UTI Gilt Fund with 10 year Constant Duration Regul...
NAV as of Aug 30, 2024
11.730.01%
- Growth - Regular
(Earn upto 0.46% Extra Returns with Direct Plan)
Fund Category:
Debt: Gilt with 10 year Constant Duration
Expense Ratio:
0.70%(0.36% Category
average)Fund Size:
Rs. 163.41 Cr(2.03% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
UTI Gilt Fund with 10 year Constant Duration Regular - G...
NAV as of Aug 30, 2024
11.730.01%
Expense Ratio:
0.70%
Fund Size:
Rs. 163.41 Cr
Fund Category:
Debt: Gilt with 10 year Constant Duration
1. Current NAV: The Current Net Asset Value of the UTI Gilt Fund with 10 year Constant Duration - Regular Plan as of Aug 30, 2024 is Rs 11.73 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 8.45% (1yr) and 7.96% (since launch). Whereas, Category returns for the same time duration are: 8.73% (1yr), 5.2% (3yr) and 5.92% (5yr).
3. Fund Size: The UTI Gilt Fund with 10 year Constant Duration - Regular Plan currently holds Assets under Management worth of Rs 163.41 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.7% for Regular plan as on Aug 09, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
UTI Gilt Fund with 10 year Constant Duration Regular - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.95 2.51 4.48 8.32 - - Category Avg 0.95 2.57 4.66 8.60 5.12 5.91 Rank within Category 4 6 8 7 - - No. of funds within Category 8 8 8 7 5 5 - Loading...
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Return Comparison
- This Fund
- BenchmarkSBI Nifty 10 yr Benchmark G-Sec ETF-G
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UTI Gilt Fund with 10 year Constant Duration Regular - Growth Fund Details
Investment Objective - The scheme seeks to generate optimal returns with high liquidity by investing in a portfolio of government securities such that weighted average portfolio maturity is around 10 years.
Fund House | UTI Mutual Fund |
Launch Date | Aug 01, 2022 |
Benchmark | CRISIL 10-Year Gilt |
Return Since Launch | 7.95% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
UTI Gilt Fund with 10 year Constant Duration Regular - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 6.79 | 7.25 | 6.49 | 6.725 |
Average Maturity(Yrs) | 9.82 | 11.25 | 9.09 | 9.6683 |
Yield to Maturity(%) | 7.07 | 7.53 | 6.92 | 7.0417 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 97.29 | 97.53 |
Low Risk | - | - |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 2.71 | 2.47 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 97.29 | 97.51 |
CD | 0.11 | 0.01 |
T-Bills | - | - |
CP | - | - |
NCD & Bonds | - | - |
PTC | - | - |
Cash & Others | 2.60 | 2.48 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 925.64 | 56.65 | - |
GOI | Long-term Debt | Sovereign | SOV | 404.85 | 24.78 | - |
GOI | Long-term Debt | Sovereign | SOV | 254.16 | 15.55 | - |
7.23% GOI 15/04/2039 | Long-term Debt | Sovereign | SOV | 5.10 | 0.31 | 50,00,000 |
Clearing Corporation of India 0 | Short-term Debt | Others | - | 1.80 | 0.11 | - |
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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 Gilt Fund with 10 year Constant Duration Regular - Growth 11.72 Unrated 163.41 0.95 8.32 - - Bandhan Government Securities Fund Constant Maturity Regular-Growth 42.40 Unrated 332.96 0.97 9.13 5.13 6.32 ICICI Prudential Constant Maturity Gilt Fund-Growth 22.84 Unrated 2,316.70 0.95 8.51 5.33 6.63 DSP 10Y G-Sec Fund Regular-Growth 20.29 Unrated 53.33 0.91 8.36 4.74 5.48 SBI Nifty 10 yr Benchmark G-Sec ETF-Growth 236.75 Unrated 3,033.67 0.95 8.70 4.99 5.03
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- A.M.Anurag MittalSince Jul 20228 schemes
- J.B.Jaydeep BhowalSince Aug 20223 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 Money Market Fund Regular Plan-Growth Money Market 2,892.56 15,169.71 7.56 UTI Low Duration Fund Regular Plan-Growth Low Duration 3,323.20 2,849.09 7.30 UTI Corporate Bond Fund Regular - Growth Corporate Bond 15.28 3,877.27 7.53 Bandhan Money Manager Fund Regular-Growth Money Market 37.86 6,059.09 6.80 UTI Banking & PSU Fund Regular-Growth Banking and PSU 20.49 841.00 7.32 UTI Balanced Advantage Fund Regular - Growth Dynamic Asset Allocation 12.13 Unrated 3,038.11 21.45 UTI Money Market Fund Discontinued-Growth Money Market 6,689.75 Unrated 15,169.71 7.03 UTI Low Duration Fund Discontinued-Growth Low Duration 5,881.97 Unrated 2,849.09 6.83 He has done B.Com, CA from ICAI and PGDFM from Welingkar Institute of Management, Mumbai He began his career with UTI Mutual Fund in November 2009. He has more than 10 years of experience and had been involved in various roles at UTI. Presently he is working as Dealer in Department of Fund Management - Fixed Income. Prior to joining the AMC he was associated with SJ & A.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y UTI Conservative Hybrid Fund Regular Plan-Growth Conservative Hybrid 66.25 1,637.97 16.42 UTI Nifty 10 yr Benchmark G-Sec ETF - Growth Gilt with 10 year Constant Duration 23.89 Unrated 0.58 - UTI Nifty 5 yr Benchmark G-Sec ETF - Growth Gilt 57.90 Unrated 0.82 -
More UTI Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
UTI Liquid Regular Plan-Growth | 26,476.75 | 0.59 | 1.82 | 3.55 | 7.21 | 5.32 | |
UTI Liquid Discontinued Regular Plan-Growth | 26,476.75 | 0.55 | 1.69 | 3.29 | 6.66 | 4.76 | |
UTI Flexi Cap Fund Regular Plan-Growth | 24,684.31 | -0.16 | -1.12 | 1.85 | 20.16 | 7.22 | |
UTI Nifty 50 Index Fund Regular Plan-Growth | 15,648.55 | 2.54 | 6.44 | 11.84 | 29.07 | 14.66 | |
UTI Money Market Fund Regular Plan-Growth | 13,070.27 | 0.69 | 1.88 | 3.63 | 7.66 | 5.65 | |
UTI Money Market Fund Regular Plan-Growth | 13,070.27 | 0.69 | 1.88 | 3.63 | 7.66 | 5.65 | |
UTI Money Market Fund Discontinued-Growth | 13,070.27 | 0.65 | 1.76 | 3.38 | 7.14 | 5.13 | |
UTI Large Cap Fund Regular Plan-Growth | 12,146.68 | 1.67 | 4.66 | 9.48 | 27.43 | 13.13 | |
UTI Large Cap Fund Regular Plan-Growth | 12,146.68 | 1.67 | 4.66 | 9.48 | 27.43 | 13.13 | |
UTI Large Cap Fund Regular Plan-Growth | 12,146.68 | 1.67 | 4.66 | 9.48 | 27.43 | 13.13 |
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1. UTI Gilt Fund with 10 year Constant Duration - Regular Plan is Open-ended Gilt with 10 year Constant Duration Debt scheme which belongs to UTI Mutual Fund House.
2. The fund was launched on Aug 01, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate optimal returns with high liquidity by investing in a portfolio of government securities such that weighted average portfolio maturity is around 10 years. "
2. It is benchmarked against CRISIL 10-Year Gilt.
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 Gilt Fund with 10 year Constant Duration - Regular Plan is 9.82 years and Duration is 6.79 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 Gilt Fund with 10 year Constant Duration Regular - Growth
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.
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FAQs about UTI Gilt Fund with 10 year Constant Duration Regular - Growth
- Is it safe to invest in UTI Gilt Fund with 10 year Constant Duration - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the UTI Gilt Fund with 10 year Constant Duration - Regular Plan comes under Moderate risk category.
- What is the category of UTI Gilt Fund with 10 year Constant Duration - Regular Plan?UTI Gilt Fund with 10 year Constant Duration - Regular Plan belongs to the Debt : Gilt with 10 year Constant Duration category of funds.
- How Long should I Invest in UTI Gilt Fund with 10 year Constant Duration - Regular Plan?The suggested investment horizon of investing into UTI Gilt Fund with 10 year Constant Duration - Regular Plan is >5 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 Gilt Fund with 10 year Constant Duration - Regular Plan?The UTI Gilt Fund with 10 year Constant Duration - Regular Plan is managed by Anurag Mittal (Since Jul 18, 2022) and Jaydeep Bhowal (Since Aug 01, 2022).
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