September 1, 2023
mayank
UTI Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 3,966.2216
Yearly NAV IDCW: Rs 1,247.5558
Quarterly NAV IDCW: Rs 1,646.8212
Monthly NAV IDCW: Rs 1,113.8236
NAV Flexi IDCW: Rs 1,924.3131
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments.
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 | 0 |
Basic Details of UTI Ultra Short Duration Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.42% |
| Benchmark | CRISIL Ultra Short Duration Debt B-I Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 2,494 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.42% |
| (As on 31-Jul-2023) | |
| Risk Grade | Average |
| Return Grade | High |
UTI Ultra Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Ultra ST Dir | 4.89 | 0.02 | 0.57 | 1.77 | 3.82 | 6.95 | 6.04 | 5.74 | 6.27 | 7.28 |
| CCIL T Bill Liquidity Weight | 2.86 | 0.03 | 0.32 | 1.09 | 2.43 | 4.10 | 2.76 | 3.28 | 3.51 | 4.14 |
| Debt: Ultra Short Duration | 4.81 | 0.02 | 0.56 | 1.74 | 3.76 | 6.89 | 5.07 | 5.69 | 6.00 | 7.22 |
| Rank within category | 12 | 11 | 7 | 10 | 12 | 14 | 2 | 10 | 6 | 5 |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 22 | 15 | 11 | 10 |
UTI Ultra Short Duration 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 Ultra ST Dir | 4 star | 6.95 | 6.04 | 5.74 | 0.42 | 2,494 | 7.42 | — | 10Y 8M |
| ICICI Pru Ultra ST Dir | 5 star | 7.13 | 5.54 | 6.76 | 0.39 | 13,815 | 8.08 | — | 10Y 8M |
| HDFC Ultra ST Dir | 4 star | 7.00 | 5.08 | — | 0.36 | 13,734 | 6.28 | — | 4Y 11M |
| Nippon Ind Ultra SD Dir | 5 star | 7.24 | 7.20 | 5.87 | 0.37 | 5,854 | 7.11 | — | 10Y 8M |
| Axis Ultra ST Dir | 4 star | 7.17 | 5.31 | — | 0.31 | 5,214 | 6.38 | — | 4Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 63 | 49 |
| Macaulay Duration (yrs) | 0.43 | 0.40 |
| Average Maturity (yrs) | 0.44 | 0.42 |
| Yield to Maturity (%) | 7.39 | 7.15 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Ultra Short Duration Fund
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