UTI Mutual Fund manages around 1 crore investor accounts in India and UTI Asset Management Company Ltd. (UTI AMC) is its fund manager. With more than 50 years of experience in the financial services domain, UTI AMC was the only vehicle of investment in the capital markets for Indians till the early ‘90s. The fund house offers 40 schemes in various asset classes of equity, hybrid, debt, etc.
The UTI Banking & PSU Debt Fund - Growth is an open-ended debt scheme that invests in securities issued by banks and Public Sector Undertakings (PSUs). The growth option of the scheme offers an opportunity for the investor to grow their capital by the end of the investment period.
Investment Objective
To produce consistent, reasonable income for the investor while also offering a high level of liquidity through investments in a portfolio of money market and debt securities issued by banks and PSUs.
Key Features of the Scheme
The UTI Banking & PSU Debt Fund is ideal for investors who wish to receive reasonable income over a short or medium term and exhibits the below features:
|
Type of fund |
An open-ended income scheme |
|
Plans available |
Growth and Dividend |
|
Options under each plan |
The dividend option has payout and reinvestment option |
|
Risk |
Moderate |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Not Available |
|
Systematic Withdrawal Plan |
Available |
Investment amount for UTI Banking & PSU Debt Fund
|
Minimum Application Amount |
Rs.5,000 per application and in multiples of Re.1 thereafter |
|
Minimum Additional Investment |
Rs.1,000 per application and in multiples of Re.1 thereafter |
|
Minimum installment for Systematic Investment Plan (SIP) |
Rs.1,000 |
|
Minimum installment for Systematic Withdrawal Plan (SWP) |
|
|
Entry Load |
Nil |
|
Exit Load |
Nil |
Asset Allocation for UTI Banking & PSU Debt Fund
|
Instruments |
Indicative Allocation Percentage of total assets |
Risk Profile |
|
|
Minimum |
Maximum |
||
|
Debt and money market securities issued by Public Financial Institutions (PFIs), banks, municipal bonds, and Public Sector Undertakings (PSUs) |
80% |
100% |
Low to Medium |
|
Debt and money market securities including Repo and CBLO issued by entities other than the ones mentioned above |
0% |
20% |
Low to Medium |
NAV Disclosure and Benchmark for UTI Banking & PSU Debt Fund
The NAV of UTI Banking & PSU Debt Fund is obtained by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV will be rounded off to 4 decimal places and disclosed at the end of every working day. The NAV will be updated on the website of AMFI (www.amfiindia.com) and UTI Mutual Fund (www.utimf.com) by 9:00 p.m. every business day.
The NAV will also be sent to at least 2 newspapers for publication on every business day. The newspapers publishing the NAV will have a nationwide circulation. The scheme’s monthly portfolio will also be available on the official website of UTI Mutual Fund on or before the 10th day of the succeeding month.
Benchmark: CRISIL Banking & PSU Debt Index
Fund Manager
Mr. Sudhir Agarwal
The UTI Banking & PSU Debt Fund is managed by Mr. Sudhir Agarwal and he has been managing the scheme since August 2014. Prior to joining UTI Mutual Fund, Mr. Agarwal had worked with Credit Analysis and Research Ltd. (CARE), Tata Asset Management Company Ltd., and Transparent Value LLC. Apart from the UTI Banking & PSU Debt Fund, he also manages the UTI Ultra Short Term Fund, UTI Treasury Advantage Fund, and UTI Short Term Income Fund.
Why you should invest in UTI Banking & PSU Debt Fund
- Liquidity - Investors can redeem and purchase units of the UTI Banking & PSU Debt Fund at applicable NAVs on any business day hence, offering liquidity.
- Professional management - The fund manager of the scheme, Mr. Sudhir Agarwal has many years of experience in handling investments. Therefore, you can be sure that your investments will be managed efficiently to achieve optimal returns.
- Multiple investment options - The UTI Banking & PSU Debt Fund comes in regular and direct plans wherein the direct plan will have a lower expense ratio than the regular plan. Also, investors can choose between growth and dividend option. The growth option will allow investors to enjoy capital gains at the end of the investment period while the dividend option will offer them a regular income.
- Additional benefits - The UTI Banking & PSU Debt Fund comes with additional benefits like SIP, SWP, Systematic Transfer Investment Plan (STRIP), switching, etc. All these added benefits make the scheme an attractive investment option.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
GST rate of 18% applicable for all financial services effective July 1, 2017.
