NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

UTI Money Market Fund - Plan - Growth Option for NRI [2865.77]

Min Investment

500

Fund Size

14,308.33 Cr

Expense Ratio

0.3%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

2865.77

0.02%

NAV as on 14 Jul 24, 12:00 AM

moderate risk

money market

debt

NAV as on 14 Jul 24, 12:00 AM

moderate risk

money market

debt

7.55%p.a.

Last 1Y

6.09%p.a.

Last 3Y

5.94%p.a.

Last 5Y

7.26%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 14,308.33 Cr fund under management as on Jul 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 7.5% 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

Canara Bank

5.64%

India (Republic of)

4.82%

182 DTB 12122024

3.73%

ICICI Bank Ltd.

2.33%

India (Republic of)

2.15%

Kotak Mahindra Bank Ltd.

2.01%

AU Small Finance Bank Ltd.

1.66%

Kotak Mahindra Bank Ltd.

1.34%

Union Bank of India

1.33%

Kotak Mahindra Bank Ltd.

1.01%

Fund Managers

  1. Anurag Mittal (Dec 2021 - Present)
  2. Amit Sharma (Jul 2017 - Present)

Key Information

View Scheme Document

UTI Money Market Fund - Plan - Growth Option SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Frequently Asked Questions