August 28, 2023
mayank
UTI Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 3,150.2921
Daily NAV IDCW: Rs 1,371.6621
NAV IDCW: Rs 1,653.3138
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable income, with low risk and high level of liquidity from a portfolio of overnight securities having a maturity of one day.
Fund Manager:
1) Amit Sharma
Education: Mr. Sharma is a B.Com, CA, FRM
Experience: He has been associated with the Dept. of Fund Management of UTI for the past 5 years.
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 Overnight Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.21% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 5,931 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.07% |
| (As on 31-Jul-2023) | |
| Risk Grade | — |
| Return Grade | Average |
UTI Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Overnight Dir | 4.22 | 0.02 | 0.55 | 1.62 | 3.24 | 6.34 | 4.40 | 4.71 | 5.14 | 6.19 |
| CCIL T Bill Liquidity Weight | 2.80 | 0.07 | 0.32 | 1.09 | 2.33 | 4.10 | 2.76 | 3.29 | 3.52 | 4.15 |
| Debt: Overnight | 4.22 | 0.02 | 0.54 | 1.62 | 3.24 | 6.33 | 4.39 | 4.68 | 5.05 | 5.92 |
| Rank within category | 18 | 31 | 17 | 14 | 17 | 17 | 15 | 1 | — | — |
| Number of funds in category | 32 | 34 | 34 | 32 | 32 | 29 | 27 | 3 | 2 | 2 |
UTI Overnight 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 Overnight Dir | 3 star | 6.34 | 4.40 | 4.71 | 0.07 | 5,931 | 6.21 | — | 10Y 7M |
| ABSL Overnight Dir | 4 star | 6.37 | 4.42 | — | 0.07 | 10,111 | 4.64 | — | 4Y 9M |
| Kotak Overnight Dir | 4 star | 6.37 | 4.41 | — | 0.08 | 10,004 | 4.54 | — | 4Y 7M |
| Axis Overnight Dir | 5 star | 6.39 | 4.43 | — | 0.05 | 8,018 | 4.51 | — | 4Y 5M |
| Nippon Ind Overnight Dir | 4 star | 6.38 | 4.42 | — | 0.08 | 7,415 | 4.61 | — | 4Y 8M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 6 | 3 |
| Macaulay Duration (yrs) | 0.01 | — |
| Average Maturity (yrs) | 0.01 | — |
| Yield to Maturity (%) | 6.38 | 6.43 |
| Avg Credit Rating | — |
Chanakya’s Mutual Fund Guidance For UTI Overnight Fund
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