1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
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:
|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
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Essel Ultra Short Term Fund||Feb-10||4.25||5.74||6.26||1.60||20|
|Aditya Birla Sun Life Savings Fund | Invest Online||Nov-01||7.38||7.71||8.01||0.48||14,532|
|HDFC Ultra Short Term Fund - Regular Plan | Invest Online||Sep-18||6.73||--||--||0.64||11,967|
|Kotak Savings Fund Regular Plan | Invest Online||Aug-04||6.29||7.11||7.32||0.77||11,072|
|SBI Magnum Ultra Short Duration Fund | Invest Online||May-99||6.39||7.43||7.35||0.49||10,122|
|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)|
|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
|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||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|ICICI Bank 18/12/2020||Certificate of Deposit||A1+||0.00 - 16.57||16.32|
|7.48% LIC Housing Fin. 2022||Bonds||AAA||7.15 - 10.53||10.34|
|Axis Bank 2021||Certificate of Deposit||A1+||0.00 - 9.98||9.83|
|ICICI Securities 90-D 17/11/2020||Commercial Paper||A1+||0.00 - 4.03||3.97|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Sep-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).
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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|
|Return Since Launch:||7.56%|
|Benchmark:||CRISIL Liquid TRI|
|Assets:||₹ 20 Cr (As on 30-Sep-2020)|
|Expense:||1.60% (As on 31-Aug-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 07-Mar-2019
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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]