VR Logo

3 star

Essel Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up a year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.40 0.00 0.04 0.22 0.58 1.76 4.25 5.74 6.26 6.97 7.77
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Ultra Short Duration 4.48 0.01 0.08 0.41 1.03 2.55 5.64 6.00 6.56 7.26 7.97
Rank within category 25 24 28 27 27 25 24 11 10 11 7
Number of funds in category 26 28 28 27 27 27 25 15 15 14 12

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Essel Ultra Short Term Fund
3 star
Feb-10 4.25 5.74 6.26 1.60 20
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.38 7.71 8.01 0.48 14,532
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.73 -- -- 0.64 11,967
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 6.29 7.11 7.32 0.77 11,072
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.39 7.43 7.35 0.49 10,122

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.07 (24-Mar-2020 - 31-Mar-2020) -0.61 (17-Mar-2020 - 24-Mar-2020)
Month 1.45 (24-Mar-2020 - 23-Apr-2020) -0.54 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.86 (28-Jun-2011 - 27-Sep-2011) 0.24 (24-Dec-2019 - 24-Mar-2020)
Year 10.89 (24-Jun-2011 - 25-Jun-2012) 4.24 (24-Oct-2019 - 23-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.68 0.57 1.08 2.03 0.90 1.66
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Ultra Short Duration 6.01 1.57 1.68 3.32 1.07 2.18
Rank within category 12 4 11 11 7 11
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 9 4 35
Modified Duration (yrs) 0.24 0.40 0.24 0.37
Average Maturity (yrs) 0.26 0.48 0.26 0.45
Yield to Maturity (%) 3.44 5.67 3.39 4.54
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 16.57 16.32
equal 7.48% LIC Housing Fin. 2022 Bonds AAA 7.15 - 10.53 10.34
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 9.98 9.83
equal ICICI Securities 90-D 17/11/2020 Commercial Paper A1+ 0.00 - 4.03 3.97

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Saravana Kumar since 21-Apr-2020

Education: Mr. Kumar has an Engineering degree in Electronics & Telecommunications. He is an MBA (Finance) from IIM Bangalore & is a CAIIB.

Experience: Prior to joining Essel Mutual Fund he has worked with LIC Mutual Fund, he had been Head of Investments at Trust Investment Advisors Pvt. Ltd.(Oct'13-April'15), CIO at AIA Life Insurance Co. Ltd.(Oct'09-Sept'13) , Dy. GM at ICICI Bank Ltd.(Mar'03-Sept'09) & Fund Manager at SBI(2001-2003).

Interviews:

Funds Managed:


0.00%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 2,177.5534

Dividend Weekly: ₹ 1,003.5640

More

Dividend Monthly: ₹ 1,015.8258

Dividend Daily: ₹ 1,015.5702


Investment Strategy

The Scheme seeks to generate a optimal return and liquidity, from a portfolio constituted of money market securities and short term debt securities which results in a portfolio having marginally higher maturity compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Essel Mutual Fund
Launch Date: 19-Feb-2010
Return Since Launch: 7.56%
Benchmark: CRISIL Liquid TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 20 Cr (As on 30-Sep-2020)
Expense: 1.60% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Oct-20200.0367

 20-Oct-20200.2003
 19-Oct-20200.1658
 16-Oct-20200.0566
 15-Oct-20200.0537
 14-Oct-20200.0846
 13-Oct-20200.2488
 12-Oct-20200.6493
 09-Oct-20200.2381
 08-Oct-20200.0611
 07-Oct-20200.2219
 06-Oct-20200.2293
 05-Oct-20200.1551
 01-Oct-20200.1440
 30-Sep-20200.0956
 29-Sep-20200.0455
 28-Sep-20200.1110
 21-Sep-20200.5461
 18-Sep-20200.0722
 17-Sep-20200.0536
 16-Sep-20200.2340
 15-Sep-20200.0982
 14-Sep-20200.1220
 07-Sep-20200.1856
 03-Sep-20200.1329
Dividend Weekly19-Oct-20200.6013

 12-Oct-20200.6493
 05-Oct-20200.7305
 28-Sep-20200.2698
 21-Sep-20200.9284
 07-Sep-20200.4844
 24-Aug-20200.3920
 17-Aug-20201.0258
 10-Aug-20200.0399
 03-Aug-20200.8455
 27-Jul-20200.2618
 20-Jul-20200.9649
 13-Jul-20200.3193
 06-Jul-20201.2562
 29-Jun-20200.7722
 22-Jun-20201.5573
 15-Jun-20201.3186
 08-Jun-20200.0201
 26-May-20202.4818
 18-May-20202.4171
 11-May-20201.5358
 04-May-20200.1772
 27-Apr-20200.3933
 20-Apr-20202.5235
 13-Apr-20200.2044
Dividend Monthly25-Sep-20203.3900

 28-Aug-20203.3949
 31-Jul-20203.4015
 26-Jun-20205.1128
 29-May-20205.1203
 24-Apr-20205.1180
 28-Feb-20203.6753
 31-Jan-20203.6792
 27-Dec-20193.6810
 29-Nov-20193.6882
 25-Oct-20193.6882
 27-Sep-20193.6878
 30-Aug-20193.6930
 26-Jul-20193.6844
 28-Jun-20193.6809
 31-May-20193.6834
 26-Apr-20193.6757
 29-Mar-20193.6754
 22-Feb-20193.6697
 25-Jan-20193.6708
 28-Dec-20183.6710
 30-Nov-20183.6700
 28-Sep-20183.6429
 31-Aug-20183.6504
 27-Jul-20183.6487

Contact Information

AMC: Essel Finance AMC Ltd.

Address: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata - 700069

Phone: 033-40185000 / 1800-103-8999

Fax: 033-40185010

Email: [email protected]

Website: http://www.esselfinance.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

VR Helpline

Planning your portfolio

dateSaturday, 24-Oct-2020
time04:00 PM - 04:30 PM