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UTI - Floating Rate Fund STP Rating (source: Value Research)

NAV as on 16/05/2012 for

Rs. 1000.7710 (0%)
SMS: LNF to 5676756to get scheme details and NAV
  • Overview
  • Performance
  • Portfolio
  • Fund Manager
  • Scheme Documents
  • Fees
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 30/04/2012)
Rs. 834.00 Crore
High/Low of NAV in the month
Institutional Growth Option: Rs. 1222.93/ Rs. 1213.65
NAV per unit as on May 16, 2012
Institutional Dividend Option: Rs. 1000.77
Registrar
N.A.
No of units Holding accounts
N.A.
Weighted Average Maturity
0.20 Years
Minimum Investment Amount
Regular Plan Minimum amount of initial investment is Rs.5,000/- and in multiples of Re.1/- thereafter.
Institutional Plan Minimum amount of investment is Rs.50,00,000/- (Rs.Fifty Lacs only) and in multiples of Re.1/- thereafter or such amount as may be decided from time to time.
Dividend declared ( Record date Recent 3 Dividends)
0.18% in May, 2012 (18th May, 2012)
0.18% in May, 2012 (17th May, 2012)
0.18% in May, 2012 (16th May, 2012)
Fund Managers
 

Mr. Amandeep Singh Chopra

Mr. Amandeep Singh Chopra is a graduate from St. Stephens College, Delhi and an MBA from FMS, Delhi.

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Fund Managers

Mr Manish Joshi

Manish Joshi is M.Sc, MFM.

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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.

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 April 30, 2012
Debt % to NAV Rating
   
  • Net Current assets
 0.89
     
CP / CDs    
  • ✓INDIAN OVERSEAS BANK LTD
 20.79 CRISIL-A1+
  • ✓IDBI BANK LTD.
 16.11 CRISIL-A1+
  • ✓JAMMU & KASHMIR BANK LTD.
 8.86 CRISIL A1+
  • ✓NATIONAL HOUSING BANK
 7.68 ICRA A1+
  • ✓AXIS BANK LTD.
 6.75 CRISIL A1+
  • ✓MADRAS CEMENTS LTD.
 5.90 ICRA A1+
  • ✓INDIABULLS FINANCIAL SERVICES LTD.
 5.86 CRISIL A1+
  • ✓CANARA BANK
 4.98 CRISIL A1+
  • ✓IL & FS FINANCIAL SERVICES LTD.
 3.35 CARE A1+
  • ✓ALLAHABAD BANK
 2.97 CRISIL A1+
  • TUBE INVESTMENTS OF INDIA LTD.
 2.95 CRISIL A1+
  • VODAFONE INDIA LTD.
 2.90 CRISIL A1+
  • UCO BANK
 2.36 CRISIL A1+
  • ICICI BANK LTD
 1.87 CARE A1+
  • ANDHRA BANK
 1.78 CARE A1+
  • BANK OF MAHARASHTRA
 1.20 CRISIL A1+
  • HDFC LTD.
 0.59 ICRA A1+
  • INDIAN OIL CORPORATION LTD.
 0.58 CRISIL A1+
  • INDIAN BANK
 0.54 FITCH A1+
  • L & T INFRASTRUCTURE FINANCE COMPANY LIMITED
 0.36 ICRA A1+
  • TATA CAPITAL LTD.
 0.36 ICRA A1+
  • UNION BANK OF INDIA
 0.17 CRISIL A1+
  • KOTAK MAHINDRA BANK LTD.
 0.10 CRISIL A1+
  • KOTAK MAHINDRA PRIME LTD.
 0.03 CRISIL A1+
  • SYNDICATE BANK
 0.01 CARE A1+
  • SUNDARAM BNP PARIBAS HOME FINANCE LTD.
 0.01 ICRA A1+
  • MAGMA FINCORP LTD.
 0.01 CARE A1+
  • BAJAJ FINANCE LTD.
 0.01 CRISIL A1+
  • CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD
 0.01 ICRA A1+
  • TATA MOTORS FINANCE LTD.
 0.01 ICRA A1+
  • KOTAK MAHINDRA INVESTMENT LTD.
 0.01 ICRA A1+
     
Total 100  
     
All figures given are provisional and unaudited.
✓ Top 10 scripts in the portfolio.
Fund Manager - Biography
Fund Manager

Mr. Amandeep Singh Chopra

Mr. Amandeep Singh Chopra is a graduate from St. Stephens College, Delhi and an MBA from FMS, Delhi. He has worked with Aaina Exports Ltd. as a production co-ordinator and at Stenay Ltd. as a Quality Control Inspector. He has been with UTI AMC since 1994 and has been responsible for increasing the asset value in some select funds. He has achieved CPR1 and CPR2 ranking for several funds as a Fund Manager. Three of his funds namely UTI Liquid Cash Plan, UTI Liquid Cash Plan-Institutional and UTI Bond Fund have been awarded CNBC TV-18 Crisil Mutual Award. Presently, he is the Head of the Fixed Income Group at UTI.
Fund Manager - Biography
Fund Manager

Mr. Manish Joshi

Over 14 years of experience. Joined UTI AMC on February 1997 as Assistant Manager. He has worked in International Finance, Dealing and Funds Management – Income. Currently he is working in the capacity of Fund Manager UTI Liquid Cash Plan, UTI Fixed Maturity Plans, UTI Money Market Fund and UTI Floating Rate Fund STP

Download Fund Documents
Load Structure
Entry Load Exit Load
Nil 0.75% if redeemed on or before 15 days from the date of acceptance
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Copyright 2010 UTIMF

Disclaimer:
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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