NRI from all over the world (including U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹2956.68
0.04%
NAV as on 18 Dec 24, 12:00 AM
moderate risk
money market
debt
NAV as on 18 Dec 24, 12:00 AM
moderate risk
money market
debt
7.72%p.a.
Last 1Y
6.66%p.a.
Last 3Y
5.95%p.a.
Last 5Y
7.27%p.a.
Since Inception
About UTI Money Market Fund - Plan - Growth Option for NRIs
NRIs can achieve long-term capital appreciation by investing in the UTI Money Market Fund - Plan - Growth Option scheme from UTI Asset Management Co Ltd. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Jul 2009, UTI Money Market Fund - Plan - Growth Option is Money Market fund of its category with 16,649.68 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- UTI Money Market Fund - Plan - Growth Option delivered 7.7% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- UTI Money Market Fund - Plan - Growth Option scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
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. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.
Top 10 Holdings
182 DTB 18102024
6.13%
182 D Tbill Mat - 14/02/2025
1.78%
Cd - Union Bank Of India - 02/04/25
1.18%
Axis Bank Ltd.
0.84%
08.09 Ts SDL 2025
0.81%
7.52% GJ Sdl 08/03/2025
0.60%
08.08 CG Sdl 2025
0.60%
HDFC Bank Ltd.
0.57%
08.09 Uk SDL 2025
0.30%
Union Bank of India
0.30%
Fund Managers
- Anurag Mittal (Dec 2021 - Present)
- Amit Sharma (Jul 2017 - Present)
Key Information
View Scheme Document
UTI Money Market Fund - Plan - Growth Option SIP Calculator
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NRI Mutual Fund Tax on UTI Money Market Fund - Plan - Growth Option
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in UTI Money Market Fund - Plan - Growth Option?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in UTI Money Market Fund - Plan - Growth Option
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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