August 24, 2023
mayank
UTI Medium to Long Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 68.9812
NAV IDCW Yearly: Rs 12.2083
Quarterly NAV IDCW: Rs 21.7694
Half Yearly NAV IDCW: Rs 12.9161
NAV Flexi IDCW: Rs 13.4205
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven 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 may experience some degree of volatility in response to changes in interest rates.
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 optimal returns with adequate liquidity by investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years.
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.
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 Medium to Long Duration Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.82% |
| Benchmark | CRISIL Medium to Long Duration Debt A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 321 Cr |
| (As on 31-Jul-2023) | |
| Expense | 1.29% |
| (As on 31-Jul-2023) | |
| Risk Grade | Below Average |
| Return Grade | High |
Trailing Returns (%) of UTI Medium to Long Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Bond Dir | 4.88 | 0.14 | 0.08 | 0.57 | 4.13 | 6.94 | 9.21 | 4.66 | 5.17 | 6.88 |
| VR Bond | 4.52 | 0.08 | 0.25 | 0.69 | 3.57 | 6.95 | 4.16 | 5.97 | 5.68 | 6.74 |
| Debt: Medium to Long Duration | 4.99 | 0.13 | 0.17 | 0.86 | 4.30 | 7.09 | 5.20 | 6.93 | 6.45 | 7.64 |
| Rank within category | 8 | 5 | 9 | 11 | 9 | 8 | 1 | 12 | 12 | 12 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Peer Comparison of UTI Medium to Long Duration Fund
| 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 Bond Dir | 5 star | 6.94 | 9.21 | 4.66 | 1.29 | 321 | 6.82 | — | 10Y 7M |
| ICICI Pru Bond Dir | 4 star | 7.68 | 5.40 | 7.80 | 0.60 | 2,913 | 8.08 | — | 10Y 7M |
| SBI Magnum Income Dir | 4 star | 7.97 | 5.93 | 8.19 | 0.80 | 1,626 | 8.15 | 1.00 (365) | 10Y 7M |
| ABSL Income Dir | 3 star | 6.68 | 5.43 | 8.07 | 0.49 | 1,836 | 7.91 | — | 10Y 7M |
| Kotak Bond Dir | 3 star | 7.44 | 5.51 | 8.00 | 0.64 | 1,759 | 7.70 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 15 | 19 |
| Macaulay Duration (yrs) | 4.48 | 5.04 |
| Average Maturity (yrs) | 5.78 | 7.39 |
| Yield to Maturity (%) | 7.31 | 7.40 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Medium to Long Duration Fund
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