Amandeep Chopra, Head of Fixed Income, UTI AMC said, “While expectations hovered around likely fiscal slippage, the Government surprised positively with an FD/GDP ratio at 3.5%, as envisaged earlier. We believe, the overall Budget broadly delivered on aspects of fiscal restraint, consolidation amidst the prerogative of implementing 7th pay commission, addressing rural concerns, various administrative and simplification reforms on the tax front. Delivering on the 3.5% increased hopes of a rate cut announcement from RBI, even outside the policy. In the current scenario, funds having the ability and flexibility to tap opportunities across the yield curve, like UTI Dynamic Bond Fund would benefit the investors.”
This fund can form part of an investor’s strategic debt allocation to build a balanced portfolio. The fund has outperformed the benchmark, CRISIL Composite Bond Fund Index across time horizons. The fund has generated a return of 9.41% against benchmark returns of 8.10% since inception (as December 31, 2015)