August 24, 2023
RA Jainee
UTI Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 14.4091
Yearly NAV IDCW: Rs 12.4676
NAV IDCW Quarterly: Rs 12.6022
Half Yearly NAV IDCW: Rs 12.3122
NAV Flexi IDCW: Rs 12.6999
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 optimal returns by investing predominantly in AA+ and above rated corporate bonds.
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) | 500.00 |
| Min. Addl Investment (Rs) | 500.00 |
| Min. SIP Investment (Rs) | 500.00 |
| Min. Withdrawal (Rs) | 500.00 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of UTI Corporate Bond Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 08-Aug-18 |
| Return Since Launch | 7.51% |
| Benchmark | CRISIL Corporate Bond B-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 3,208 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.27% |
| (As on 31-Jul-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
UTI Corporate Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Corp Bond Dir | 4.65 | 0.09 | 0.38 | 1.37 | 3.88 | 6.51 | 5.20 | 7.54 | — | — |
| VR Bond | 4.52 | 0.08 | 0.25 | 0.69 | 3.57 | 6.95 | 4.16 | 5.97 | — | — |
| Debt: Corporate Bond | 4.64 | 0.07 | 0.37 | 1.29 | 3.89 | 6.55 | 5.10 | 7.09 | — | — |
| Rank within category | 11 | 3 | 11 | 9 | 14 | 10 | 9 | 5 | — | — |
| Number of funds in category | 21 | 22 | 22 | 22 | 22 | 21 | 19 | 16 | 13 | 10 |
UTI Corporate Bond 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 Corp Bond Dir | 3 star | 6.51 | 5.20 | 7.54 | 0.27 | 3,208 | 7.51 | — | 5Y |
| ICICI Pru Corp Bond Dir | 5 star | 7.81 | 5.87 | 7.63 | 0.32 | 22,656 | 8.22 | — | 10Y 7M |
| ABSL Corp Bond Dir | 4 star | 7.05 | 5.62 | 7.68 | 0.31 | 17,961 | 8.22 | — | 10Y 7M |
| Axis Corp Debt Dir | 5 star | 6.96 | 5.73 | 7.26 | 0.23 | 4,898 | 7.36 | — | 6Y 1M |
| Nippon Ind Corp Bond Dir | 5 star | 7.30 | 6.16 | 7.15 | 0.34 | 2,459 | 7.93 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 71 | 68 |
| Macaulay Duration (yrs) | 2.18 | 2.72 |
| Average Maturity (yrs) | 2.78 | 3.52 |
| Yield to Maturity (%) | 7.38 | 7.50 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Corporate Bond Fund
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