February 18, 2023
mayank
Guidance for UTI Fixed Term Income Fund – Series XXXVI – I (1574 Days) NFO
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
UTI Fixed Term Income Fund – Series XXXVI – I (1574 Days) NFO
NFO opens on February 21, 2023
NFO will close on February 27, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme aims to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
Basic Details
| Fund House | UTI Mutual Fund |
| Issue Open | 21 February 2023 |
| Issue Close | 27 February 2023 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 1574 |
| Riskometer | Moderate |
| Benchmark | CRISIL Medium to Long Term Debt |
About Benchmark Index
CRISIL Medium To Long Term Debt Index seeks to track the performance of a medium to long term debt portfolio comprising of government securities and AAA and AA rated corporate bonds
Features
● Total Return Index seeking to capture coupon and price returns of the underlying portfolio
● Base date for the Index : October 01, 2004
● Index portfolio marked-to-market on a daily basis using CRISIL Gilt and Bond valuations
● Index is fully invested at all points of time with no cash component
● Derived index from the following sub-indices
− CRISIL Medium Term Gilt Index
− CRISIL AAA Long Term Bond Index
− CRISIL AA Long Term Bond Index
− CRISIL AAA Medium Term Bond Index
− CRISIL AA Medium Term Bond Index
Key Characteristics
● Rich history: CRISIL Medium To Long Term Debt Index has an inception date of October 01, 2004. Thus the index has been in existence over a decade, seen multiple interest rate cycles, and has stood the test of time
● Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid government and corporate securities by using appropriate market representation
● Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to the market levels
Methodology
● Weights to government securities will be fixed at 40%
● Weights to sub-indices within corporate bonds will be rebalanced annually based on previous year issuances
● Index valued on a daily basis using CRISIL Gilt and Bond Valuation services
CRISIL Medium to Long Term Debt Index: Asset Allocation – April 2017
| Sub Index | Weights (%) |
| CRISIL Medium Term Gilt Index | 40 |
| CRISIL AAA Long Term Bond Index | 21 |
| CRISIL AA Long Term Bond Index | 04 |
| CRISIL AAA Medium Term Bond Index | 26 |
| CRISIL AA Medium Term Bond Index | 09 |
CRISIL Medium to Long Term Debt Index: Index Details – March 1, 2018
| Parameters | Values |
| Average Maturity (years) | 7.052 |
| Modified Duration (years) | 5.018 |
| Macaulay Duration (years) | 5.417 |
Fund Manager
1) Sunil Patil
Education: Mr. Sunil Patil is an M.Com, MFM and CA LLB-I.
Experience: He joined UTI AMC in October 1989. He has overall 31 years of experience in Primary Market Investment / Dealing and Fund Management.
Past Performance of his Schemes
| Fund | UTI Equity Savings Fund – Regular Plan | It’s Benchmark | UTI Multi Asset Fund – Regular Plan | It’s Benchmark |
| 1 Year | 6.04 | 4.39 | 4.76 | 4.85 |
| 3 Year | 10.41 | 8.27 | 8.87 | 13.91 |
| 5 Year | — | — | 6.40 | 11.77 |
| 7 Year | — | — | 8.92 | 14.02 |
| 10 Year | — | — | 7.25 | 12.08 |
AMC:
UTI Asset Management Company Ltd
Address: 1st Floor, Signature, Office No.103 Valsad Dharampur Road Mumbai – 396001
Website: http://www.utimf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com