About UTI Ultra Short Term Fund Direct-Dividend Fortnightly Reinvestment
UTI Ultra Short Term Fund Direct-Dividend Fortnightly Reinvestment is a Debt
mutual fund scheme from UTI Mutual Fund
. This scheme was launched on 15 Sep 2014 and is currently managed by its fund managers Ritesh Nambiar
and Sudhir Agrawal
. It has an AUM of ₹2,575.81 Crores and the latest NAV decalared is ₹1325.335 as on 20 Nov 2019 at 9:00 pm.
UTI Ultra Short Term Fund Direct-Dividend Fortnightly Reinvestment scheme return performance in last 1 year is 4.20%, in last 3 years is 19.83% and 16.14% since scheme launch. The min. SIP amount to invest in this scheme is ₹2500.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.