3 Year return

5.77%
Launched on October 2018 (6 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹1394.29 Cr.

Expense Ratio

0.34% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0.5

Ratings by other agencies

3
0
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

UTI Mutual Fund Managers

SA

Sudhir Agrawal

Fund Manager since Jul 2012

View Details

Fund House Details

UTI Mutual Fund

UTI Mutual Fund Asset management company

AUM ₹290,993.03 Cr.
No. of Schemes 250
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by UTI Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
19.39%
scheme logo

Hybrid . Aggressive Hybrid Fund

UTI Aggressive Hybrid Fund Direct Plan Growth

19.39%
6.29%

About UTI Floater Fund Direct Plan Growth

UTI Floater Fund Direct Plan Growth is a mutual fund scheme offered by UTI Mutual Fund. This fund falls under the category of debt funds, specifically a floater fund. UTI Mutual Fund is a reputable asset management company known for its diverse range of investment solutions.

Investment Objectives of the Scheme

The primary objective of UTI Floater Fund Direct Plan Growth is to generate income for investors by predominantly investing in floating rate debt securities and money market instruments. These securities have variable interest rates that adjust periodically based on market conditions, which can help the fund potentially benefit from changing interest rate scenarios.

Key Features of The Fund

5-year return 6.46%
Expense Ratio 0.34%
Fund Manager Sudhir Agrawal
Fund Size ₹1394.29 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

UTI Floater Fund Direct Plan Growth is suitable for investors seeking a relatively stable income with the potential for better returns compared to traditional fixed deposits or other fixed-income instruments. This fund can be a good fit for individuals who are looking to diversify their investment portfolio, manage interest rate risks, and earn potentially higher yields than traditional fixed-income options. Keep in mind that while UTI Floater Fund Direct Plan Growth aims for stability and income, like all investments, it's important to assess your risk tolerance and financial goals before making an investment decision. Consulting with a financial advisor can help you determine if this fund aligns with your investment needs and objectives.

AMC Contact Details

Name UTI Mutual Fund
Launch Date January 2003
Addresss First Floor, Unit No. 2, Block ‘B’, JVPD Scheme, Gulmohar Cross Road No. 9, Andheri (West), Mumbai – 400049.
Contact 1800 266 1230 (+91) 022 6227 8000 022 – 68990800
Email service@uti.co.in
Website https://www.utimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Start Investing Early with SIPs

SIPs make mutual fund investing accessible. With a small, fixed amount, you can begin your investment journey and benefit from the power of compounding over time. Use Angel One's SIP calculator to determine a comfortable investment amount to reach your financial goals.

FAQs

What is today's NAV of UTI Floater Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of UTI Floater Fund Jun 21 2024 is 1447.3935

What is the AUM of UTI Floater Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of UTI Floater Fund is 1394.29 crore.

What is the expense ratio of UTI Floater Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of UTI Floater Fund is 0.34%

What are the returns of UTI Floater Fund since inception?

The UTI Floater Fund was launched on Oct 12 2018. The fund has delivered a CAGR of 6.77 since inception.

What is the minimum SIP amount to invest in UTI Floater Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for UTI Floater Fund is 500.

How do I invest in UTI Floater Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in UTI Floater Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in UTI Floater Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in UTI Floater Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.