January 16, 2024
mayank
UTI Nifty 10 yr Benchmark G-Sec ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the UTI Nifty 10 yr Benchmark G-Sec ETF Open Date, Close Date?
NFO opens on January 19, 2024
NFO will close on January 23, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that, before expenses, corresponds to the total returns of the securities as represented by the underlying index, subject to tracking error.
Basic Details
| Fund House | UTI Mutual Fund |
| Issue Open | 19 January 2024 |
| Issue Close | 23 January 2024 |
| Type | Open-ended |
| Category | Debt: Gilt with 10 year Constant Duration |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | NIFTY 10 yr Benchmark G-Sec Index |
What is the Benchmark Index?
The Nifty 10 yr Benchmark G-Sec is constructed using the price of 10 year bond issued by the Central Government of India. The index seeks to track the performance of the 10 year benchmark security.
Constituent: 7.18% GS 2033( IN0020230085 )
Methodology:
i. Index represents Government of India Bond.
ii. The newly issued (on-the-run) 10 year G-sec will be identified as a benchmark G-sec when:
1. The amount outstanding of the newly issued (on-the-run) 10 year G-sec equals or exceeds Rs.15,000 crores, OR
2. The rolling 3 working-days simple average traded volume of the newly issued (onthe-run) 10 year G-sec exceeds that of the current 10 year benchmark G-sec.
iii. The bond valuation is sourced from the NSE Data and Analytics Limited (FIMMDA valuations prior to 01st August 2018).
iv. Accrued interest is calculated using 30/360 day count convention index is reviewed on monthly basis.
Features:
| Methodology: | Total Returns |
| Selection: | The newly issued (on-the-run) 10 year Gsec will be identified as a benchmark G-sec |
| No. of Constituents: | 1 |
| Base Value: | 1000 |
| Base Date: | January 03, 2011 |
| First Value Date: | April 03, 1998 |
| Calculation Frequency: | Real-Time |
Past Performance of Benchmark Index
| 1 Year | 5 Years | Since Inception | |
| Returns % | 8.08 | 5.53 | 6.38 |
Performance Review of the Fund Manager?
1) Jaydeep Bhowal
Education: He has done B.Com, CA from ICAI and PGDFM from Welingkar Institute of Management, Mumbai
Experience: He began his career with UTI Mutual Fund in November 2009. He has more than 10 years of experience and had been involved in various roles at UTI. Presently he is working as Dealer in Department of Fund Management – Fixed Income. Prior to joining the AMC he was associated with SJ & A.
Past Performance of his Schemes
| Fund | UTI Conservative Hybrid Fund | It’s Benchmark |
| 1 Year | 11.58 | 13.72 |
| 3 Year | 9.13 | 8.89 |
| 5 Year | 8.12 | 9.68 |
| 7 Year | 7.90 | 9.24 |
| 10 Year | 9.28 | 9.54 |
Which Company Owns UTI Nifty 10 yr Benchmark G-Sec ETF?
UTI Asset Management Company Ltd
Address: UTI Tower, Plot C-1, GN Block, Banrda Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.utimf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in UTI Nifty 10 yr Benchmark G-Sec ETF NFO?
Guidance for UTI Nifty 10 yr Benchmark G-Sec ETF by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks