UTI Ultra Short Duration Fund Direct Growth

UTI Ultra Short Duration Fund Direct Growth

Debt

Direct

Ultra Short Duration

NAV as on 05-12-2024

₹ 4354.54

Inception Returns

7.5%

/yr

About UTI Ultra Short Duration Fund Direct Growth

UTI Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Ritesh Nambiar. This fund is suitable to keep your money safe.

Key Parameters

  1. UTI Ultra Short Duration Fund Direct Growth has ₹3046 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 Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.84%, 6.56% and 6.48% respectively.

Holdings

UTI Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Corporate, Consumer Cyclical, Government. Its top holdings are National Bank For Agriculture And Rural Development, Bajaj Housing Finance Limited, HDFC Bank Limited, Shriram Transport Finance Company Limited, ICICI Home Finance Company Limited

Taxation

As it is a ultra short duration 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 Ultra Short Duration Fund Direct Growth

The investment objective of the scheme is to generate reasonable income with low volatility through investment in a portfolio comprising of debt & 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 Ultra Short Duration Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
189 people have invested ₹ 1.3Cr in UTI Ultra Short Duration Fund Direct Growth in the last three months

UTI Ultra Short Duration Fund Direct Growth Overview

Expense ratio0.33%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹3046 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
97.65%
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 (05-Dec-24)

Period
UTI Ultra Short Duration Fund Direct Growth
Ultra Short Duration Index
1M
0.6%
0.5%
3M
1.9%
1.6%
6M
3.9%
3.3%
1Y
7.8%
7%
3Y
6.6%
6%
5Y
6.5%
5.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
78.6%

AA
21.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
63.4%
Corporate
30%
Government
6.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 2.7K Cr
₹ 2.7K Cr
₹ 2.1K Cr
  • AUM of the fund stands at 2.7K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone down from 63.9% to 63.3%
Cash allocation has gone down from 63.9% to 63.3%
Debt allocation has gone up from 35.8% to 36.5%
Debt allocation has gone up from 35.8% to 36.5%

Top 3 Sectors in October were Financial Services, Corporate & Government

Oct'24
Financial Services
97%
Corporate
30%
Government
7%
Sep'24
Financial Services
97%
Corporate
57%
Government
4%
  • Debt & Cash

Holdings
Weight%
1M Change
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.92%
0%
Bajaj Housing Finance Limited
Bajaj Housing Finance Limited
3.29%
0%
HDFC Bank Limited
HDFC Bank Limited
2.46%
0%
Shriram Transport Finance Company Limited
Shriram Transport Finance Company Limited
1.65%
0%
ICICI Home Finance Company Limited
ICICI Home Finance Company Limited
1.65%
0%
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Ritesh Nambiar
Ritesh Nambiar
Fund Manager of UTI Ultra Short Duration Fund Direct Growth, since 1 July 2015
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 3 months, this fund has experienced a 42.4% growth in AUM moving from 2.13K Cr to 3.04K Cr.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.95% return, outperforming this fund by 0.39% per annum.
Insights icon
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 8.02% return, outperforming this fund by 0.18%.
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In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.08% return, outperforming this fund by 0.6% per annum.
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This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.56%.
Insights icon
Over the last 3 months, this fund has decreased expense ratio by 23.3% moving from 0.43 to 0.33.

UTI Ultra Short Duration 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 7.45% since inception which is more than its category average return of 7.17%
AUM size ₹3046 Cr

AUM size ₹3046 Cr

This fund has AUM of ₹3046 Cr which is less than its category average of ₹ 3580 Cr
Expense Ratio 0.33%

Expense Ratio 0.33%

This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.61%

Frequently Asked Questions for UTI Ultra Short Duration Fund Direct Growth

The current NAV of UTI Ultra Short Duration Fund Direct Growth is ₹4354.54 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
UTI Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.6%
0.6%
6 Month Returns
3.85%
3.85%
1 Year Returns
7.84%
7.84%
3 Years Returns
21%
6.56%
5 Years Returns
36.86%
6.48%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.33% as on November 2024
₹3046 Cr as on November 2024
National Bank For Agriculture And Rural Development(4.92%), Bajaj Housing Finance Limited(3.29%), HDFC Bank Limited(2.46%), Shriram Transport Finance Company Limited(1.65%), ICICI Home Finance Company Limited(1.65%) as on November 2024
Cash Equivalent(60.24%), Corporate(38.18%), Government(1.57%) as on November 2024
Yield to Maturity is 7.51 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 0.4 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
78.6
AA
21.4
Ritesh Nambiar is the fund manager of UTI Ultra Short Duration Fund Direct Growth
The Exit load of UTI Ultra Short Duration Fund Direct Growth is 0%