UTI Gilt Fund Direct Growth

UTI Gilt Fund Direct Growth

Debt

Direct

Government Bond

NAV as on 29-11-2024

₹ 62.14

0.3%

1D

Inception Returns

8.4%

/yr

About UTI Gilt Fund Direct Growth

UTI Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sudhir Agarwal. This fund is suitable to keep your money safe.

Key Parameters

  1. UTI Gilt Fund Direct Growth has ₹642 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

UTI Gilt Fund Direct Growth has given a CAGR return of 8.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.77%, 6.17% and 6.35% respectively.

Holdings

UTI Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.34% Govt Stock 2064, 7.23% Govt Stock 2039, Government Of India 6.92%, 7.09% Govt Stock 2054

Taxation

As it is a government 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 Gilt Fund Direct Growth

The investment objective of the scheme is to generate credit risk-free return through investment in sovereign securities issued by the Central Government and / or State Government and / or any security unconditionally guaranteed by the Central Government and / or State Government for repayment of principal and interest. 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 Gilt Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
16 people have invested ₹ 6.3L in UTI Gilt Fund Direct Growth in the last three months

UTI Gilt Fund Direct Growth Overview

Expense ratio0.65%
Benchmark
ICICI Securities Mibex TR INR
AUM₹642 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
661.9%
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 (29-Nov-24)

Period
UTI Gilt Fund Direct Growth
Government Bond Index
1M
0.5%
0.5%
3M
1.6%
1.7%
6M
4.3%
4.4%
1Y
9.8%
9.5%
3Y
6.2%
5.8%
5Y
6.4%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
96.2%
Cash Equivalent
3.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 663.2 Cr
₹ 659.1 Cr
₹ 647.5 Cr
  • AUM of the fund stands at 663.2 Cr as of Oct'24
  • AUM increased by 4.2 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 3.9% to 3.8%
Cash allocation has gone down from 3.9% to 3.8%
Debt allocation has gone up from 96.1% to 96.2%
Debt allocation has gone up from 96.1% to 96.2%

Top Sector in October was Government

Oct'24
Government
96%
Sep'24
Government
96%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
22.96%
0%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
18.6%
0%
7.23% Govt Stock 2039
7.23% Govt Stock 2039
16.02%
0%
Government Of India 6.92%
Government Of India 6.92%
12.46%
0%
7.09% Govt Stock 2054
7.09% Govt Stock 2054
8.62%
0%
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Sudhir Agarwal
Sudhir Agarwal
Fund Manager of UTI Gilt 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
Over the last 1 month, this fund has decreased expense ratio by 3.0% moving from 0.67 to 0.65.
Insights icon
This fund expense ratio is slightly on the lower side within the category (government bond). Its expense ratio is 0.65% which is lower than the category average expense ratio of 0.8%.
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In the last 3 years, SBI Magnum Gilt Fund Direct Growth has given 7.32% return, outperforming this fund by 1.15% per annum.
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In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.94% return, outperforming this fund by 1.59% per annum.
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In the last 1 year, Bandhan Government Securities Fund - Investment Plan - Direct Plan - Growth has given 12.3% return, outperforming this fund by 2.53%.
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Over the last 1 month, this fund has experienced a 3.2% drop in AUM moving from 663.08 Cr to 641.72 Cr.

UTI Gilt 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 8.38% since inception which is more than its category average return of 6.93%
AUM size ₹642 Cr

AUM size ₹642 Cr

This fund has AUM of ₹642 Cr which is less than its category average of ₹ 1859 Cr
Expense Ratio 0.65%

Expense Ratio 0.65%

This fund has an expense ratio of 0.65% which is less than its category average expense ratio of 0.88%

Frequently Asked Questions for UTI Gilt Fund Direct Growth

The current NAV of UTI Gilt Fund Direct Growth is ₹62.14 as on 29-Nov-2024.
Existing (Absolute + CAGR) as on 29-Nov-2024.
UTI Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.53%
0.53%
6 Month Returns
4.33%
4.33%
1 Year Returns
9.77%
9.77%
3 Years Returns
19.68%
6.17%
5 Years Returns
36.07%
6.35%
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.
0.65% as on October 2024
₹642 Cr as on October 2024
7.1% Govt Stock 2034(22.96%), 7.34% Govt Stock 2064(18.6%), 7.23% Govt Stock 2039(16.02%), Government Of India 6.92%(12.46%), 7.09% Govt Stock 2054(8.62%) as on October 2024
Yield to Maturity is 6.99 as on October 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 9.21 as on October 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 Gilt Fund Direct Growth
The Exit load of UTI Gilt Fund Direct Growth is 0%