Fund Details
UTI Banking and Financial Services Fund Direct Plan Dividend
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.78% |
| NAV | ₹42.70 (15 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹653 Cr |
Returns
Comparison
1. Lower expense ratio - 0.31%
2. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 11.4% |
| Food Corporation of India | FMCG | Bonds | 8.2% |
| Chennai Petroleum Corpn. Ltd. | Energy | NCD | 5.7% |
| Axis Bank Ltd. | Financial | CD | 5.7% |
| Export-Import Bank Of India | Financial | CP | 5.7% |
| REC Ltd. | Financial | Debenture | 5.3% |
| Housing & Urban Development Corpn. Ltd. | Financial | Debenture | 5.0% |
| National Thermal Power Corp. Ltd. | Energy | Bonds | 4.3% |
| Indian Railway Finance Corpn. Ltd. | Financial | Bonds | 4.1% |
| Hindustan Petroleum Corpn. Ltd. | Energy | Debenture | 4.0% |
Fund Managers
UTI Banking and Financial Services Fund Direct Plan Dividend Details
UTI Banking and Financial Services Fund Direct Plan Dividend is a Equity Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Sudhir Agrawal is the Current Fund Manager of UTI Banking and Financial Services Fund Direct Plan Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹653 Cr and the Latest NAV as of 15 Jan 2021 is ₹42.70.
The UTI Banking and Financial Services Fund Direct Plan Dividend is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed less than 1 year
Investment Objective
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies/institutions engaged in the banking and financial services activities.
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.
