UTI Corporate Bond Fund Direct-Flexi IDCW
(Scheme Rating)
NAV as of Aug 30, 2024
13.730.01%
- Flexi IDCW - Direct
(Earn upto 0.29% Extra Returns with Direct Plan)
Fund Category:
Debt: Corporate Bond
Expense Ratio:
0.29%(0.32% Category
average)Fund Size:
Rs. 3,877.27 Cr(2.51% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
UTI Corporate Bond Fund Direct-Flexi IDCW
(Scheme Rating)
NAV as of Aug 30, 2024
13.730.01%
Expense Ratio:
0.29%
Fund Size:
Rs. 3,877.27 Cr
Fund Category:
Debt: Corporate Bond
1. Current NAV: The Current Net Asset Value of the UTI Corporate Bond Fund - Direct Plan as of Aug 30, 2024 is Rs 13.73 for Flexi IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.92% (1yr), 5.82% (3yr), 6.95% (5yr) and 7.58% (since launch). Whereas, Category returns for the same time duration are: 7.5% (1yr), 5.32% (3yr) and 6.22% (5yr).
3. Fund Size: The UTI Corporate Bond Fund - Direct Plan currently holds Assets under Management worth of Rs 3877.27 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.29% for Direct plan as on Aug 12, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 20000 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
UTI Corporate Bond Fund Direct-Flexi IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.72 2.12 4.04 7.85 5.79 6.94 Category Avg 0.71 2.12 3.95 7.43 5.29 6.23 Rank within Category 18 20 19 11 8 6 No. of funds within Category 22 22 22 22 20 19 - Loading...
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Return Comparison
- This Fund
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- Nifty 50
- 1M
- 3M
- 6M
- 1Y
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UTI Corporate Bond Fund Direct-Flexi IDCW Fund Details
Investment Objective - The scheme seeks to generate optimal returns by investing predominantly in AA+ and above rated corporate bonds.
Fund House | UTI Mutual Fund |
Launch Date | Aug 08, 2018 |
Benchmark | Nifty Corporate Bond Index A-II |
Return Since Launch | 7.58% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
UTI Corporate Bond Fund Direct-Flexi IDCW Investment Details
Minimum Investment (Rs.) | 20,000.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 3.46 | 3.5 | 2.44 | 3.46 |
Average Maturity(Yrs) | 4.55 | 4.66 | 3.22 | 4.55 |
Yield to Maturity(%) | 7.4 | 7.74 | 7.4 | 7.4 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 26.46 | 26.46 |
Low Risk | 67.33 | 67.33 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 6.20 | 6.20 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 24.89 | 24.89 |
CD | 0.05 | 0.05 |
T-Bills | - | - |
CP | - | - |
NCD & Bonds | 67.33 | 67.33 |
PTC | - | - |
Cash & Others | 7.73 | 7.73 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 8,198.24 | 21.14 | - |
LIC Housing Finance Ltd | Long-term Debt | Financial | AAA | 1,754.00 | 4.52 | - |
7.8% National Bank For Agriculture & Rural Development 15/03/2027 | Long-term Debt | Financial | AAA | 1,656.47 | 4.27 | 16,500 |
7.68% Indian Railway Finance Corporation Ltd 24/11/2026 | Long-term Debt | Financial | AAA | 1,454.31 | 3.75 | 14,500 |
7.64% Power Finance Corporation Ltd 22/02/2033 | Long-term Debt | Financial | AAA | 1,262.25 | 3.26 | 12,500 |
GOI | Long-term Debt | Sovereign | SOV | 1,069.96 | 2.76 | - |
7.45% Export-Import Bank Of India 12/04/2028 | Long-term Debt | Financial | AAA | 1,001.81 | 2.58 | 10,000 |
Power Finance Corporation Ltd | Long-term Debt | Financial | AAA | 843.08 | 2.17 | - |
7.69% REC Ltd 31/03/2033 | Long-term Debt | Financial | AAA | 760.28 | 1.96 | 7,500 |
7.57% Indian Railway Finance Corporation Ltd 18/04/2029 | Long-term Debt | Financial | AAA | 754.73 | 1.95 | 7,500 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y UTI Corporate Bond Fund Direct-Flexi IDCW 13.73 3,877.27 0.72 7.85 5.79 6.94
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
1.07VS1.24Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.53VS0.62Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.10VS0.08Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.21VS0.17Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
-0.03VS-0.11Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.65VS5.59Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- A.M.Anurag MittalSince Dec 20214 schemes
Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science. Prior to joining UTI Mutual Fund, he worked with IDFC AMC, HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y UTI Low Duration Fund Direct-Flexi IDCW Low Duration 1,431.63 2,849.09 7.40 UTI Money Market Fund Direct-Flexi IDCW Money Market 1,499.58 15,169.71 7.65 UTI Banking & PSU Fund Direct-Flexi IDCW Banking and PSU 17.93 841.00 7.65 UTI Gilt Fund with 10 year Constant Duration Direct - Flexi IDCW Gilt with 10 year Constant Duration 11.85 Unrated 163.41 8.84
More UTI Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
UTI Liquid Direct-Growth | 26,476.75 | 0.59 | 1.84 | 3.60 | 7.31 | 5.42 | |
UTI Nifty 50 Index Fund Direct-Growth | 15,648.55 | 2.56 | 6.49 | 11.94 | 29.26 | 14.79 | |
UTI Large Cap Fund Direct-Growth | 12,146.68 | 1.75 | 4.90 | 9.98 | 28.56 | 14.15 | |
UTI Mid Cap Fund Direct-Growth | 10,047.07 | -0.22 | 4.60 | 7.87 | 38.95 | 20.11 | |
UTI Value Fund Direct-Growth | 8,556.62 | 1.39 | 7.17 | 14.28 | 36.22 | 17.84 | |
UTI Overnight Fund Direct-Growth | 5,570.38 | 0.52 | 1.66 | 3.38 | 6.79 | 5.10 | |
UTI Nifty200 Momentum 30 Index Fund Direct - Growth | 4,512.99 | 5.89 | 18.17 | 35.29 | 69.69 | - | |
UTI Small Cap Fund Direct - Growth | 3,652.79 | -5.06 | -0.71 | 4.63 | 35.10 | 24.21 | |
UTI ELSS Tax Saver Fund Direct-Growth | 3,437.26 | 0.38 | 3.01 | 8.49 | 30.46 | 14.31 | |
UTI ELSS Tax Saver Fund Direct-Growth | 3,437.26 | 0.38 | 3.01 | 8.49 | 30.46 | 14.31 |
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1. UTI Corporate Bond Fund - Direct Plan is Open-ended Corporate Bond Debt scheme which belongs to UTI Mutual Fund House.
2. The fund was launched on Aug 08, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate optimal returns by investing predominantly in AA+ and above rated corporate bonds. "
2. It is benchmarked against Nifty Corporate Bond Index A-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of UTI Corporate Bond Fund - Direct Plan is 4.55 years and Duration is 3.46 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on UTI Corporate Bond Fund Direct-Flexi IDCW
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
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FAQs about UTI Corporate Bond Fund Direct-Flexi IDCW
- Is it safe to invest in UTI Corporate Bond Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the UTI Corporate Bond Fund - Direct Plan comes under Moderate risk category.
- What is the category of UTI Corporate Bond Fund - Direct Plan?UTI Corporate Bond Fund - Direct Plan belongs to the Debt : Corporate Bond category of funds.
- How Long should I Invest in UTI Corporate Bond Fund - Direct Plan?The suggested investment horizon of investing into UTI Corporate Bond Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the UTI Corporate Bond Fund - Direct Plan?The UTI Corporate Bond Fund - Direct Plan is managed by Anurag Mittal (Since Dec 01, 2021).
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