
Axis Bank Limited
Axis Bank Limited
6.82%
0%
Export-Import Bank Of India
Export-Import Bank Of India
6.25%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
6.24%
0%
ICICI Bank Limited
ICICI Bank Limited
5.98%
0%
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Anurag Mittal
Anurag Mittal
Fund Manager of UTI Banking & PSU Fund Direct Growth, since 1 December 2021
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.37L Cr
as on 31-Oct-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.55%.
Insights icon
Over the last 6 months, this fund has experienced a 13.4% drop in AUM moving from 947.38 Cr to 820.41 Cr.
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In the last 5 years, this fund has outperformed all funds in its category.
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In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.43% return, outperforming this fund by 1.13%.
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In the last 3 years, this fund has outperformed all funds in its category.

UTI Banking & PSU Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.2% since inception which is more than its category average return of 5.85%
AUM size ₹820 Cr

AUM size ₹820 Cr

This fund has AUM of ₹820 Cr which is less than its category average of ₹ 3594 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions for UTI Banking & PSU Fund Direct Growth

The current NAV of UTI Banking & PSU Fund Direct Growth is ₹21.26 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
UTI Banking & PSU Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.51%
0.51%
6 Month Returns
4.12%
4.12%
1 Year Returns
8.29%
8.29%
3 Years Returns
27.55%
8.45%
5 Years Returns
43.64%
7.51%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.38% as on November 2024
₹820 Cr as on November 2024
7.38% Govt Stock 2027(10.71%), Axis Bank Limited(6.82%), Export-Import Bank Of India(6.25%), Small Industries Development Bank Of India(6.24%), ICICI Bank Limited(5.98%) as on November 2024
Government(48.48%), Corporate(46.6%), Cash Equivalent(4.92%) as on November 2024
Yield to Maturity is 7.31 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.42 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Anurag Mittal is the fund manager of UTI Banking & PSU Fund Direct Growth
The Exit load of UTI Banking & PSU Fund Direct Growth is 0%