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3 star

IDBI Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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
Fund 3.67 0.01 0.07 0.31 1.36 2.25 4.02 5.48 5.70 6.38 7.21
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 2.02 3.22 3.54 3.99 4.48
Debt: Ultra Short Duration 3.20 0.01 0.06 0.29 0.83 1.84 3.44 5.27 5.51 6.29 7.42
Rank within category 4 7 4 12 2 3 3 10 7 8 8
Number of funds in category 26 27 27 27 27 27 26 19 14 14 12

As on 01-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Ultra Short Term Fund
3 star
Sep-10 4.02 5.48 5.70 0.59% 336
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 3.89 6.62 6.77 0.48% 17,500
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.53 6.07 -- 0.64% 16,432
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.17 5.77 6.19 0.77% 13,153
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.35 5.88 6.38 0.49% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.68 24-Jun-2019 - 01-Jul-2019 -6.98 03-Jun-2019 - 10-Jun-2019
Month 5.27 21-Jun-2019 - 23-Jul-2019 -8.15 10-May-2019 - 10-Jun-2019
Quarter 11.11 20-Jun-2019 - 19-Sep-2019 -7.09 25-Mar-2019 - 24-Jun-2019
Year 15.79 20-Jun-2019 - 19-Jun-2020 -1.96 21-Jun-2018 - 21-Jun-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.40 3.40 0.48 0.67 -0.82 1.11
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.22 1.35 1.71 4.14 1.06 2.08
Rank within category 10 18 16 17 1 16
Number of funds in category 20 20 20 20 20 20

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 27 12 41
Modified Duration (yrs) 0.35 0.46 0.22 --
Average Maturity (yrs) 0.44 0.51 0.29 --
Yield to Maturity (%) 4.03 4.17 3.46 --
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 Bajaj Finance 91-D 17/11/2021 Commercial Paper A1+ 0.00 - 9.50 9.50
new 9.90% OCL India 30/03/2022 Bonds AA+ 0.00 - 7.58 7.58
equal NTPC 91-D 14/12/2021 Commercial Paper A1+ 0.00 - 7.57 7.40
equal Axis Finance 143-D 20/12/2021 Commercial Paper A1+ 0.00 - 7.56 7.39
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 7.53 7.37
new National Bank Agr. Rur. Devp 89-D 25/01/2022 Commercial Paper A1+ 0.00 - 7.37 7.37
equal SBM Bank India 2022 Certificate of Deposit A1+ 0.00 - 7.50 7.34
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 7.49 7.33
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 7.49 7.32
down Reserve Bank of India 91-D 23/12/2021 Treasury Bills SOV 0.00 - 7.56 5.92
equal Tata Capital Financial Services 181-D 13/12/2021 Commercial Paper A1+ 0.00 - 1.51 1.48
equal 9.21% Punjab National Bank Additional Tier 1 Bond AA 1.02 - 5.11 1.36
equal 7.99% Tata Power Company 16/11/2022 Debenture AA 0.46 - 2.16 0.61
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.39 - 0.61 0.59
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 0.39 - 0.61 0.59
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 0.47 0.46
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 0.47 0.46
equal 6.95% Tata Motors 31/03/2026 Debenture AA- 0.00 - 0.46 0.45
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 0.26 0.26

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 31-Oct-2021

Fund Manager

— Bhupesh Kalyani since 01-Feb-2017

Education: Mr. Kalyani is a CA, ICWA and CISA.

Experience: Prior to joining IDBI AMC he was with LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 2,228.4078

IDCW Weekly: ₹ 1,087.1118

More

IDCW Monthly: ₹ 1,114.3738

IDCW Daily: ₹ 1,017.0054

Bonus: ₹ 2,228.5409


Investment Strategy

The scheme seeks to provide investors with regular income for there investments by investing in Debt/ Money market instruments with relatively lower interest rate risk such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 03-Sep-2010
Return Since Launch: 7.38%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 336 Cr (As on 31-Oct-2021)
Expense: 0.59% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Nov-20210.1307

 29-Nov-20210.1701
 26-Nov-20210.1878
 25-Nov-20210.1159
 24-Nov-20210.1075
 23-Nov-20210.0363
 22-Nov-20210.3529
 18-Nov-20210.0721
 17-Nov-20210.1568
 16-Nov-20210.0905
 15-Nov-20210.2372
 12-Nov-20210.1395
 11-Nov-20210.1124
 10-Nov-20210.1304
 09-Nov-20210.1501
 08-Nov-20210.5839
 03-Nov-20210.1201
 02-Nov-20210.1037
 01-Nov-20210.2557
 29-Oct-20210.1623
 28-Oct-20210.0449
 25-Oct-20210.2921
 20-Oct-20210.0725
 18-Oct-20210.1932
 14-Oct-20210.1055
IDCW Weekly29-Nov-20210.6204

 22-Nov-20210.6215
 15-Nov-20210.6634
 08-Nov-20210.7508
 01-Nov-20210.5078
 25-Oct-20210.2939
 18-Oct-20210.5460
 11-Oct-20210.9004
 04-Oct-20216.8676
 27-Sep-20210.4390
 20-Sep-20210.4326
 13-Sep-20210.5526
 06-Sep-20210.7078
 30-Aug-20210.6167
 23-Aug-20210.5267
 17-Aug-20210.9336
 09-Aug-20210.3595
 02-Aug-20210.4200
 26-Jul-20210.5067
 19-Jul-20210.6673
 12-Jul-20210.7230
 05-Jul-20210.6987
 28-Jun-20210.6369
 21-Jun-20210.4577
 14-Jun-20210.6144
IDCW Monthly25-Nov-20213.2700

 25-Oct-20218.6238
 27-Sep-20212.7547
 25-Aug-20213.0562
 26-Jul-20213.2193
 25-Jun-20212.5132
 25-May-20212.8159
 26-Apr-20213.3535
 25-Mar-20211.7136
 25-Feb-20213.4668
 25-Jan-20213.3566
 28-Dec-20203.2809
 25-Nov-20205.2323
 26-Oct-20204.3150
 25-Sep-20203.8544
 25-Aug-20203.7824
 27-Jul-20207.1938
 25-Jun-20203.5410
 26-May-202010.3929
 25-Feb-20203.6918
 27-Jan-20204.0936
 26-Dec-20193.8805
 25-Nov-20194.2565
 25-Oct-20194.9200
 25-Sep-201920.2520

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

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

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