Top 10 Uti Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Franklin India Ultra Short Bond FundDebtModerate10.1%5star19,751
UTI Overnight FundDebtLow6.2%4star905
UTI Gilt FundDebtModerate15.5%4star556
UTI Money Market FundDebtLow8.8%4star6,584
UTI Medium Term FundDebtModerate8.0%3star291
Essel Ultra Short Term FundDebtModerately Low7.8%3star27
UTI Ultra Short Term FundDebtModerately Low4.0%3star2,962
UTI Treasury Advantage FundDebtModerately Low-3.7%3star2,441
UTI Credit Risk FundDebtModerate-2.8%3star3,526
UTI Liquid Cash PlanDebtLow7.4%3star35,331
Edelweiss Low Duration FundDebtModerately Low-4.2%2star119
UTI Short Term Income FundDebtModerate-3.4%2star2,278
UTI Dynamic Bond FundDebtModerate-0.9%1star597
UTI Bond FundDebtModerate-2.1%1star597
UTI Corporate Bond FundDebtModerateN.Astar200
View All Top 10 Uti Mutual Funds

Best UTI Debt Mutual Funds

UTI Mutual Fund was carved out of the erstwhile Unit Trust of India as a SEBI registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into – Specified Undertaking of Unit Trust of India; and UTI Mutual Fund. UTI AMC, India’s most trusted Wealth creators and always has the interest of its investors in its heart. The AMC has completed 50 years as India’s leading Financial service institution and was a sole vehicle of capital market investment for Indian Citizens till the early 90’s. The institution has shown great resilience and has grown from strength to strength overcoming economic turbulence and global turnarounds. This AMC has contributed immensely to industrial and capital growth in the Indian market. It has led transformative initiatives like developmental financial institutions, rural outreach programs and financial products and services.

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Franklin India Ultra Short Bond Fund Super Institutional Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 8.93% annualized returns in the last 3 years. In the last 1 year, it gave 10.11% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 10.11% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹10,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt10,000
AUM19,751Cr
1Y Returns10.1%

UTI Overnight Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Overnight segment and provided 6.13% annualized returns in the last 3 years. In the last 1 year, it gave 6.15% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.15% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹1,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt1,000
AUM905Cr
1Y Returns6.2%

UTI Gilt Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 9.29% annualized returns in the last 3 years. In the last 1 year, it gave 15.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 15.46% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM556Cr
1Y Returns15.5%

UTI Money Market Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Money Market segment and provided 7.66% annualized returns in the last 3 years. In the last 1 year, it gave 8.82% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.82% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹10,000. Minimum SIP investment amount for this scheme is ₹10,000. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt10,000
AUM6,584Cr
1Y Returns8.8%

UTI Medium Term Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium Duration segment and provided 7.48% annualized returns in the last 3 years. In the last 1 year, it gave 7.96% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.96% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date30 Mar 2015
Min Investment Amt5,000
AUM291Cr
1Y Returns8.0%

Essel Ultra Short Term Fund Super Institutional Plan Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 7.36% annualized returns in the last 3 years. In the last 1 year, it gave 7.84% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.84% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹1,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment Amt1,000
AUM27Cr
1Y Returns7.8%

UTI Ultra Short Term Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 6.32% annualized returns in the last 3 years. In the last 1 year, it gave 4% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹2,500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM2,962Cr
1Y Returns4.0%

UTI Treasury Advantage Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 3.51% annualized returns in the last 3 years. In the last 1 year, it gave -3.72% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.72% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹10,000. Minimum SIP investment amount for this scheme is ₹2,500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt10,000
AUM2,441Cr
1Y Returns-3.7%

UTI Credit Risk Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Credit Risk segment and provided 4.13% annualized returns in the last 3 years. In the last 1 year, it gave -2.84% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.84% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM3,526Cr
1Y Returns-2.8%

UTI Liquid Cash Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.1% annualized returns in the last 3 years. In the last 1 year, it gave 7.36% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.36% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹500. Minimum SIP investment amount for this scheme is ₹2,500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt500
AUM35,331Cr
1Y Returns7.4%

Edelweiss Low Duration Super Institutional Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 3.45% annualized returns in the last 3 years. In the last 1 year, it gave -4.22% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.22% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹5,000. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM119Cr
1Y Returns-4.2%

UTI Short term Income Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Short Duration segment and provided 3.34% annualized returns in the last 3 years. In the last 1 year, it gave -3.4% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.4% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹10,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt10,000
AUM2,278Cr
1Y Returns-3.4%

UTI Dynamic Bond Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 4.17% annualized returns in the last 3 years. In the last 1 year, it gave -0.95% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.95% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹10,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt10,000
AUM597Cr
1Y Returns-0.9%

UTI Bond Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium to Long Duration segment and provided 3.12% annualized returns in the last 3 years. In the last 1 year, it gave -2.14% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.14% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹1,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt1,000
AUM597Cr
1Y Returns-2.1%

UTI Corporate Bond Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Income segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -100% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. . This is one of the best Debt mutual fund in India.

Launch Date07 Aug 2018
Min Investment Amt5,000
AUM200Cr
1Y Returns-100.0%

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What does investing in UTI Debt Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in UTI Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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