UTI Money Market Fund Direct Growth
DebtMoney MarketModerate Risk
Direct
NAV (17-May-24)
₹2864.460.02%1D
Returns (Since Inception)
7.29%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹14,041 Cr
Expense Ratio
0.19%
ISIN
INF789F01XV6
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
UTI Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by UTI Mutual Fund. This fund has been in existence for 11 years, 4 months and 19 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹2864.46, Assets Under Management (AUM) of 14041.42 Crores, and an expense ratio of 0.19%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹2864.46, Assets Under Management (AUM) of 14041.42 Crores, and an expense ratio of 0.19%.
- UTI Money Market Fund Direct Growth has given a CAGR return of 7.29% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 34.50% in debts, and 65.27% in cash & cash equivalents.
- You can start investing in UTI Money Market Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.62%
+5.95% (Cat Avg.)
3 Years
+5.97%
+5.23% (Cat Avg.)
5 Years
+6.07%
+5.24% (Cat Avg.)
10 Years
+7.01%
+5.67% (Cat Avg.)
Since Inception
+7.29%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Debt | ₹4,844.66 Cr | 34.50% |
| Others | ₹9,196.76 Cr | 65.50% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Canara Bank | Bond - Gov't Agency Debt | ₹796.88 Cr | 5.68% |
| India (Republic of) | Bond - Short-term Government Bills | ₹681.53 Cr | 4.85% |
| India (Republic of) | Bond - Short-term Government Bills | ₹487.45 Cr | 3.47% |
| Net Current Assets | Cash | ₹481.74 Cr | 3.43% |
| Bajaj Housing Finance Ltd. | Cash - Commercial Paper | ₹468.62 Cr | 3.34% |
| Dbs Bank India Limited | Cash - CD/Time Deposit | ₹422.53 Cr | 3.01% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹375.82 Cr | 2.68% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹327.99 Cr | 2.34% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹286.72 Cr | 2.04% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹285.83 Cr | 2.04% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹283.98 Cr | 2.02% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹282.2 Cr | 2.01% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹281.74 Cr | 2.01% |
| Indian Bank | Bond - Gov't Agency Debt | ₹281.55 Cr | 2.01% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹260.94 Cr | 1.86% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹239.18 Cr | 1.70% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹236.33 Cr | 1.68% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹236.12 Cr | 1.68% |
| AU Small Finance Bank Ltd. | Bond - Corporate Bond | ₹234.45 Cr | 1.67% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹234.14 Cr | 1.67% |
| Shriram Finance Limited | Cash - Commercial Paper | ₹232.96 Cr | 1.66% |
| 182 DTB 29082024 | Bond - Gov't/Treasury | ₹195.49 Cr | 1.39% |
| India (Republic of) | Bond - Short-term Government Bills | ₹195.24 Cr | 1.39% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹191.27 Cr | 1.36% |
| Dbs Bank India Limited | Cash - CD/Time Deposit | ₹191.06 Cr | 1.36% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹189.05 Cr | 1.35% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹188.87 Cr | 1.35% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹188.29 Cr | 1.34% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹169.9 Cr | 1.21% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹166.48 Cr | 1.19% |
| Piramal Capital & Housing Finance Ltd. | Cash - Commercial Paper | ₹148.99 Cr | 1.06% |
| Punjab & Sind Bank | Cash - CD/Time Deposit | ₹146.04 Cr | 1.04% |
| National Housing Bank | Cash - Commercial Paper | ₹145.64 Cr | 1.04% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹143.16 Cr | 1.02% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹142.38 Cr | 1.01% |
| Panatone Finvest Limited | Cash - Commercial Paper | ₹141.91 Cr | 1.01% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹141.51 Cr | 1.01% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹141.3 Cr | 1.01% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹141.12 Cr | 1.01% |
| Canara Bank | Cash - CD/Time Deposit | ₹140.85 Cr | 1.00% |
| Punjab & Sind Bank | Bond - Corporate Bond | ₹140.66 Cr | 1.00% |
| Tmf Holdings Limited | Cash - Commercial Paper | ₹140.38 Cr | 1.00% |
| Hinduja Leyland Finance Ltd | Cash - Commercial Paper | ₹140.37 Cr | 1.00% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹119.65 Cr | 0.85% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹118.31 Cr | 0.84% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹117.28 Cr | 0.84% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹117.25 Cr | 0.84% |
| 07.52 GJ Sgs 2025 | Bond - Gov't/Treasury | ₹100.27 Cr | 0.71% |
| 182 DTB 22082024 | Bond - Gov't/Treasury | ₹97.88 Cr | 0.70% |
| Aditya Birla Housing Finance Ltd. | Cash - Commercial Paper | ₹97.19 Cr | 0.69% |
| Canara Bank | Cash - CD/Time Deposit | ₹94.91 Cr | 0.68% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹94.9 Cr | 0.68% |
| Canara Bank | Cash - CD/Time Deposit | ₹94.89 Cr | 0.68% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹94.59 Cr | 0.67% |
| Cholamandalam Investment & Finance Co Ltd. | Bond - Corporate Bond | ₹94.57 Cr | 0.67% |
| Icici Securities Limited | Cash - Commercial Paper | ₹94.33 Cr | 0.67% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹94.12 Cr | 0.67% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹94.02 Cr | 0.67% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹93.89 Cr | 0.67% |
| Icici Securities Limited | Cash - Commercial Paper | ₹93.88 Cr | 0.67% |
| Icici Securities Limited | Cash - Commercial Paper | ₹93.61 Cr | 0.67% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹93.61 Cr | 0.67% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹93.47 Cr | 0.67% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹93.31 Cr | 0.66% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹93.05 Cr | 0.66% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹70.66 Cr | 0.50% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹70.36 Cr | 0.50% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹70.34 Cr | 0.50% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹70.3 Cr | 0.50% |
| 360 One Wam Ltd. | Cash - Commercial Paper | ₹70.3 Cr | 0.50% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹47.87 Cr | 0.34% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹47.49 Cr | 0.34% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹47.48 Cr | 0.34% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹47.43 Cr | 0.34% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹47.09 Cr | 0.34% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹46.94 Cr | 0.33% |
| AU Small Finance Bank Ltd. | Bond - Corporate Bond | ₹46.87 Cr | 0.33% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹46.77 Cr | 0.33% |
| Fedbank Financial Services Ltd | Cash - Commercial Paper | ₹46.52 Cr | 0.33% |
| 08.07 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹45.29 Cr | 0.32% |
| GS CG 12/6/2024 - (STRIPS) TB | Bond - Gov't/Treasury | ₹32.74 Cr | 0.23% |
| CORPORATE DEBT MARKET DEVT FUND - A2 UNITS | Mutual Fund - Open End | ₹31.6 Cr | 0.23% |
| 05.80 MH Sdl 2025 | Bond - Gov't/Treasury | ₹24.75 Cr | 0.18% |
| Clearing Corporation Of India Ltd. Std - Margin | Cash - Repurchase Agreement | ₹2.97 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹5,134.14 Cr | 36.56% |
| Cash - Commercial Paper | ₹3,513.56 Cr | 25.02% |
| Bond - Corporate Bond | ₹1,702.43 Cr | 12.12% |
| Bond - Short-term Government Bills | ₹1,364.22 Cr | 9.72% |
| Bond - Gov't Agency Debt | ₹1,314.32 Cr | 9.36% |
| Bond - Gov't/Treasury | ₹496.43 Cr | 3.54% |
| Cash | ₹481.74 Cr | 3.43% |
| Mutual Fund - Open End | ₹31.6 Cr | 0.23% |
| Cash - Repurchase Agreement | ₹2.97 Cr | 0.02% |
Risk & Performance Ratios
Standard Deviation
This fund
0.55%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
1.33
Cat. avg.
-0.30
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.08
Higher the better
Fund Managers
Anurag Mittal
Since December 2021
Amit Sharma
Since July 2017
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF789F01XV6 | Expense Ratio | 0.19% | Exit Load | No Charges | Fund Size | ₹14,041 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Money Market A-I TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹485.28 Cr | 6.6% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹168.68 Cr | 7.1% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹168.68 Cr | 6.3% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹96.02 Cr | 7.2% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹96.02 Cr | 7.0% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹20.44 Cr | 6.9% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹20.44 Cr | 6.5% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹17287.51 Cr | 7.5% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1511.50 Cr | 7.4% |
| HDFC Money Market Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹21260.52 Cr | 7.4% |
About the AMC
Total AUM
₹2,73,084 Cr
Address
UTI Towers, Gn Block, Mumbai, 400 051
Other Funds by UTI Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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We're here to help.
What is the current NAV of UTI Money Market Fund Direct Growth?
The NAV of UTI Money Market Fund Direct Growth, as of 17-May-2024, is ₹2864.46.
What are the returns of UTI Money Market Fund Direct Growth?
The fund has generated 7.62% over the last 1 year and 5.97% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of UTI Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 34.50% in bonds, and 65.27% in cash and cash equivalents.
Who manages the UTI Money Market Fund Direct Growth?
The fund managers responsible for UTI Money Market Fund Direct Growth are:-
- Anurag Mittal
- Amit Sharma
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.