August 25, 2023
mayank
UTI Floater Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,364.8387
Yearly NAV IDCW: Rs 1,249.3997
NAV IDCW Quarterly: Rs 1,249.1439
Half Yearly NAV IDCW: Rs 1,244.0809
NAV Flexi IDCW: Rs 1,285.7803
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.
If you do decide to invest in them, remember that 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 reasonable returns and reduce interest rate risk by investing in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments.
Fund Manager:
1) Sudhir Agrawal
Education: Mr.Sudhir Agrawal is a M.Com, PGDBA (Finance) and a CFA.
Experience Prior to joining UTI he has worked with TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.
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 Floater Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 30-Oct-18 |
| Return Since Launch | 6.67% |
| Benchmark | CRISIL Low Duration Debt |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,719 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.35% |
| (As on 31-Jul-2023) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
UTI Floater Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Floater Dir | 4.85 | 0.03 | 0.50 | 1.71 | 3.87 | 6.95 | 5.15 | — | — | — |
| CCIL T Bill Liquidity Weight | 2.74 | 0.01 | 0.28 | 1.04 | 2.26 | 4.05 | 2.73 | — | — | — |
| Debt: Floater | 5.17 | 0.03 | 0.67 | 1.97 | 4.23 | 7.37 | 5.74 | — | — | — |
| Rank within category | 10 | 9 | 11 | 11 | 12 | 10 | 7 | — | — | — |
| Number of funds in category | 12 | 13 | 13 | 13 | 12 | 12 | 7 | 5 | 5 | 5 |
UTI Floater 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 Floater Dir | 3 star | 6.95 | 5.15 | — | 0.35 | 1,719 | 6.67 | — | 4Y 9M |
| HDFC Floating Rate Debt Dir | 4 star | 7.80 | 5.97 | 7.08 | 0.26 | 17,080 | 7.84 | — | 10Y 7M |
| ABSL Floating Rate Dir | 5 star | 7.40 | 5.53 | 6.95 | 0.23 | 12,690 | 7.98 | — | 10Y 7M |
| ICICI Pru Floating Interest Dir | 2 star | 8.86 | 6.43 | 7.51 | 0.62 | 13,699 | 8.29 | — | 10Y 7M |
| Nippon Ind Floating Rate Dir | 3 star | 7.10 | 5.65 | 7.41 | 0.30 | 7,253 | 7.93 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 22 | 47 |
| Macaulay Duration (yrs) | 0.80 | 1.24 |
| Average Maturity (yrs) | 1.00 | 3.25 |
| Yield to Maturity (%) | 7.13 | 7.61 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Floater Fund
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