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Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 to the next one year in a Liquid fund.
Taxability of earnings:
|YTD||1 Month||3 Months||1 Years||3 Years||5 Years||10 Years|
|CCIL T Bill Liquidity Weight||4.21||0.30||0.89||4.41||4.19||4.52||--|
|Debt: Ultra Short Duration||6.65||0.48||3.16||6.69||6.32||7.12||--|
|Rank within category||19||27||24||18||10||10||--|
|Number of funds in category||23||27||26||23||17||17||12|
As on 13-Dec-2019
|Best (Period)||Worst (Period)|
|Month||1.28 (24-Jun-2011 - 26-Jul-2011)||-0.21 (22-Mar-2010 - 21-Apr-2010)|
|Quarter||2.86 (28-Jun-2011 - 27-Sep-2011)||0.59 (22-Feb-2010 - 24-May-2010)|
|Year||10.89 (24-Jun-2011 - 25-Jun-2012)||5.56 (22-Feb-2010 - 22-Feb-2011)|
|CCIL T Bill Liquidity Weight||4.11||0.25||-6.57||-10.84||--||--|
|Debt: Ultra Short Duration||6.24||1.55||1.44||3.16||1.54||3.04|
|Rank within category||12||5||11||11||3||14|
|Number of funds in category||19||19||19||19||19||19|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Nov-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||5||13||5||41|
|Modified Duration (yrs)||0.29||0.44||0.26||0.37|
|Average Maturity (yrs)||0.33||0.49||0.27||0.41|
|Yield to Maturity (%)||5.41||7.97||5.41||6.16|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|ICICI Bank 19/12/2019||Certificate of Deposit||A1+||0.00 - 10.77||10.77|
|AU Small Finance Bank 25/02/2020||Certificate of Deposit||A1+||0.00 - 11.65||10.65|
|8.70% HDFC 15/12/2020||Debenture||AAA||0.00 - 8.11||7.35|
|7.48% LIC Housing Fin. 2022||Bonds||AAA||0.00 - 7.98||7.25|
|8.36% REC 22/09/2020||Debenture||AAA||2.55 - 4.04||3.66|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
Education: Mr. Shah holds B.Com, MBA and CFA.
Experience: Prior to joining Essel Mutual Fund, he has worked with Acko General Insurance Ltd. as Investment Head, Taurus Mutual Fund as Fund Manager, CRISIL and I-Peritus Solutions & Services Pvt. Ltd. as Research Analyst.
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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.
|Minimum Investment (₹)||1,000|
|Minimum Addl Investment (₹)||100|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||1|
|Fund House:||Essel Mutual Fund|
|Assets:||₹ 28 Cr (As on 30-Nov-2019)|
|Expense:||1.05% (As on 30-Nov-2019)|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 07-Mar-2019
Fund News - 26-Dec-2017
Fund News - 16-Sep-2015
Fund News - 29-Apr-2015
Fundwire - 16-Jan-2014
AMC: Essel Finance AMC Ltd.
Address: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata - 700069
Phone: 033-40185000 / 1800-103-8999
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034
Email: [email protected]