UTI Banking & PSU Debt Fund Direct Growth is a Equity Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 03 Feb 2014. Sudhir Agrawal is the Current Fund Manager of UTI Banking & PSU Debt Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹167 Cr and the Latest NAV as of 19 Sep 2019 is ₹14.83.
The UTI Banking & PSU Debt Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs).
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment