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The scheme seeks to generate reasonable income with high level of liquidity by investing in a portfolio of money market instruments. The investment objective of the scheme is to generate reasonable income with high level of liquidity by investing in a portfolio of money market instruments.
UTI Money Market Fund is a debt mutual fund that falls under the money market category. The fund primarily focuses on investing in bonds and securities with maturity periods of up to one year. Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit.
The fund follows a conservative investment approach, targeting instruments that provide:
- High liquidity for easy redemption
- Reasonable income generation
- Lower risk compared to longer-duration debt funds
- Capital preservation with steady returns
The UTI Money Market Fund is currently managed by a team of experienced fund managers:
Current Fund Managers:
- Amandeep Chopra - Amandeep Chopra, Amit Sharma is the Current Fund Manager of UTI Money Market Fund
- Amit Sharma - Co-manager with extensive experience in debt markets
- Anurag Mittal - The fund manager of UTI Money Market Fund is Anurag Mittal, Amit Sharma.
Fund Manager Credentials:
Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science. Prior to joining UTI Mutual Fund, he worked with IDFC AMC, HDFC AMC
The fund management team brings decades of combined experience in fixed income securities, money market instruments, and portfolio management.
UTI Mutual Fund is one of India's most established asset management companies with a rich heritage dating back to the 1980s.
Key Facts about UTI Mutual Fund:
- UTI Mutual Fund was established in January 2003 as a SEBI-registered fund house, backed by five prominent institutional partners: SBI, Bank of Baroda, Punjab National Bank, LIC, and T Rowe Price Group Inc.
- Its investors number nearly 11 million and there are over 250 plans currently operational with a total AuM of nearly Rs 238790 Crores.
- UTI Mutual Fund is the eighth largest mutual fund house by asset size in India.
- The company has a widespread presence, spanning 694 districts and served through 163 financial centers and 56,600 distributors.
Ownership Structure:
The 4 big partners- State Bank of India, the PNB or Punjab National Bank, Bank of Baroda, and the Life Insurance Corporation of India each holds 18.24% of the shares in the UTIMF. A significant share of 26% is held by the T Rowe Price Group Inc, also known as the TRP Group, and controlled by its subsidiary - T Rowe Price Global Investment Services Ltd.
The fund house has a strong track record in managing various categories of mutual funds and offers comprehensive investment solutions across equity, debt, and hybrid categories.
UTI Money Market Fund can be suitable for specific investor profiles and situations:
Ideal for:
- Investors seeking better returns than savings accounts with high liquidity
- Those with surplus funds for short-term parking (up to 1 year)
- Conservative investors prioritizing capital preservation
- Such funds are usually more suited to institutional investors.
Key Considerations:
- UTI Money Market Fund - Regular Plan is mandated to invest in bonds having maturity of up to one year and therefore, it is suitable to invest in for a similar time frame.
- These funds usually deliver low returns which are only marginally higher than your bank account.
- Retail investors can avoid these funds altogether... They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.
Risk Profile:
The UTI Money Market Fund is rated Moderate risk. While the fund aims to provide stability, investors should understand that The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Financial Performance (as of June 2025):
- AUM: ₹18,384.56 Crores
- Expense Ratio: 0.14 as of 17th April 2025
- Returns since inception: 7.23%p.a.
What is today's NAV of UTI Money Market Fund?
The current NAV varies by plan - Regular Plan Growth NAV is ₹3,081.50 as of 11 Jun 2025 while Direct Plan NAV is ₹3118.584 as on 12 Jun 2025. NAV is updated daily on business days.
What is the AUM of UTI Money Market Fund?
It has an AUM of ₹18,384.56 Crores as on 12 Jun 2025. The fund manages substantial assets indicating good investor confidence and liquidity.
What is the expense ratio of UTI Money Market Fund?
The expense ratio of UTI Money Market Fund Plan is 0.14 as of 17th April 2025 for direct plans, while regular plans may have slightly higher expense ratios due to distributor commissions.
What are the returns of UTI Money Market Fund since inception?
It has delivered 7.30% returns since inception. UTI Money Market Fund Direct Growth has given a CAGR return of 7.37% since inception.
What is the minimum SIP amount to invest in UTI Money Market Fund?
Minimum SIP Investment is set to ₹500. The min. SIP amount to invest in this scheme is ₹500.
How do I invest in UTI Money Market Fund?
You can invest through Allvest platform by completing your KYC, selecting the fund, choosing between SIP or lump sum, and making payment through net banking or UPI. Allvest offers a seamless online investment experience.
How to start a SIP in UTI Money Market Fund?
Log into your Allvest account, search for UTI Money Market Fund, select 'Start SIP', choose the amount (minimum ₹500), set frequency, and complete the auto-debit setup. Your SIP will begin from the next cycle.
How do I automate an SIP in UTI Money Market Fund?
Through Allvest's auto-invest feature, you can set up automatic monthly investments. Once configured, the chosen amount will be automatically invested from your linked bank account without manual intervention.
How can I withdraw/redeem my investment in UTI Money Market Fund?
Login to your Allvest account, navigate to your portfolio, select UTI Money Market Fund, choose 'Redeem', specify the amount or units, and submit. There is no lock in period in UTI Money Market Fund, so you can redeem anytime without exit load restrictions.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer