August 30, 2023
mayank
UTI Short Term Income Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 29.0483
Yearly NAV IDCW: Rs 12.2876
Quarterly NAV IDCW: Rs 16.4248
Monthly NAV IDCW: Rs 10.5106
Half Yearly NAV IDCW: Rs 11.8874
NAV Flexi IDCW: Rs 16.0445
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate 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 debt & money market instruments.
Fund Manager:
1) Sudhir Agrawal
Education: Mr.Sudhir Agrawal is a M.Com, PGDBA (Finance) and a CFA.
Experience: Prior to joining UTI he has worked with TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.
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 Short Term Income Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.32% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 2,383 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.34% |
| (As on 31-Jul-2023) | |
| Risk Grade | Low |
| Return Grade | Above Average |
UTI Short Term Income Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI ST Incm Dir | 5.03 | 0.02 | 0.52 | 1.52 | 4.18 | 7.11 | 7.25 | 5.57 | 6.03 | 7.42 |
| CCIL T Bill Liquidity Weight | 2.82 | 0.04 | 0.27 | 1.07 | 2.39 | 4.09 | 2.75 | 3.29 | 3.51 | 4.16 |
| Debt: Short Duration | 4.85 | 0.02 | 0.53 | 1.40 | 4.06 | 7.04 | 5.79 | 6.68 | 6.75 | 7.92 |
| Rank within category | 7 | 6 | 15 | 5 | 10 | 6 | 3 | 19 | 17 | 16 |
| Number of funds in category | 25 | 26 | 26 | 26 | 26 | 24 | 22 | 21 | 19 | 18 |
UTI Short Term Income 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 ST Incm Dir | 5 star | 7.11 | 7.25 | 5.57 | 0.34 | 2,383 | 7.32 | — | 10Y 7M |
| ICICI Pru ST Dir | 4 star | 7.92 | 6.45 | 8.06 | 0.40 | 18,245 | 8.56 | — | 10Y 7M |
| Axis Short Term Dir | 4 star | 6.95 | 5.61 | 7.56 | 0.34 | 7,490 | 8.16 | — | 10Y 7M |
| Nippon Ind ST Dir | 4 star | 6.95 | 5.96 | 7.50 | 0.36 | 6,164 | 8.10 | — | 10Y 7M |
| ABSL Short Term Dir | 4 star | 7.14 | 6.38 | 7.80 | 0.38 | 6,040 | 8.67 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 26 | 41 |
| Macaulay Duration (yrs) | 2.38 | 2.39 |
| Average Maturity (yrs) | 2.12 | 2.99 |
| Yield to Maturity (%) | 7.23 | 7.47 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Short Term Income Fund
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