Rating: ★ ★ ☆ ☆ ☆

UTI Banking & PSU Debt Fund Direct Quarterly Dividend Reinvestment

Debt

  

Banking and PSU Fund

NAV

12.315 -0.0012

as on (05 Jun, 2020)

RETURNS

3.87 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.25 %

Benchmark

CRISIL Banking and PSU Debt TR INR

Asset Size

133.93 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

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Fund manager

Sudhir Agarwal

(since 03 Feb, 2014)

Exit load

N / A

Minimum sip

₹ 500

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

ONGC Mangalore Petrochemicals Limited

9.43 %

Small Industries Development Bank Of India

8.45 %

Power Grid Corporation Of India Limited

7.21 %

Indian Railway Finance Corporation Limited

6.27 %

Sector Allocation

About the Scheme Type

Banking and PSU Fund

Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks

Ratings

This fund is rated 2 stars by Morning Star Ratings.

★ ★ ☆ ☆ ☆

Overview of UTI Asset Management Company Ltd

UTI Mutual Fund, India’s most trusted Wealth creators, always has the interest of its investors in its heart. UTI Mutual Fund has completed 50 years as India’s leading Financial service institution and was a sole vehicle of capital market investment for Indian Citizens till the early 90’s. The institution has shown great resilience and has grown from strength to strength overcoming economic turbulence and global turnarounds.

With assets under management across different businesses including domestic mutual fund, Portfolio Management Services, International business, Retirement Solutions, Venture Funds and Alternative Investment assets, UTI Mutual Fund has contributed immensely to industrial and capital growth in the Indian market. It has led transformative initiatives like developmental financial institutions, rural outreach programs and financial products and services.

UTI Mutual Fund is today a household name in India and has a wide portfolio to suit the varied needs of investors supported by industry-led best practices, long-term vision, and shareholder values. With 150 branches, 47,000 highly trained IFAs, 320 Chief Agents and Business Development Associates and over 1 crore investor accounts, UTI Mutual Fund is one of the leading financial institutions with a pan Indian presence. We, at UTI Mutual Fund, are committed to continuing our legacy of delivering best in class services with a focus on social responsibility and nation-building.