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Navi Ultra Short Term Fund download report


1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

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.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Navi Ultra Short Term-G 0.56 0.00 0.00 -0.07 0.27 0.85 1.85 3.34 4.58 5.38 6.51
CCIL T Bill Liquidity Weight* 0.55 0.03 0.00 -0.04 0.32 0.83 1.91 2.81 3.35 3.75 4.29
Debt: Ultra Short Duration* 0.97 -0.01 0.01 0.02 0.58 1.39 3.28 4.76 5.20 5.92 7.05
Rank within category* 27 2 19 27 27 27 27 21 12 12 11
Number of funds in category* 27 27 27 27 27 27 27 21 14 14 13

As on 13-May-2022

* As on 16-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Navi Ultra Short Term Fund
1 star
Feb-10 1.85 3.34 4.58 1.65% 13
Aditya Birla Sun Life Savings Fund  | Invest Online
4 star
Nov-01 3.66 5.77 6.51 0.49% 16,314
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.18 5.06 6.04 0.49% 14,144
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.28 5.24 -- 0.64% 14,076
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 3.59 5.67 6.34 0.87% 13,266

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 1.84 11-May-2021 - 11-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Navi Ultra Short Term-G 3.44 0.58 -0.15 -0.47 1.29 0.78
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Ultra Short Duration 4.80 1.07 1.54 4.68 1.09 2.01
Rank within category 21 6 21 21 13 18
Number of funds in category 21 21 21 21 21 21

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 7 3 41
Modified Duration (yrs) 0.24 0.47 0.15 --
Average Maturity (yrs) 0.25 0.50 0.16 --
Yield to Maturity (%) 3.85 16.95 3.47 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 364-D 02/03/2023 Treasury Bills SOV 0.00 - 37.73 37.73
equal Reserve Bank of India 364-D 19/05/2022 Treasury Bills SOV 0.00 - 31.11 21.13
equal 7.48% LIC Housing Fin. 2022 Bonds AAA 8.35 - 15.73 15.73

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-Apr-2022

*As on 31-Mar-2022

Fund Manager

— Surbhi Sharma since 11-Mar-2022

Education: Ms. Sharma is PGDM Finance & Company Secretary (ICSI)

Experience: Prior to joining Navi, she has worked with DCB Bank Ltd and has 6 years of post qualification experience as company secretary in Financial Services sector.

Funds Managed:


0.00%

Change from previous, NAV as on 13-May-2022

Growth: ₹ 2,239.8873

IDCW Monthly: ₹ 1,003.8358

IDCW Daily: ₹ 1,013.5227


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

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Navi Mutual Fund
Launch Date: 19-Feb-2010
Return Since Launch: 6.81%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 13 Cr (As on 30-Apr-2022)
Expense: 1.65% (As on 28-Feb-2022)
Risk Grade: Above Average
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.0648

 29-Apr-20220.1119
 27-Apr-20220.0249
 26-Apr-20220.0716
 25-Apr-20220.2270
 22-Apr-20220.0259
 21-Apr-20220.1272
 20-Apr-20220.1509
 19-Apr-20220.0366
 07-Apr-20220.0460
 06-Apr-20220.1019
 05-Apr-20220.0477
 04-Apr-20220.2764
 31-Mar-20220.1572
 30-Mar-20220.0690
 29-Mar-20220.0658
 28-Mar-20220.2603
 25-Mar-20220.0936
 24-Mar-20220.0794
 23-Mar-20220.0411
 22-Mar-20220.0513
 21-Mar-20220.2873
 17-Mar-20220.1131
 16-Mar-20220.0583
 15-Mar-20220.1428
IDCW Monthly29-Apr-20223.3614

 25-Mar-20223.3616
 25-Feb-20223.3614
 28-Jan-20223.3612
 31-Dec-20213.3597
 26-Nov-20213.3588
 29-Oct-20213.3585
 24-Sep-20213.3673
 25-Jun-20213.3579
 28-May-20213.3656
 30-Apr-20213.3723
 29-Jan-20213.3669
 24-Dec-20203.3739
 27-Nov-20203.3823
 29-Oct-20203.3869
 25-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
IDCW Weekly09-Nov-20200.4846

 02-Nov-20200.6227
 26-Oct-20200.2880
 19-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

Contact Information

AMC: Navi AMC Limited

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.navimutualfund.com

Registrar & Transfer Agent: KFin Technologies Ltd.

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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