UTI Money Market Fund - Direct Plan - Growth Option
Debt
Direct
Money Market
NAV: ₹ 2863.9 as on 16-05-2024
About the Fund
UTI Money Market Fund - Direct Plan - Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Amit Sharma, Anurag Mittal. This fund is suitable to keep your money safe.
Key Parameters
- UTI Money Market Fund - Direct Plan - Growth Option has ₹14041 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Fund Performance
95 people have invested ₹ 63.9L in UTI Money Market Fund - Direct Plan - Growth Option in the last three months
Overview
 | 0.19% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹14041 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 266.78% |
UTI Money Market Fund - Direct Plan - Growth Option Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
50.5%
Cash Equivalent
36.5%
Government
13%
Top Holdings of UTI Money Market Fund - Direct Plan - Growth Option as on (30-Apr-24)
Debt Holdings79
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Canara Bank | 5.68% | 0% | |
Bajaj Housing Finance Ltd. | 3.34% | 0% | |
Dbs Bank India Limited | 3.01% | 0% | |
HDFC Bank Limited | 2.68% | 0% | |
National Bank for Agriculture and Rural Development | 2.34% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 14K Cr as of Apr'24
- AUM increased by 2.4K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 20.2% growth in AUM moving from 11.67K Cr to 14.04K Cr.
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.19% which is lower than the category average expense ratio of 0.33%.
Over the last 3 months, this fund has decreased expense ratio by 5.0% moving from 0.20 to 0.19.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.1% return, outperforming this fund by 0.14% per annum.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.16%.
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.27% return, outperforming this fund by 0.19% per annum.
Peer Analysis
Fund Manager
Amit Sharma
Fund Manager of UTI Money Market Fund - Direct Plan - Growth Option, since 7 July 2017
Top funds managed
Anurag Mittal
Fund Manager of UTI Money Market Fund - Direct Plan - Growth Option, since 1 December 2021
Top funds managed
UTI Money Market Fund - Direct Plan - Growth Option Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.29% since inception which is more than its category average return of 4.96%
AUM size ₹14041 Cr
This fund has AUM of ₹14041 Cr which is more than its category average of ₹ 6863 Cr
Expense Ratio 0.19%
This fund has an expense ratio of 0.19% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of UTI Money Market Fund - Direct Plan - Growth Option is ₹2863.9 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
UTI Money Market Fund - Direct Plan - Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.88% | 3.88% |
1 Year Returns | 7.7% | 7.7% |
3 Years Returns | 18.99% | 5.97% |
5 Years Returns | 34.37% | 6.09% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.19% as on April 2024
₹14041 Cr as on April 2024
Canara Bank(5.68%), Bajaj Housing Finance Ltd.(3.34%), Dbs Bank India Limited(3.01%), HDFC Bank Limited(2.68%), National Bank for Agriculture and Rural Development(2.34%) as on April 2024
Corporate(50.46%), Cash Equivalent(36.49%), Government(13.05%) as on April 2024
Yield to Maturity is 7.62 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.69 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Amit Sharma, Anurag Mittal are the fund managers of UTI Money Market Fund - Direct Plan - Growth Option
The Exit load of UTI Money Market Fund - Direct Plan - Growth Option is 0%