UTI Gilt Fund Direct Growth

UTI Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sudhir Agarwal. This fund is suitable to keep your money safe.

1. UTI Gilt Fund Direct Growth has ₹647 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.7.
   

UTI Gilt Fund Direct Growth has given a CAGR return of 8.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.23%, 5.91% and 6.25% respectively.

UTI Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2037, 7.04% Govt Stock 2029, 7.1% Govt Stock 2034, 7.37% Govt Stock 2028, 7.09% Govt Stock 2054

As it is a government bond 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.

The investment objective of the scheme is to generate credit risk-free return through investment in sovereign securities issued by the Central Government and / or State Government and / or any security unconditionally guaranteed by the Central Government and / or State Government for repayment of principal and interest. 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 for lump sum payment is INR 500.00 and for SIP is INR 500.00. UTI Gilt Fund Direct Growth has no lock in period.