UTI Floater Fund Direct Growth

UTI Floater Fund Direct Growth

Debt

Direct

Floating Rate

NAV as on 06-12-2024

₹ 1496.64

Inception Returns

6.8%

/yr

About UTI Floater Fund Direct Growth

UTI Floater Fund Direct Growth is a debt fund. This fund was started on 30 October, 2018. The fund is managed by Sudhir Agarwal. This fund is suitable to keep your money safe.

Key Parameters

  1. UTI Floater Fund Direct Growth has ₹1430 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 Floater Fund Direct Growth has given a CAGR return of 6.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.65%, 6.27% and 6.29% respectively.

Holdings

UTI Floater Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Power Finance Corporation Limited, Indian Railway Finance Corporation Limited, Small Industries Development Bank Of India, National Bank For Agriculture And Rural Development, LIC Housing Finance Ltd

Taxation

As it is a floating rate 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 Floater Fund Direct Growth

The investment objective of the scheme is 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. 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 Floater Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
11 people have invested ₹ 5.8L in UTI Floater Fund Direct Growth in the last three months

UTI Floater Fund Direct Growth Overview

Expense ratio0.4%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹1430 Cr
Inception Date30 October, 2018
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
157.12%
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 (06-Dec-24)

Period
UTI Floater Fund Direct Growth
Floating Rate Index
1M
0.6%
0.6%
3M
1.9%
1.9%
6M
3.7%
4.3%
1Y
7.7%
8.4%
3Y
6.3%
6.5%
5Y
6.3%
6.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
49.6%
Government
27.5%
Cash Equivalent
22.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.4K Cr
₹ 1.3K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.4K Cr as of Oct'24
  • AUM increased by 76.6 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 9.3% to 22.8%
Cash allocation has gone up from 9.3% to 22.8%
Debt allocation has gone down from 90.3% to 76.9%
Debt allocation has gone down from 90.3% to 76.9%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
50%
Government
28%
Sep'24
Corporate
69%
Government
29%
  • Debt & Cash

Holdings
Weight%
1M Change
Power Finance Corporation Limited
Power Finance Corporation Limited
8.82%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
5.25%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.24%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
5.23%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
4.21%
0%
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Sudhir Agarwal
Sudhir Agarwal
Fund Manager of UTI Floater Fund Direct Growth, since 30 October 2018
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
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.17% return, outperforming this fund by 0.91% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.4% which is lower than the category average expense ratio of 0.56%.
Insights icon
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.38% return, outperforming this fund by 1.09% per annum.
Insights icon
Over the last 3 months, this fund has increased expense ratio by 17.6% moving from 0.34 to 0.40.
Insights icon
In the last 1 year, DSP Floater Fund Direct Growth has given 9.79% return, outperforming this fund by 2.14%.

UTI Floater 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 6.83% since inception which is more than its category average return of 5.6%
AUM size ₹1430 Cr

AUM size ₹1430 Cr

This fund has AUM of ₹1430 Cr which is less than its category average of ₹ 4634 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for UTI Floater Fund Direct Growth

The current NAV of UTI Floater Fund Direct Growth is ₹1496.64 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
UTI Floater Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.62%
0.62%
6 Month Returns
3.74%
3.74%
1 Year Returns
7.65%
7.65%
3 Years Returns
20%
6.27%
5 Years Returns
35.64%
6.29%
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.
0.4% as on November 2024
₹1430 Cr as on November 2024
Power Finance Corporation Limited(8.82%), Indian Railway Finance Corporation Limited(5.25%), Small Industries Development Bank Of India(5.24%), National Bank For Agriculture And Rural Development(5.23%), LIC Housing Finance Ltd(4.21%) as on November 2024
Corporate(53.73%), Cash Equivalent(25.41%), Government(20.86%) as on November 2024
Yield to Maturity is 7.36 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 1.43 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Sudhir Agarwal is the fund manager of UTI Floater Fund Direct Growth
The Exit load of UTI Floater Fund Direct Growth is 0%