Expense ratio, exit load and tax
Expense ratio: 1.03%
Inclusive of GST
Exit load
Exit load of 2% for premature withdrawal
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within two years, returns are taxed as per your Income Tax slab. If you redeem after two years, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
Education
Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
Experience
Prior to joining UTI Mutual Fund, he worked with IDFC AMC, HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Managed Schemes
UTI Money Market Fund Direct Growth
UTI Short Duration Direct Growth
UTI Low Duration Fund Direct Growth
UTI Ultra Short Duration Fund Direct Growth
UTI Children's Hybrid Fund Direct Plan
UTI Unit Linked Insurance Plan Direct
UTI Banking & PSU Fund Direct Growth
UTI Corporate Bond Fund Direct Growth
IDFC Fixed Term Plan Series 160 Direct Growth
Education
Mr. Gada is B.com, CA, CS, & CFA
Experience
Prior to joining UTI Mutual Fund he has worked with BPCL as Senior Accounts Officer.
Managed Schemes
Education
Mr. Gupta has done MBA (Finance)
Experience
He has been working with UTI Mutual Fund since 2006