18
Jan
With the flexibility to take advantage of the yield movement at the shorter end (1 to 3-year segment) of the curve, UTI Short Term Income Fund is primarily an accrual-oriented income fund. The fund predominantly invests in high-quality CDs, CPs and corporate bonds with tactical exposure to sovereign instruments like G-Secs, SDLs, etc. to actively manage duration. The fund manager takes tactical exposure to G-Secs based on evolving market conditions and/or economic outlook, according to UTI sources. In the past quarter, the uptick in economic growth indicates the success of monetary easing and fiscal stimulus seen in past few months.…
