August 25, 2023
mayank
UTI Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 55.9999
NAV IDCW Quarterly: Rs 27.0426
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. 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:
To generate credit risk-free return through investments in sovereign securities issued by the Central and/ or a state Government.
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 Gilt Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.32% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 536 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.67% |
| (As on 31-Jul-2023) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
UTI Gilt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Gilt Dir | 4.74 | 0.05 | 0.19 | 0.96 | 4.16 | 7.19 | 4.74 | 7.40 | 7.23 | 8.39 |
| CCIL All Sovereign Bond – TRI | 5.51 | 0.18 | -0.12 | -0.09 | 4.41 | 8.43 | 4.72 | 8.45 | 7.06 | 8.62 |
| Debt: Gilt | 5.05 | 0.03 | 0.15 | 0.91 | 4.46 | 7.03 | 5.18 | 7.92 | 7.08 | 8.45 |
| Rank within category | 18 | 2 | 10 | 9 | 17 | 9 | 14 | 14 | 10 | 10 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 20 | 20 | 20 | 19 |
UTI Gilt 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 Gilt Dir | 3 star | 7.19 | 4.74 | 7.40 | 0.67 | 536 | 8.32 | — | 10Y 7M |
| SBI Magnum Gilt Dir | 5 star | 8.82 | 6.09 | 8.75 | 0.46 | 7,060 | 9.30 | — | 10Y 7M |
| ICICI Pru Gilt Dir | 5 star | 9.02 | 6.44 | 8.56 | 0.56 | 4,001 | 8.68 | — | 10Y 7M |
| Kotak Gilt Inv PF & Trust Dir | 4 star | 8.27 | 6.07 | 8.59 | 0.40 | 2,388 | 8.28 | — | 10Y 7M |
| Kotak Gilt Inv Dir | 4 star | 8.26 | 6.07 | 8.60 | 0.42 | 2,388 | 8.34 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 9 | 11 |
| Macaulay Duration (yrs) | 4.49 | 4.69 |
| Average Maturity (yrs) | 5.06 | 6.77 |
| Yield to Maturity (%) | 7.02 | 7.25 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For UTI Gilt Fund
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