August 25, 2023
mayank
UTI Gilt Fund with 10 year Constant Duration details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.8476
Yearly NAV IDCW: Rs 10.6666
Quarterly NAV IDCW: Rs 10.8477
NAV Flexi IDCW: Rs 10.8479
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate optimal returns with high liquidity by investing in a portfolio of government securities such that weighted average portfolio maturity is around 10 years.
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).
2) Jaydeep Bhowal
Education: He has done B.Com, CA from ICAI and PGDFM from Welingkar Institute of Management, Mumbai
Experience: He began his career with UTI in November 2009. He has more than 10 years of experience and had been involved in various roles at UTI. Presently he is working as Dealer in Department of Fund Management – Fixed Income. Prior to joining the AMC he was associated with SJ & A.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of UTI Gilt Fund with 10 year Constant Duration
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Aug-22 |
| Return Since Launch | 7.95% |
| Benchmark | CRISIL 10-Year Gilt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 163 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.21% |
| (As on 31-Jul-2023) | |
| Risk Grade | — |
| Return Grade | — |
UTI Gilt Fund with 10 year Constant Duration Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Gilt Fund with 10Y Const Duration Dir | 5.38 | 0.02 | -0.17 | 0.41 | 4.81 | 7.64 | — | — | — | — |
| CCIL All Sovereign Bond – TRI | 5.51 | 0.18 | -0.12 | -0.09 | 4.41 | 8.43 | — | — | — | — |
| Debt: Gilt with 10 year Constant Duration | 5.34 | 0.03 | -0.21 | 0.38 | 4.83 | 7.45 | — | — | — | — |
| Rank within category | 3 | 5 | 1 | 1 | 4 | 1 | — | — | — | — |
| Number of funds in category | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 2 |
UTI Gilt Fund with 10 year Constant Duration 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 Gilt Fund with 10Y Const Duration Dir | Unrated | 7.64 | — | — | 0.21 | 163 | 7.95 | — | 1Y |
| ICICI Pru Constant Mtrty Gilt Dir | Unrated | 7.48 | 4.78 | 8.61 | 0.23 | 2,196 | 8.87 | — | 8Y 11M |
| SBI Magnum Constant Mtrty Dir | Unrated | 7.45 | 4.69 | 7.98 | 0.30 | 1,507 | 8.88 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 3 |
| Macaulay Duration (yrs) | 6.73 | 6.76 |
| Average Maturity (yrs) | 9.43 | 9.46 |
| Yield to Maturity (%) | 7.24 | 7.29 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For UTI Gilt Fund with 10 year Constant Duration
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