August 24, 2023
mayank
UTI Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 19.2842
Yearly NAV IDCW: Rs 12.2973
Quarterly NAV IDCW: Rs 14.3530
Monthly NAV IDCW: Rs 12.6679
Half Yearly NAV IDCW: Rs 12.7965
NAV Flexi IDCW: Rs 16.6178
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs).
Fund Manager:
1) Anurag Mittal
Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 – Oct. 2015), Axis AMC (July 2009 – Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of UTI Banking & PSU Debt Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 30-Jan-14 |
| Return Since Launch | 7.11% |
| Benchmark | CRISIL Banking and PSU Debt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 967 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.23% |
| (As on 31-Jul-2023) | |
| Risk Grade | Low |
| Return Grade | Low |
UTI Banking & PSU Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Banking & PSU Debt Dir | 4.48 | 0.09 | 0.25 | 0.94 | 3.95 | 6.04 | 6.73 | 5.74 | 6.21 | — |
| CCIL T Bill Liquidity Weight | 2.73 | 0.01 | 0.27 | 1.05 | 2.31 | 4.05 | 2.72 | 3.29 | 3.51 | — |
| Debt: Banking and PSU | 4.57 | 0.07 | 0.36 | 1.23 | 3.85 | 6.44 | 5.08 | 7.17 | 7.10 | — |
| Rank within category | 15 | 4 | 22 | 22 | 9 | 20 | 1 | 17 | 15 | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 19 | 17 | 15 | 8 |
UTI Banking & PSU Debt Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| UTI Banking & PSU Debt Dir | 1 star | 6.04 | 6.73 | 5.74 | 0.23 | 967 | 7.11 | — | 9Y 6M |
| Bandhan Banking & PSU Debt Dir | 5 star | 6.62 | 5.04 | 7.74 | 0.32 | 15,017 | 7.80 | — | 10Y 5M |
| Axis Banking & PSU Debt Dir | 4 star | 6.14 | 4.91 | 7.27 | 0.33 | 14,606 | 7.84 | — | 10Y 7M |
| ABSL Banking & PSU Debt Dir | 4 star | 6.64 | 5.35 | 7.49 | 0.36 | 8,400 | 8.51 | — | 10Y 7M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.63 | 5.95 | 7.46 | 0.39 | 8,146 | 8.22 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 32 | 54 |
| Macaulay Duration (yrs) | 3.31 | 2.77 |
| Average Maturity (yrs) | 3.81 | 3.99 |
| Yield to Maturity (%) | 7.46 | 7.45 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Banking & PSU Debt Fund
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