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Essel Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

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:

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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 6.02 0.34 1.17 6.39 6.35 6.95 --
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 & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.18 0.48 0.84 1.94 0.79 1.72
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

Portfolio Aggregates

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

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new ICICI Bank 19/12/2019 Certificate of Deposit A1+ 0.00 - 10.77 10.77
equal AU Small Finance Bank 25/02/2020 Certificate of Deposit A1+ 0.00 - 11.65 10.65
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 8.11 7.35
equal 7.48% LIC Housing Fin. 2022 Bonds AAA 0.00 - 7.98 7.25
equal 8.36% REC 22/09/2020 Debenture AAA 2.55 - 4.04 3.66

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-Nov-2019

Fund Manager

— Archit Shah since 06-Mar-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.

Funds Managed:


0.00%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 2,101.4603

Dividend Weekly: ₹ 1,003.8131

More

Dividend Monthly: ₹ 1,020.3314

Dividend Daily: ₹ 1,013.0675


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
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 28 Cr (As on 30-Nov-2019)
Expense: 1.05% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Dec-20190.0239

 12-Dec-20190.0910
 10-Dec-20190.1622
 09-Dec-20190.0080
 04-Dec-20190.0959
 03-Dec-20190.1213
 02-Dec-20190.2874
 29-Nov-20190.1529
 28-Nov-20190.0852
 27-Nov-20190.1271
 26-Nov-20190.0746
 25-Nov-20190.3022
 22-Nov-20190.1008
 21-Nov-20190.0709
 20-Nov-20190.1724
 19-Nov-20190.1372
 18-Nov-20190.2652
 15-Nov-20190.1552
 14-Nov-20190.0562
 13-Nov-20190.2373
 11-Nov-20190.2614
 08-Nov-20190.0699
 07-Nov-20190.1235
 06-Nov-20190.0573
 05-Nov-20190.0066
Dividend Monthly29-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
 29-Jun-20183.6320
 25-May-20183.6263
 27-Apr-20183.6358
 23-Mar-20183.6411
 23-Feb-20183.6307
 25-Jan-20182.4166
 29-Dec-20173.0225
 24-Nov-20172.4176
 27-Oct-20173.6298
Dividend Weekly09-Dec-20190.2252

 02-Dec-20190.7215
 25-Nov-20190.7781
 18-Nov-20190.7065
 11-Nov-20190.5160
 04-Nov-20190.6299
 29-Oct-20190.6218
 22-Oct-20191.0659
 14-Oct-20190.7870
 07-Oct-20191.0144
 30-Sep-20190.7416
 23-Sep-20190.2717
 16-Sep-20190.4166
 09-Sep-20190.7857
 03-Sep-20191.0584
 26-Aug-20191.1494
 19-Aug-20190.5049
 13-Aug-20191.2445
 05-Aug-20191.2093
 29-Jul-20190.8288
 22-Jul-20190.8916
 15-Jul-20191.0837
 08-Jul-20191.6189
 01-Jul-20190.6248
 24-Jun-20190.7245

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: www.esselfinance.com

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

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM