UTI Floater Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 20-12-2024
₹ 1498.33
Inception Returns
6.8%
/yr
About UTI Floater Fund Direct Growth
UTI Floater Fund Direct Growth is a debt fund. This fund was started on 30 October, 2018. The fund is managed by Sudhir Agarwal. This fund is suitable to keep your money safe.
Key Parameters
- UTI Floater Fund Direct Growth has ₹1425 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
UTI Floater Fund Direct Growth has given a CAGR return of 6.81% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.49%, 6.31% and 6.28% respectively.
Holdings
UTI Floater Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Power Finance Corporation Limited, Kotak Mahindra Bank Ltd., Indian Railway Finance Corporation Limited, Small Industries Development Bank Of India, National Bank For Agriculture And Rural Development
Taxation
As it is a floating rate mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of UTI Floater Fund Direct Growth
The investment objective of the scheme is to generate reasonable returns and reduce interest rate risk by investing in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. UTI Floater Fund Direct Growth has no lock in period.
Historical NAV & Returns
UTI Floater Fund Direct Growth Overview
| Expense ratio | 0.4% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹1425 Cr |
| Inception Date | 30 October, 2018 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 157.12% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 1.4K Cr as of Nov'24
- AUM increased by 12.3 Cr between Nov'24 and Oct'24
Top 2 Sectors in November were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Power Finance Corporation Limited | 8.82% | 0% | |
Kotak Mahindra Bank Ltd. | 8.55% | 100% | |
Indian Railway Finance Corporation Limited | 5.25% | 0% | |
Small Industries Development Bank Of India | 5.24% | 0% | |
National Bank For Agriculture And Rural Development | 5.23% | 0% |
Mutual Fund Insights
UTI Floater Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹1425 Cr
Expense Ratio 0.4%
Frequently Asked Questions for UTI Floater Fund Direct Growth
UTI Floater Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.49% | 0.49% |
6 Month Returns | 3.57% | 3.57% |
1 Year Returns | 7.49% | 7.49% |
3 Years Returns | 20.14% | 6.31% |
5 Years Returns | 35.62% | 6.28% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |