About UTI Ultra Short Term Fund Direct-Growth
UTI Ultra Short Term Fund Direct-Growth is a Debt
mutual fund scheme from UTI Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Ritesh Nambiar
and Sudhir Agrawal
. It has an AUM of ₹2,961.76 Crores and the latest NAV decalared is ₹3152.140 as on 16 Oct 2019 at 9:25 pm.
UTI Ultra Short Term Fund Direct-Growth scheme return performance in last 1 year is 4.27%, in last 3 years is 20.15% and 70.55% 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.