About UTI Ultra Short Term Fund Direct - Flexi Dividend Payout
UTI Ultra Short Term Fund Direct - Flexi Dividend Payout is a Debt
mutual fund scheme from UTI Mutual Fund
. This scheme was launched on 11 Mar 2013 and is currently managed by its fund managers Ritesh Nambiar
and Sudhir Agrawal
. It has an AUM of ₹1,296.08 Crores and the latest NAV decalared is ₹1643.367 as on 14 Jul 2020 at 4:23 pm.
UTI Ultra Short Term Fund Direct - Flexi Dividend Payout scheme return performance in last 1 year is 7.14%, in last 3 years is 19.16% and 76.01% 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.