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3 star

IDBI Ultra Short Term Fund


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

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 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 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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(₹)
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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 2.73 0.08 0.21 0.82 1.26 2.54 10.74 6.41 6.73 7.28 --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 --
Debt: Ultra Short Duration 3.46 0.03 0.27 0.80 2.03 3.27 6.81 6.16 6.77 7.68 --
Rank within category 23 3 5 7 26 24 2 8 8 9 --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 12

As on 10-Jul-2020

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 10.74 6.41 6.73 0.67 169
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 8.27 7.86 8.20 0.45 11,830
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 7.55 7.64 7.57 0.49 9,750
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 7.43 7.36 7.59 0.78 9,189
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 7.61 -- -- 0.64 7,697

Best & Worst Performance

Best (Period) Worst (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 6.25 3.39 0.28 0.37 -2.38 -1.98
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.06 1.64 1.69 4.08 1.00 1.98
Rank within category 10 17 13 13 1 18
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 16 6 30
Modified Duration (yrs) 0.39 0.87 0.36 --
Average Maturity (yrs) 0.45 0.87 0.45 --
Yield to Maturity (%) 6.10 7.41 6.01 --

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 91-D 16/07/2020 Treasury Bills SOV 0.00 - 14.77 14.77
equal 9.21% Punjab National Bank Bonds A 6.14 - 14.14 9.84
equal 8.50% Vedanta 2021 Debenture AA 0.18 - 8.99 5.94
equal 11.00% JK Cement 24/01/2021 Debenture AA 3.30 - 8.87 4.50
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 1.10 - 3.10 2.19
equal 11.00% JK Cement 2020 Debenture AA 0.31 - 2.38 1.61

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-Jun-2020

*As on 31-May-2020

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:


0.08%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 2,100.8587

Dividend Weekly: ₹ 1,077.9654

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Dividend Monthly: ₹ 1,114.4873

Dividend Daily: ₹ 1,017.0054

Bonus: ₹ 2,100.9828


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
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 03-Sep-2010
Return Since Launch: 7.82%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 169 Cr (As on 30-Jun-2020)
Expense: 0.67% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.7796

 09-Jul-20200.2729
 08-Jul-20200.1855
 07-Jul-20200.5991
 06-Jul-20200.3244
 03-Jul-20200.2613
 02-Jul-20200.3041
 01-Jul-20200.2755
 30-Jun-20200.2505
 29-Jun-20200.3810
 26-Jun-20200.2033
 25-Jun-20200.3527
 19-Jun-20202.1441
 18-Jun-20200.3405
 08-Jun-20200.3900
 05-Jun-20200.0136
 27-May-20200.2155
 26-May-20200.8483
 22-May-20200.6734
 21-May-20200.7206
 20-May-20200.2190
 19-May-20200.8617
 18-May-20200.5552
 23-Apr-20200.9701
 22-Apr-20200.3871
Dividend Weekly06-Jul-20201.2340

 29-Jun-20201.7638
 22-Jun-20202.1255
 26-May-20202.6045
 18-May-20202.0212
 30-Mar-20201.9811
 02-Mar-20200.4787
 24-Feb-20201.8236
 10-Feb-20201.3308
 03-Feb-20200.8834
 27-Jan-20200.8361
 20-Jan-20200.7641
 13-Jan-20200.7130
 06-Jan-20200.8875
 30-Dec-20190.7568
 23-Dec-20190.9741
 16-Dec-20190.6456
 09-Dec-20190.0526
 02-Dec-20191.3440
 25-Nov-20191.1703
 18-Nov-20190.7929
 11-Nov-20190.5831
 04-Nov-20190.9245
 29-Oct-20190.8520
 22-Oct-20191.1031
Dividend Monthly25-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
 25-Apr-20194.4367
 25-Mar-20194.2658
 26-Feb-20192.4482
 28-Jan-20192.3711
 27-Dec-20184.0417
 27-Nov-20184.3304
 26-Oct-20182.4509
 28-Aug-20181.9192
 26-Jul-20182.1574
 26-Jun-20182.2436
 28-May-20181.2713
 26-Apr-20181.8895
 27-Mar-20182.2727
 27-Feb-20181.3999
 29-Jan-20181.5026
 27-Dec-20170.9740
 28-Nov-20171.5245

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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