INF789F01588
The scheme seeks to generate reasonable income, with low risk and high level of liquidity from a portfolio of overnight securities having a maturity of one day. UTI Overnight Fund follows a conservative investment approach focusing on capital preservation while providing better returns than traditional savings accounts.
The fund primarily invests in overnight securities, reverse repo transactions, and other money market instruments with maturity of one day. This investment strategy ensures:
- Minimal interest rate risk due to very short maturity periods
- High liquidity with same-day settlement
- Stable returns with low volatility
- Relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer
Key Fund Metrics (as of December 2024):
- AUM: ₹6,024.93 Crores as of December 27, 2024
- Expense Ratio (Direct Plan): 0.05%
- Expense Ratio (Regular Plan): 0.11%
- 1-year return: 6.67%, 3-year return: 5.96%, 5-year return: 4.87%
- Minimum SIP: ₹500
Amandeep Singh Chopra is the Group President & Head of Fixed Income of UTI AMC Ltd. He has been with UTI AMC since 1994 beginning his career as a 'Research Analyst' and then moving into the area of Fund Management.
Key Qualifications & Experience:
- B.Sc. from St.Stephen's College and an MBA from FMS, Delhi
- Over 30 years of experience in financial markets
- Serves on the Executive Investment Committee (EIC), Valuation Committee and the Management Committee of UTI AMC Ltd
- Member of the Valuation Committee of the Association of Mutual Funds in India (AMFI)
- Has won several awards in the category of Best Debt Fund Manager and Best Debt Fund House
The fund is also co-managed by Amit Sharma, bringing additional expertise to the fund management team.
UTI Asset Management Company Ltd (UTI AMC) is one of India's oldest and most respected mutual fund houses. UTI Mutual Fund is a part of Unit Trust of India (UTI). It was registered with SEBI in 2003. It is promoted by SBI, LIC, Bank of Baroda and PNB.
UTI AMC Key Highlights:
- UTI AMC commenced operations from February 1, 2003. It has been promoted by four sponsors, namely, SBI, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank and each of them hold 25% of the paid up capital of UTI AMC
- AUM of around ₹2.39 lakh crores as of March 31, 2023, having a market share of 6.06% in the industry
- Nearly 11 million investors and over 250 plans currently operational
- Eighth largest mutual fund house by asset size in India
- Vetri Subramaniam, the former CIO of Invesco Asset Management Ltd., is the CIO of UTI Mutual Fund since 2021
The fund house has extensive reach across India with over 50,000 AMFI and NSFM certified Independent Advisors on Finance and over 200 full-time Financial Service Centres.
UTI Overnight Fund is ideal for investors seeking:
Suitable For:
- Conservative investors prioritizing capital safety over high returns
- Those looking for better returns than savings accounts with minimal risk
- Parking surplus funds for short-term periods (1-5 years)
- Emergency fund creation with instant liquidity
- Treasury management for corporates and HNIs
Key Benefits:
- Low expense ratio of 0.06% (as of June 29, 2025)
- No exit load providing complete liquidity
- Rated Low risk
- Consistent performance with 6.72% returns in last 1 year
- Professional fund management by experienced team
Risk Considerations:
- Returns may not beat inflation during extended periods
- Interest rate changes can impact returns marginally
- Credit risk though minimal due to overnight maturity
- Opportunity cost compared to equity investments over long term
The fund's Sharpe ratio of 8.17 indicates better risk-adjusted performance, making it attractive for risk-averse investors.
What is today's NAV of UTI Overnight Fund?
The NAV varies daily. Latest NAV is ₹3443.61 as of January 5, 2025. Check real-time NAV on Allvest platform for current values.
What is the AUM of UTI Overnight Fund?
The fund has an AUM of ₹6,024.93 Crores as of December 27, 2024, indicating strong investor confidence and fund size.
What is the expense ratio of UTI Overnight Fund?
Direct Plan has 0.05% expense ratio while Regular Plan has 0.11% expense ratio, making direct plan more cost-effective.
What are the returns of UTI Overnight Fund since inception?
The fund has delivered 107.37% returns since scheme launch with consistent performance across different time horizons.
What is the minimum SIP amount to invest in UTI Overnight Fund?
The minimum SIP amount is ₹500 making it accessible for regular investors to start systematic investments.
How do I invest in UTI Overnight Fund?
You can invest through Allvest platform online by completing KYC, choosing direct plan, and selecting lump sum or SIP investment mode.
How to start a SIP in UTI Overnight Fund?
Login to Allvest platform, select UTI Overnight Fund, choose SIP option, set amount (minimum ₹500), select frequency and start date.
How do I automate an SIP in UTI Overnight Fund?
Set up auto-debit mandate through Allvest platform by providing bank details and authorization for automatic monthly deductions for seamless investing.
How can I withdraw/redeem my investment in UTI Overnight Fund?
Submit redemption request through Allvest platform. With no exit load and T+1 settlement, funds are typically credited within 1-2 business days.
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