September 1, 2023
mayank
UTI Low Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 3,141.0807
Yearly NAV IDCW: Rs 1,162.7226
Quarterly NAV IDCW: Rs 1,684.1524
Monthly NAV IDCW: Rs 1,226.3667
NAV Flexi IDCW: Rs 1,333.0313
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Retail investors can avoid these funds altogether.
Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable income for its investors consistent with high liquidity by investing in a portfolio of debt & money market instruments.
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 |
| 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 Low Duration Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.84% |
| Benchmark | CRISIL Low Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 3,490 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.34% |
| (As on 31-Jul-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
UTI Low Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Treasury Advtg Dir | 4.92 | 0.02 | 0.54 | 1.70 | 3.89 | 6.84 | 6.78 | 4.81 | 5.55 | 6.70 |
| CCIL T Bill Liquidity Weight | 2.86 | 0.03 | 0.32 | 1.09 | 2.43 | 4.10 | 2.76 | 3.28 | 3.51 | 4.14 |
| Debt: Low Duration | 5.01 | 0.02 | 0.57 | 1.78 | 3.97 | 7.02 | 5.39 | 6.00 | 6.37 | 7.24 |
| Rank within category | 14 | 6 | 21 | 17 | 16 | 15 | 2 | 20 | 19 | 17 |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 18 |
UTI Low Duration 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 Treasury Advtg Dir | 4 star | 6.84 | 6.78 | 4.81 | 0.34 | 3,490 | 6.84 | — | 10Y 8M |
| HDFC Low Duration Dir | 4 star | 7.37 | 5.69 | 6.88 | 0.45 | 15,908 | 7.69 | — | 10Y 8M |
| ABSL Low Duration Dir | 4 star | 7.26 | 5.63 | 7.06 | 0.38 | 12,577 | 8.01 | — | 10Y 8M |
| Nippon Ind Low Duration Dir | 4 star | 7.04 | 5.66 | 6.57 | 0.38 | 7,445 | 7.65 | — | 10Y 8M |
| Axis Treasury Advtg Dir | 4 star | 7.08 | 5.25 | 6.68 | 0.29 | 5,865 | 7.69 | — | 10Y 8M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 60 | 65 |
| Macaulay Duration (yrs) | 0.90 | 0.84 |
| Average Maturity (yrs) | 0.91 | 1.14 |
| Yield to Maturity (%) | 7.35 | 7.38 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Low Duration Fund
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