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IDBI Ultra Short Term Fund download report

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Debt: Ultra Short Duration

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
IDBI Ultra Short Term-G 1.01 -0.01 0.04 0.06 0.64 1.46 3.74 5.35 5.51 6.05 6.89
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* 12 14 4 6 7 10 3 4 7 8 8
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)
IDBI Ultra Short Term Fund
2 star
 Sep-10 3.74 5.35 5.51 0.58% 260
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 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
IDBI Ultra Short Term-G 4.81 3.39 0.38 0.57 -1.23 0.46
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 10 21 18 18 1 20
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 18 21 12 41
Modified Duration (yrs) 0.36 0.42 0.17 0.35
Average Maturity (yrs) 0.42 0.49 0.21 0.38
Yield to Maturity (%) 4.45 4.45 3.46 4.51
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
equal Axis Bank 20/06/2022 Certificate of Deposit A1+ 0.00 - 9.57 9.57
equal GIC Housing Fin. 155-D 17/06/2022 Commercial Paper A1+ 0.00 - 9.56 9.56
equal Indian Bank 29/06/2022 Certificate of Deposit A1+ 0.00 - 9.56 9.56
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 9.55 9.55
down Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 15.71 9.54
new KEC International 152-D 20/07/2022 Commercial Paper A1+ 0.00 - 9.52 9.52
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 9.50 9.50
equal HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 9.49 9.49
equal Reserve Bank of India 182-D 08/09/2022 Treasury Bills SOV 0.00 - 9.48 9.48
equal Reliance Retail Ventures 179-D 09/09/2022 Commercial Paper A1+ 0.00 - 9.47 9.47
new 9.00% SAIL 14/10/2024 Bonds AA 0.00 - 2.10 2.10
equal 7.99% Tata Power Company 16/11/2022 Debenture AA 0.46 - 0.78 0.78
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.44 - 0.75 0.75
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 0.44 - 0.75 0.75
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 0.59 0.59
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.34 - 0.58 0.58
equal 6.95% Tata Motors 31/03/2026 Debenture AA- 0.00 - 0.57 0.57
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 0.33 0.33

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

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 13-May-2022

Growth: ₹ 2,257.0445

IDCW Weekly: ₹ 1,088.3783

More

IDCW Monthly: ₹ 1,113.9113

IDCW Daily: ₹ 1,015.4885

Bonus: ₹ 2,257.1812

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. 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: 7.21%
Benchmark: CRISIL Ultra Short Duration Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 260 Cr (As on 30-Apr-2022)
Expense: 0.58% (As on 30-Apr-2022)
Risk Grade: High
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.3445

 29-Apr-20220.0740
 28-Apr-20220.0213
 27-Apr-20220.1347
 26-Apr-20220.0684
 25-Apr-20220.2940
 22-Apr-20220.0703
 21-Apr-20220.1632
 20-Apr-20220.1474
 19-Apr-20220.2680
 18-Apr-20220.3757
 07-Apr-20220.0852
 06-Apr-20220.1760
 05-Apr-20220.1505
 04-Apr-20220.5291
 31-Mar-20220.1954
 30-Mar-20220.1350
 29-Mar-20220.1395
 28-Mar-20220.3242
 25-Mar-20220.1798
 24-Mar-20220.2194
 23-Mar-20220.0684
 22-Mar-20220.0877
 21-Mar-20220.4146
 17-Mar-20220.1679
IDCW Monthly25-Apr-20222.9947

 25-Mar-20222.7926
 25-Feb-20223.2749
 25-Jan-20222.6704
 27-Dec-20212.9808
 25-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
IDCW Weekly25-Apr-20220.7204

 18-Apr-20220.4911
 11-Apr-20220.0493
 04-Apr-20220.9194
 28-Mar-20220.8475
 21-Mar-20220.7401
 14-Mar-20220.6162
 07-Mar-20220.3566
 28-Feb-20220.6570
 21-Feb-20220.5986
 14-Feb-20220.9243
 08-Feb-20220.5745
 31-Jan-20220.4809
 24-Jan-20220.4903
 17-Jan-20220.5699
 10-Jan-20220.5629
 03-Jan-20220.6276
 27-Dec-20210.6758
 20-Dec-20210.3681
 13-Dec-20210.7541
 06-Dec-20210.5875
 29-Nov-20210.6204
 22-Nov-20210.6215
 15-Nov-20210.6634
 08-Nov-20210.7508

Contact Information

AMC: IDBI Asset Management Ltd.

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

Fax: 022-66442801

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

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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