UTI Banking & PSU Debt Fund-Reg(G)

UTI Banking & PSU Debt Fund-Reg(G)
Dividend Yearly
NA
Category
Debt - Short Term Income
52-week NAV high
15.03  (As on 02-04-2019)
52-week NAV low
14.02  (As on 30-04-2019)
Expense
0.31%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.42 0.11 3.32 -0.54 2.57 3.80 5.94 6.43 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Feb 03, 2014
Last Dividend
NA
Minimum Investment
5000

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.

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