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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
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.96 | 0.03 | -0.06 | 0.89 | 0.83 | 2.34 | 7.52 | 6.37 | 6.74 | 7.29 | -- |
| CCIL T Bill Liquidity Weight | 1.77 | -0.01 | 0.01 | 0.24 | 1.17 | 1.99 | 4.13 | 4.19 | 4.39 | 4.73 | -- |
| Debt: Ultra Short Duration | 2.60 | 0.01 | 0.02 | 0.83 | 1.61 | 2.95 | 6.24 | 6.08 | 6.75 | 7.65 | -- |
| Rank within category | 25 | 3 | 27 | 13 | 26 | 24 | 3 | 8 | 8 | 9 | -- |
| Number of funds in category | 27 | 28 | 28 | 28 | 28 | 27 | 23 | 16 | 16 | 14 | 12 |
As on 03-Jun-2020
| 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 | 9.89 (05-Aug-2011 - 06-Aug-2012) | -1.96 (21-Jun-2018 - 21-Jun-2019) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 6.27 | 3.39 | 0.26 | 0.34 | -2.73 | -2.48 |
| CCIL T Bill Liquidity Weight | 4.15 | 0.27 | -4.64 | -8.65 | -- | -- |
| Debt: Ultra Short Duration | 6.07 | 1.64 | 1.61 | 3.84 | 1.16 | 2.12 |
| 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 31-May-2020
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Number of Securities | 7 | 23 | 7 | 32 |
| Modified Duration (yrs) | 0.43 | 0.87 | 0.26 | -- |
| Average Maturity (yrs) | 0.50 | 0.87 | 0.34 | -- |
| Yield to Maturity (%) | 6.70 | 7.94 | 6.01 | -- |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
|
9.21% Punjab National Bank | Bonds | A | 0.00 - 14.14 | 14.14 |
|
|
Bandhan Bank 2020 | Certificate of Deposit | A1+ | 0.00 - 13.14 | 13.14 |
|
8.50% Vedanta 2021 | Debenture | AA | 0.16 - 8.99 | 8.99 |
|
Tata Power 62-D 22/06/2020 | Commercial Paper | A1+ | 0.00 - 8.71 | 8.71 |
|
|
11.00% JK Cement 24/01/2021 | Debenture | AA | 3.30 - 8.87 | 6.63 |
|
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8.75% Axis Bank 28/06/2022 | Bonds | AA+ | 0.94 - 3.10 | 3.10 |
|
|
11.00% JK Cement 2020 | Debenture | AA | 0.31 - 2.38 | 2.38 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Apr-2020
— 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:
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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.
| 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 |
| 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: | ₹ 114 Cr (As on 30-Apr-2020) |
| Expense: | 0.67% (As on 30-Apr-2020) |
| Risk Grade: | Above Average |
| Return Grade: | Average |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend Daily | 27-May-2020 | 0.2155 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend Monthly | 26-May-2020 | 10.3929 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend Weekly | 26-May-2020 | 2.6045 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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: 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
Friday, 12-Jun-2020
12:30 PM - 01:00 PM