August 24, 2023
RA Jainee
UTI Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 16.5998
Yearly NAV IDCW: Rs 10.7717
NAV IDCW Quarterly: Rs 11.7137
Monthly NAV IDCW: Rs 9.9082
Half Yearly NAV IDCW: Rs 10.5739
NAV Flexi IDCW: Rs 10.5362
Suitable For Which Investors?
“Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors’ money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
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 is to generate reasonable income and capital appreciation by investing minimum of 65% of total assets in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).
Fund Manager:
1) Ritesh Nambiar
Education: Mr. Nambiar is an MMS (Finance), CFA and FRM holder.
Experience: Prior to joining UTI AMC in March 2008, he was a Fixed Income Analyst with CRISIL Research (January 2007 – March 2008) and a Fixed Income Trader with Eurex, LIFFE and CBOE Desk )(May 2005 – October 2006).
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 | For units in excess of 10% of the investment, 1% will be charged for redemption Within 365 days |
Basic Details of UTI Credit Risk Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 4.75% |
| Benchmark | CRISIL Credit Risk Debt C-II Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 424 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.83% |
| (As on 31-Jul-2023) | |
| Risk Grade | Average |
| Return Grade | Above Average |
UTI Credit Risk Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Credit Risk Dir | 4.92 | 0.04 | 0.59 | 1.61 | 3.91 | 7.30 | 11.54 | -0.74 | 1.73 | 4.65 |
| CCIL T Bill Liquidity Weight | 2.73 | 0.01 | 0.27 | 1.05 | 2.31 | 4.05 | 2.72 | 3.29 | 3.51 | 4.14 |
| Debt: Credit Risk | 5.28 | 0.05 | 0.52 | 1.63 | 4.41 | 7.42 | 10.22 | 5.24 | 5.97 | 7.36 |
| Rank within category | 9 | 10 | 4 | 8 | 12 | 8 | 3 | 13 | 12 | 6 |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 | 6 |
UTI Credit Risk 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 Credit Risk Dir | 4 star | 7.30 | 11.54 | -0.74 | 0.83 | 424 | 4.75 | 1.00 (365) | 10Y 7M |
| SBI Credit Risk Dir | 4 star | 8.56 | 7.05 | 7.45 | 0.90 | 2,761 | 8.65 | 3.00 (365) | 10Y 7M |
| Nippon Ind Credit Risk Dir | 4 star | 8.03 | 9.66 | 4.71 | 0.91 | 1,019 | 7.23 | 1.00 (365) | 10Y 7M |
| ABSL Credit Risk Dir | 4 star | 7.63 | 8.41 | 7.21 | 0.68 | 1,017 | 8.22 | 3.00 (365) | 8Y 4M |
| HDFC Credit Risk Debt Dir | 2 star | 6.88 | 7.30 | 7.98 | 0.95 | 8,492 | 8.87 | 1.00 (365) | 9Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 29 | 31 |
| Macaulay Duration (yrs) | 1.89 | 1.80 |
| Average Maturity (yrs) | 2.44 | 3.27 |
| Yield to Maturity (%) | 8.10 | 8.09 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Credit Risk Fund
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