- Mutual Funds
- UTI Mutual Fund
- UTI Floater Fund Direct Growth
Floater funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Floater Funds are mandated to invest a minimum of 65% of total assets in Floating Rate Instruments.
This is a relatively small category with a limited number of funds.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.
Scheme Information
The scheme seeks 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.
Expense Ratio | 0.42 % |
Launched 6Y ago | 2018-10-30 |
AUM in Crores | 1384.9 |
ISIN | INF789F1ACX5 |
Lock-in (days) | No Lock-in |
Benchmark | CRISIL Short Duration Debt A-II Index |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | - |
Standard Deviation | 0.5 |
Beta | 1.1 |
Sharpe Ratio | 0.6 |
YTM | - |
Fund Managers
Asset allocation and Holdings
Top Debt Holdings
ICICI Bank Ltd.
8.77%Kotak Mahindra Bank Ltd.
8.73%Canara Bank
6.99%Reserve Bank of India
5.8%Others
5.62%
Comparison with Debt Funds
| Fund Name | Fund Size | |
|---|---|---|
₹ 4,772 cr | ||
₹ 14,724 cr | ||
₹ 9,086 cr | ||
₹ 42,292 cr | ||
₹ 13,733 cr |
