August 26, 2023
mayank
UTI Medium Term Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 16.9133
Yearly NAV IDCW: Rs 12.9594
Quarterly NAV IDCW: Rs 12.6559
NAV IDCW Monthly: Rs 10.4626
Half Yearly NAV IDCW: Rs 12.6686
NAV Flexi IDCW: Rs 13.1517
Suitable For Which Investors?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable income by investing in debt & money market securities such that the Macaulay duration of the portfolio is between 3 to 4 years.
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 Medium Term Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 30-Mar-15 |
| Return Since Launch | 6.45% |
| Benchmark | CRISIL Medium Duration Debt B-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 45 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.96% |
| (As on 31-Jul-2023) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
UTI Medium Term Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Medium Term Dir | 4.80 | 0.01 | 0.39 | 1.20 | 4.14 | 6.66 | 6.10 | 4.90 | 5.69 | — |
| VR Bond | 4.61 | 0.09 | 0.21 | 0.78 | 3.66 | 6.99 | 4.30 | 5.99 | 5.68 | — |
| Debt: Medium Duration | 4.86 | 0.00 | 0.33 | 1.17 | 4.21 | 6.81 | 6.65 | 6.13 | 6.85 | — |
| Rank within category | 9 | 5 | 4 | 9 | 10 | 10 | 9 | 11 | 10 | — |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 | 14 | 13 | 12 | 7 |
UTI Medium Term 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 Medium Term Dir | 2 star | 6.66 | 6.10 | 4.90 | 0.96 | 45 | 6.45 | 1.00 (365) | 8Y 4M |
| ICICI Pru Medium Term Bond Dir | 4 star | 7.29 | 7.02 | 7.85 | 0.74 | 6,531 | 8.50 | 1.00 (365) | 10Y 7M |
| Axis Strategic Bond Dir | 4 star | 7.38 | 6.76 | 7.58 | 0.34 | 1,959 | 8.59 | 1.00 (365) | 10Y 7M |
| ABSL Medium Term Dir | 5 star | 7.78 | 14.32 | 8.75 | 0.83 | 1,891 | 9.50 | 2.00 (365) | 10Y 7M |
| HSBC Medium Duration Dir | 4 star | 7.52 | 6.78 | 7.11 | 0.40 | 690 | 7.79 | — | 8Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 21 | 33 |
| Macaulay Duration (yrs) | 3.05 | 3.32 |
| Average Maturity (yrs) | 3.93 | 4.86 |
| Yield to Maturity (%) | 7.68 | 7.75 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Medium Term Fund
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