UTI Corporate Bond Fund Direct Growth

UTI Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 04-10-2024

₹ 15.72

Inception Returns

7.6%

/yr

About the Fund

UTI Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 8 August, 2018. The fund is managed by Anurag Mittal. This fund is suitable to keep your money safe.

Key Parameters

  1. UTI Corporate Bond Fund Direct Growth has ₹3999 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

UTI Corporate Bond Fund Direct Growth has given a CAGR return of 7.64% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.36%, 6.08% and 7.00% respectively.

Holdings

UTI Corporate Bond Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, LIC Housing Finance Limited, Export-Import Bank of India, National Bank For Agriculture And Rural Development, Indian Railway Finance Corporation Limited

Taxation

As it is a corporate bond 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 Corporate Bond Fund Direct Growth

The investment objective of the scheme is to generate optimal returns by investing predominantly in AA+ and above rated corporate bonds. However, there can be no assurance that the investment objective of the scheme will be realized. 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 Corporate Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
60 people have invested ₹ 3.7L in UTI Corporate Bond Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.29%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹3999 Cr
Inception Date8 August, 2018
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
131.09%
STCGSelling 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 (04-Oct-24)

Period
UTI Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.9%
0.5%
3M
2.5%
2.1%
6M
4.3%
3.7%
1Y
8.4%
7.5%
3Y
6.1%
5.5%
5Y
7%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Government
53.2%
Corporate
43.4%
Cash Equivalent
3.3%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 3.9K Cr
₹ 3.9K Cr
₹ 3.7K Cr
  • AUM of the fund stands at 3.9K Cr as of Aug'24
  • AUM increased by 66.2 Cr between Aug'24 and Jul'24
Cash allocation has gone down from 6.6% to 3.3%
Cash allocation has gone down from 6.6% to 3.3%
Debt allocation has gone up from 93.2% to 96.4%
Debt allocation has gone up from 93.2% to 96.4%

Top 2 Sectors in August were Government, Corporate

Aug'24
Government
53%
Corporate
43%
Jul'24
Government
50%
Corporate
43%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
21.97%
-9%
LIC Housing Finance Limited
LIC Housing Finance Limited
4.4%
0%
Export-Import Bank of India
Export-Import Bank of India
4.39%
75%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.14%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
3.64%
0%
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Anurag Mittal
Anurag Mittal
Fund Manager of UTI Corporate Bond Fund Direct Growth, since 1 December 2021
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.29L Cr
as on 31-Aug-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
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.76% return, outperforming this fund by 0.68% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.29% which is lower than the category average expense ratio of 0.5%.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 8.92% return, outperforming this fund by 0.56%.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.54% return, outperforming this fund by 0.54% per annum.
Insights icon
Over the last 15 months, this fund has increased expense ratio by 16.0% moving from 0.25 to 0.29.

UTI Corporate Bond 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 7.64% since inception which is more than its category average return of 5.69%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 6284 Cr
Expense Ratio 0.29%

Expense Ratio 0.29%

This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of UTI Corporate Bond Fund Direct Growth is ₹15.72 as on 04-Oct-2024.
Existing (Absolute + CAGR) as on 04-Oct-2024.
UTI Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.92%
0.92%
6 Month Returns
4.33%
4.33%
1 Year Returns
8.36%
8.36%
3 Years Returns
19.38%
6.08%
5 Years Returns
40.28%
7%
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.
0.29% as on September 2024
₹3999 Cr as on September 2024
7.1% Govt Stock 2034(21.97%), LIC Housing Finance Limited(4.4%), Export-Import Bank of India(4.39%), National Bank For Agriculture And Rural Development(4.14%), Indian Railway Finance Corporation Limited(3.64%) as on September 2024
Government(51.69%), Corporate(43.5%), Cash Equivalent(4.82%) as on September 2024
Yield to Maturity is 7.4 as on September 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 3.46 as on September 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 Corporate Bond Fund Direct Growth
The Exit load of UTI Corporate Bond Fund Direct Growth is 0%