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UTI Money Market Fund (Growth)

Debt

Money Market

Top Ranked

₹ 2336.83

NAV (OCT 23)

Scripbox Opinion

Top Ranked

These are the top-ranked funds within money market mutual funds.

However, Scripbox does not recommend investing in money market mutual funds.

Money Market Funds invest in money market instruments with maturity upto 1 year. This category accounts for close to 5% of the total Debt fund assets. Funds in this category have a credit quality and return similar to Liquid Funds however they tend to have higher variations when interest rates change.

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.

Our analysis of this fund Learn how we rate funds ->
Our analysis of this fund Learn how we rate funds ->

Track Record

11 Years

The fund has sufficient history for analysis and the track record is good

Relative Size

7,004 Cr

Large within the category

Impact of Interest Rate Changes

Low Interest Rate Risk

The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk

The fund has a high credit quality compared to other debt funds

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

Learn why choose a plan over a fund ->
  • Historical growth rate of 6.50% per annum
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
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Historical NAV

2336.83

NAV (OCT 23)

SIP Calculator

Investing Duration 5 years

Total Investment

Wealth Gained

Total Corpus Created

With assumed returns of 6.25%
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Scheme Information

Investment Objective

The investment objective of the scheme is to generate reasonable income with high level of liquidity by investing in a portfolio of 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.

Low

Moderately Low

Moderate

Moderately High

High

Moderately Low risk

0.27%

Expense Ratio

13th Jul, 2009

Launched (11y ago)

₹ 7,004

AUM in Crores

INF789F01PX8

No Lock-in

CRISIL Money Market TR INR

Benchmark

₹ 10000

SIP Minimum

₹ 10000

Lumpsum Min.

Fund Managers

Amandeep Chopra

Fund Manager

Amit Sharma

Fund Manager

Returns Calculator Comparison

of

for

Instrument Returns Total Corpus Gains Annualised %
Mutual Fund 70% 11.25%
EPF 70%
Property 70%
PPF 70%
Bank FD 70%
Gold 70%
Savings Bank 70%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 23rd October 2020

Top Stock Holdings

Net Current Assets

9%

182 Dtb 25032021

8%

182 Dtb 25022021

5%

182 Dtb 18032021

5%

364 Dtb 25032021

5%
See all holdings
allocation by market cap

Comparison with Debt Funds

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Indicative returns of 6.50% annually
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
  • One-click investing and tracking
  • Zero fees for all your investments

SIP Calculator

Investment Duration 5 years

₹12,37,295

Total Investment

₹12,37,295

Wealth Gained

₹12,37,295

Total Corpus Created

With assumed returns of 6.25%
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How does Scripbox rate funds?

Proprietary system to rate mutual funds

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

What Scripbox recommendations mean?

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

Top Ranked

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.

Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Category View

We check if the sub-category of the fund is recommended by us

calender

Consistency Of Performance

Consistency of performance over various tenures is analysed for a relative performance stack

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Impact of Interest Rates

We check the relative interest rate risk of the sub-category of the fund. Lower the better

calender

Credit Quality Of Fund’s Portfolio

We check the relative interest rate risk of the sub-category of the fund. Lower the better

Equity Funds

Debt Funds

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About UTI Money Market Fund (Growth)

About UTI Money Market Fund (Growth)

UTI Money Market Fund (Growth) is a Money Market Debt fund and has delivered an annualised return of 7.81% over a period of 11 years. The fund was previously known as UTI Money Market Instl Gr. The fund is managed by UTI Asset Management Company Ltd. The fund managers are Amandeep Chopra, Amit Sharma.

UTI Money Market Fund (Growth) Investment Objective

The investment objective of the scheme is to generate reasonable income with high level of liquidity by investing in a portfolio of 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. However, there is no assurance that the objective of the scheme will be realized.

UTI Money Market Fund (Growth) NAV, AUM and Risk

The fund was launched on 2009-07-13. The NAV of the fund as of 2020-10-23 is ₹ 2336.83. The total AUM of the fund as of 2020-10-23 is ₹ 7,004 Cr. The category risk of the fund is Moderately Low risk

The fund charges 0.27 % as expense ratio.

UTI Money Market Fund (Growth) Holdings

The fund’s highest allocation is towards others and has invested 84.47% in this asset class. The top three holdings of the fund are net current assets, 182 dtb 25032021 and 182 dtb 25022021.

UTI Money Market Fund (Growth) SIP

The minimum SIP(Systematic Investment Plan) amount for this is ₹ 10000 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 10000.

UTI Money Market Fund (Growth) Investment volatility and Horizon

This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Money Market TR INR.