UTI Floater Direct Growth

UTI Floater Direct Growth

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Debt
Direct
Floating Rate
NAV: ₹ 1440.02 as on 24-05-2024

About the Fund

UTI Floater 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 Direct Growth has ₹1400 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.
Fund Performance
zero opening, trading, fund transfer fee
13 people have invested ₹ 1.4L in UTI Floater Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.35%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹1400 Cr
Inception Date
Inception Date
30 October, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
341.76%

UTI Floater Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
58.6%
Government
21.2%
Cash Equivalent
20.2%

Top Holdings of UTI Floater Direct Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings23
Holdings
Weight%
1M Change
ICICI Bank Ltd.
ICICI Bank Ltd.
8.44%
0%
HDFC Bank Ltd.
HDFC Bank Ltd.
8.44%
0%
Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank Ltd.
8.4%
0%
Canara Bank
Canara Bank
6.73%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.34%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.5K Cr
₹ 1.5K Cr
₹ 1.5K Cr
  • AUM of the fund stands at 1.5K Cr as of Apr'24
  • AUM decreased by 3.5 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has experienced a 6.3% drop in AUM moving from 1.49K Cr to 1.40K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.6%.
Insights icon
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.65% return, outperforming this fund by 0.94% per annum.
Insights icon
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.46% return, outperforming this fund by 0.97% per annum.
Insights icon
In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.64% return, outperforming this fund by 1.33%.

Fund Manager

Sudhir Agarwal
Sudhir Agarwal
Fund Manager of UTI Floater Direct Growth, since 30 October 2018

UTI Floater Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 6.77% since inception which is more than its category average return of 5.1%
AUM size ₹1400 Cr

AUM size ₹1400 Cr

This fund has AUM of ₹1400 Cr which is less than its category average of ₹ 4697 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.56%

Frequently Asked Questions

The current NAV of UTI Floater Direct Growth is ₹1440.02 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
UTI Floater Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.61%
0.61%
6 Month Returns
3.82%
3.82%
1 Year Returns
7.31%
7.31%
3 Years Returns
18.12%
5.71%
5 Years Returns
36.92%
6.49%
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.
0.35% as on April 2024
₹1400 Cr as on April 2024
HDFC Bank Ltd.(8.44%), ICICI Bank Ltd.(8.44%), Kotak Mahindra Bank Ltd.(8.4%), Canara Bank(6.73%), Small Industries Development Bank Of India(5.34%) as on April 2024
Corporate(58.8%), Cash Equivalent(25.72%), Government(15.48%) as on April 2024
Yield to Maturity is 7.48 as on April 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 0.86 as on April 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 Direct Growth
The Exit load of UTI Floater Direct Growth is 0%