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UTI - Floating Rate Fund STP

Rating (source: Value Research)

NAV as on 02/12/2016 for

Rs. 1112.7310.0884 (0.01%)
SMS: LNF to 5676756to get scheme details and NAV
  • Overview

  • Performance

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  • Fund
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  • Load
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Investment Objective

To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market 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.

Investment Information
Launch Date
29th August, 2003
Fund size (Quarterly average as on 31/10/2016)
Rs. 5649.72 Crore
NAV per unit as on Dec 02, 2016
Weekly Dividend Option: Rs. 1112.73
No of units Holding accounts
67318
Weighted Average Maturity
0.87 Years
Minimum Investment Amount
  Rs.5,000/-
Dividend declared ( Record date Recent 3 Dividends)
0.99% in November, 2016 (29th November, 2016)
3.31% in November, 2016 (22nd November, 2016)
4.14% in November, 2016 (15th November, 2016)
Options Available

Growth, Daily Div. Reinvestment, Weekly Div. Reinvestment Option, Flexi dividend option

(SIP, SWP)

Fund Managers
Fund Manager

Mr. Sudhir Agarwal

Mr. Sudhir Agarwal is a M.Com, CFA, PGDBA, CAIIB-I, Certificate Examination of IIB for the Employees of UTI. He joined UTI AMC in 2009 after 8 years of experience.

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Fund Managers
Fund Manager

Mr. Ritesh Nambiar

Mr. Ritesh Nambiar (Bachelors in Management Studies (BMS) from Mumbai University CFA, FRM, Masters in Management Studies (MMS) [Finance] from Mumbai University)

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Who Should Invest
  1. The UTI Floating Rate Fund aims at generating regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed debt.
  2. This fund also offers a moderate level of defense against volatile debt markets.

This product is suitable for investors who are seeking*:

  • Regular income over short-term
  • Investments in floating rate debt/money market instruments, fixed rate debt/money market instruments swapped for floating rate return.
  • Moderately Low Level

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Scenario 1:
Mr.Singh has invested Rs.1,00,000 in this fund since December 2000. See how his funds have performed over time.

Scenario 2:
Mr.Singh has invested Rs.1,00,000 in this fund since December 2000. See how his funds have performed over time.

Credit Profile of Debt
Asset Allocation
Portfolio as on October 31, 2016
Debt % to NAV Rating
   
  • Net Current assets
9.59
     
CP / CDs    
  • ✓NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT
7.85 CRISIL A1+
  • ✓EXIM BANK
6.37 CRISIL A1+
  • ✓ICICI BANK LTD
6.19 ICRA A1+
  • ✓BANK OF MAHARASHTRA
4.85 CRISIL A1+
  • ✓INDIA INFOLINE FINANCE LTD
4.56 ICRA A1+
  • HDB FINANCIAL SERVICES LTD.
3.02 CRISIL A1+
  • IDBI BANK LTD.
3.00 CRISIL A1+
  • PIRAMAL ENTERPRISES LTD.
1.50 ICRA A1+
  • ANDHRA BANK
0.37 CARE A1+
  • CORPORATION BANK
0.37 CRISIL A1+
  • TALWANDI SABO POWER LIMITED
0.08 CRISIL A1+
     
NCDs    
  • ✓SMALL INDST. DEV. BANK OF INDIA
4.67 CARE AAA
  • ✓VEDANTA LTD
4.32 CRISIL AA-
  • ✓INDIABULLS HOUSING FINANCE LTD.
4.21 CARE AAA
  • ✓HDFC LTD.
4.15 CRISIL AAA
  • ✓DEWAN HSG FINANCE CORPORATION LTD
4.05 CARE AAA
  • SHRIRAM TRANSPORT FINANCE CO.LTD.
3.14 IND AA+
  • KKR INDIA FINANCIAL SERVICES PVT LTD
3.13 CRISIL AA
  • JSW STEEL LTD.
3.12 ICRA AA-
  • ECL FINANCE LTD.
3.10 ICRA AA
  • BUSINESS BROADCAST NEWS HOLDINGS LTD
2.41 CARE AAA(SO)
  • JSW ENERGY LTD.
2.31 CARE AA-
  • PNB HOUSING FINANCE LTD.
2.30 CARE AAA
  • NATIONAL HOUSING BANK
1.91 CRISIL AAA
  • FUTURE ENTERPRISES LTD.
1.55 CARE AA-
  • JM FINANCIAL CREDIT SOLUTIONS LIMITED
1.55 ICRA AA
  • EXIM BANK
1.15 CRISIL AAA
  • NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT
1.15 CRISIL AAA
  • INDIAN RAILWAYS FIN CORPN LTD.
1.00 CRISIL AAA
  • RELIGARE FINVEST LTD.
0.84 IND AA-
  • EDELWEISS ASSET RECONSTRUCTION COMPANY LTD
0.77 ICRA AA(SO)
  • ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD
0.62 ICRA AA+
  • BMW INDIA FINANCIAL SERVICES PVT LTD
0.47 CRISIL AAA
  • CAPITAL FIRST LTD.
0.31 CARE AA+
  • L & T FINANCE LTD.
0.00 CARE AA+
     
Total 100  
     
All figures given are provisional and unaudited.
✓ Top 10 scripts in the portfolio.
Fund Manager - Biography
Fund Manager

Mr. Sudhir Agarwal

Mr. Sudhir Agarwal is a M.Com, CFA, PGDBA, CAIIB-I, Certificate Examination of IIB for the Employees of UTI. He joined UTI AMC in 2009 after 8 years of experience. He has previously worked with CARE (Credit Analysis and Research Ltd.), Transparent Value LLC and Tata Asset Management Company Ltd in different roles.

Currently, he is working as a Fund Manager and handling UTI-Floating Rate Fund-STP, UTI-Short Term Income Fund, UTI-Treasury Advantage Fund

Fund Manager - Biography
Fund Manager

Shri. Ritesh Nambiar

Mr. Ritesh Nambiar (Bachelors in Management Studies (BMS) from Mumbai University CFA, FRM, Masters in Management Studies (MMS) [Finance] from Mumbai University)

He joined UTI in 2008. Prior to joining UTI, he has 3 years of experience in CRISIL and TransMarket Group Research. In UTI he has worked in Department of Securities Research and is presently in Department of Fund Management - Debt

Minimum Investment Amount Minimum amount of initial investment is Rs.5000/- and in multiples of Rs.1/- thereafter.
Minimum redemption amount Rs.1,000/- and in multiples of Rs.1/-.
Period of Holding Nil(w.e.f. October 01,
2012)
Nil
Entry Load Nil Nil
Exit Load(as % of NAV) Nil Nil
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