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4 star

ICICI Prudential Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.06 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 1.19 0.01 0.08 0.45 1.09 2.11 6.13 7.08 7.47 8.85 --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 --
Debt: Ultra Short Duration 0.91 0.01 0.06 0.36 0.84 1.64 4.56 5.44 6.04 6.75 --
Rank within category 3 12 2 3 3 2 2 -- -- -- --
Number of funds in category 27 27 27 27 27 27 26 14 14 14 12

As on 16-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Ultra Short Term Fund  | Invest Now
4 star
May-11 6.13 7.08 7.47 0.97 8,288
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 5.78 -- -- 0.64 17,221
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 6.50 7.27 7.51 0.51 16,098
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 5.10 6.59 6.86 0.77 11,180
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 5.14 6.86 6.89 0.49 9,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.28 19-Aug-2013 - 26-Aug-2013 -3.27 12-Aug-2013 - 19-Aug-2013
Month 3.97 20-Aug-2013 - 19-Sep-2013 -4.68 19-Jul-2013 - 19-Aug-2013
Quarter 6.57 11-Mar-2014 - 10-Jun-2014 -7.45 20-May-2013 - 19-Aug-2013
Year 16.25 09-Apr-2014 - 09-Apr-2015 1.29 17-Aug-2012 - 19-Aug-2013

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.92 0.75 3.24 4.74 0.65 3.01
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Ultra Short Duration 5.56 1.63 1.60 2.92 1.16 2.11
Rank within category 3 9 2 7 3 6
Number of funds in category 17 17 17 17 17 17

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

As on 31-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 105 130 76 38
Modified Duration (yrs) 0.38 0.44 0.30 --
Average Maturity (yrs) 0.43 0.52 0.35 --
Yield to Maturity (%) 4.91 7.98 4.61 --
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 Reserve Bank of India 182-D 19/08/2021 Treasury Bills SOV 0.00 - 7.44 7.44
equal 8.15% REC 18/06/2021 Bonds/Debentures AAA 0.00 - 3.95 3.47
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 2.86 2.49
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 2.29 - 3.84 2.47
equal National Bank Agr. Rur. Devp 180-D 30/06/2021 Commercial Paper A1+ 0.00 - 2.39 2.39
new 8.79% GOI 2021 Central Government Loan SOV 0.00 - 1.87 1.87
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 2.06 1.84
equal Tata Value Homes 23/09/2022 Non Convertible Debenture AA 1.68 - 2.88 1.81
equal Motilal Oswal Home Finance 27/01/2024 Non Convertible Debenture AA 1.67 - 2.87 1.81
equal Tata Realty and Infrastructure 2021 Debenture AA 0.00 - 1.79 1.79
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 1.78 1.78
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 1.75 1.75
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.87 1.65
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 1.58 1.58
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 1.52 1.52
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 1.39 - 2.39 1.51
equal Jhajjar Power 77-D 12/05/2021 Commercial Paper A1+ 0.00 - 1.50 1.50
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 1.50 1.50
equal Birla Group Holdings 89-D 17/05/2021 Commercial Paper A1+ 0.00 - 1.50 1.50
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 1.20 - 1.91 1.34
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 1.18 - 1.89 1.30
equal 11.50% Tata Steel Perpetual Bond AA- 0.00 - 1.40 1.29
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 1.22 1.22
new 8.25% DLF 25/03/2024 Debenture A+ 0.00 - 1.20 1.20
equal 7.85% Tata Motors Finance Solutions 14/10/2022 Non Convertible Debenture AA- 0.00 - 1.21 1.20

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-Mar-2021

*As on 28-Feb-2021

Fund Manager

— Manish Banthia since 07-Nov-2016

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:

— Ritesh Lunawat since 05-Jun-2017

Education: Mr. Lunawat is B.Com and Chartered Accountant.

Experience: He has been Working with ICICI Prudential AMC Since September 2013.

Funds Managed:


0.01%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 21.6081

IDCW Weekly: ₹ 10.0732

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IDCW Quarterly: ₹ 10.7346

IDCW Monthly: ₹ 10.6703

IDCW Half Yearly: ₹ 10.5970

IDCW Fortnightly: ₹ 10.0663

IDCW Daily: ₹ 10.0491


Investment Strategy

The scheme seeks to generate income through investments in a range of debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 03-May-2011
Return Since Launch: 8.04%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 8,288 Cr (As on 31-Mar-2021)
Expense: 0.97% (As on 28-Feb-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Apr-20210.0013

 15-Apr-20210.0039
 12-Apr-20210.0030
 08-Apr-20210.0010
 07-Apr-20210.0011
 06-Apr-20210.0030
 05-Apr-20210.0062
 31-Mar-20210.0025
 30-Mar-20210.0067
 26-Mar-20210.0011
 25-Mar-20210.0023
 24-Mar-20210.0029
 23-Mar-20210.0017
 22-Mar-20210.0038
 19-Mar-20210.0031
 18-Mar-20210.0009
 17-Mar-20210.0009
 16-Mar-20210.0008
 15-Mar-20210.0022
 12-Mar-20210.0026
 10-Mar-20210.0013
 09-Mar-20210.0011
 08-Mar-20210.0029
 05-Mar-20210.0005
 04-Mar-20210.0002
IDCW Fortnightly15-Apr-20210.0208

 30-Mar-20210.0244
 15-Mar-20210.0160
 26-Feb-20210.0157
 15-Feb-20210.0204
 29-Jan-20210.0107
 15-Jan-20210.0102
 30-Dec-20200.0152
 15-Dec-20200.0160
 27-Nov-20200.0147
 17-Nov-20200.0272
 29-Oct-20200.0192
 15-Oct-20200.0378
 30-Sep-20200.0204
 15-Sep-20200.0254
 28-Aug-20200.0224
 14-Aug-20200.0277
 30-Jul-20200.0160
 15-Jul-20200.0426
 30-Jun-20200.0640
 15-Jun-20200.0212
 29-May-20200.0631
 15-May-20200.0427
 15-Apr-20200.0041
 30-Mar-20200.0201
IDCW Weekly12-Apr-20210.0081

 05-Apr-20210.0088
 30-Mar-20210.0148
 22-Mar-20210.0096
 15-Mar-20210.0072
 08-Mar-20210.0058
 01-Mar-20210.0076
 22-Feb-20210.0111
 15-Feb-20210.0107
 08-Feb-20210.0082
 01-Feb-20210.0067
 25-Jan-20210.0032
 11-Jan-20210.0059
 04-Jan-20210.0104
 28-Dec-20200.0071
 21-Dec-20200.0051
 14-Dec-20200.0075
 07-Dec-20200.0047
 01-Dec-20200.0072
 23-Nov-20200.0105
 17-Nov-20200.0119
 09-Nov-20200.0104
 02-Nov-20200.0083
 26-Oct-20200.0100
 19-Oct-20200.0161
IDCW Monthly31-Mar-20210.0098

 26-Mar-20210.0357
 26-Feb-20210.0437
 25-Jan-20210.0207
 28-Dec-20200.0300
 26-Nov-20200.0470
 26-Oct-20200.0641
 25-Sep-20200.0457
 26-Aug-20200.0563
 24-Jul-20200.0668
 26-Jun-20200.0856
 26-May-20200.0980
 27-Apr-20200.0479
 27-Feb-20200.0496
 27-Jan-20200.0503
 26-Dec-20190.0418
 26-Nov-20190.0565
 25-Oct-20190.0599
 26-Sep-20190.0402
 26-Aug-20190.0570
 26-Jul-20190.0564
 27-Jun-20190.0460
 29-May-20190.0585
 30-Apr-20190.0565
 26-Mar-20190.0493
IDCW Quarterly25-Mar-20210.0847

 28-Dec-20200.1393
 21-Sep-20200.1547
 26-Jun-20200.2958
 26-Mar-20200.0511
 26-Dec-20190.1511
 26-Sep-20190.1521
 26-Jun-20190.1474
 28-Mar-20190.1391
 28-Dec-20180.1662
 26-Sep-20180.1220
 26-Jun-20180.0958
 27-Mar-20180.1281
 27-Dec-20170.0856
 27-Sep-20170.1321
 30-Jun-20170.1331
 31-Mar-20170.1351
 29-Dec-20160.1523
 29-Sep-20160.2068
 29-Jun-20160.1879
 29-Mar-20160.1506
 29-Dec-20150.1408
 28-Sep-20150.1634
 26-Jun-20150.1564
 26-Mar-20150.1580
IDCW Half Yearly28-Dec-20200.3005

 26-Jun-20200.3414
 26-Dec-20190.3046
 26-Jun-20190.2947
 28-Dec-20180.2835
 27-Jun-20180.2391
 27-Dec-20170.2220
 28-Jun-20170.2844
 28-Dec-20160.3744
 28-Jun-20160.3278
 28-Dec-20150.3158
 26-Jun-20150.3275
 26-Dec-20140.1827
 26-Sep-20140.1511
 26-Jun-20140.5582
 26-Dec-20130.2449
 24-May-20130.3504
 27-Dec-20120.3191
 27-Jun-20120.1338
 26-Dec-20110.3059

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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