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ICICI Prudential Ultra Short Term Fund

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Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 4.00 0.03 0.20 1.10 2.38 3.68 7.83 7.54 8.14 8.44 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.02 0.22 0.86 1.90 3.89 4.12 4.31 4.69 --
Debt: Ultra Short Duration 3.52 0.02 0.10 0.73 2.02 3.27 6.73 6.14 6.75 7.67 --
Rank within category 5 6 2 3 5 8 4 -- -- -- --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 12

As on 15-Jul-2020

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 7.83 7.54 8.14 1.02 5,571
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 8.20 7.84 8.19 0.45 11,830
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 7.48 7.64 7.56 0.49 9,750
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 7.34 7.33 7.57 0.78 9,189
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 7.56 -- -- 0.64 7,697

Best & Worst Performance

Best (Period) Worst (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 7.28 0.75 2.63 3.67 0.22 2.25
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 4 9 8 10 2 10
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 100 109 62 31
Modified Duration (yrs) 0.32 0.45 0.30 0.42
Average Maturity (yrs) 0.36 0.53 0.35 0.47
Yield to Maturity (%) 6.18 8.11 6.18 4.90

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 0.00 - 3.84 3.68
equal 8.40% JSW Energy 18/09/2020 Non Convertible Debenture AA- 0.00 - 3.83 3.60
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 3.38 3.18
equal Tata Value Homes 23/09/2022 Non Convertible Debenture AA 0.00 - 2.88 2.72
equal Motilal Oswal Home Finance 27/01/2024 Non Convertible Debenture AA 1.74 - 2.92 2.71
equal Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 2.84 2.68
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.79 2.64
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 2.41 2.29
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 2.39 2.25
equal Tata Motors 329-D 25/09/2020 Commercial Paper A1+ 0.00 - 2.34 2.22
equal Reliance Retail Ltd. 21/09/2020 Non Convertible Debenture AAA 0.00 - 2.18 2.06
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 1.91 1.85
up 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 3.29 1.83
up 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 1.83 1.83
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.00 - 1.89 1.82
equal Tata Realty and Infrastructure 259-D 28/09/2020 Commercial Paper A1+ 0.00 - 1.86 1.76
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 1.85 1.75
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.45 1.73
equal Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 1.81 1.72
down Writers and Publishers 30/04/2022 Non Convertible Debenture AA- 1.51 - 3.51 1.58
up 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 1.46 1.46
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 2.24 1.45
equal Adarsh Advisory Services Pvt. 2021 Zero Coupon Bonds A 1.23 - 2.08 1.41
equal Pune Solapur Expressways 31/03/2029 Debenture A 0.90 - 1.51 1.37
equal 7.28% Tata Motors 29/07/2020 Bonds/NCDs AA- 0.00 - 1.43 1.35

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

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.

Invest Now
0.03%

Change from previous, NAV as on 15-Jul-2020

Growth: ₹ 20.8469

Dividend Weekly: ₹ 10.0718

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Dividend Quarterly: ₹ 10.7275

Dividend Monthly: ₹ 10.7072

Dividend Half Yearly: ₹ 10.5171

Dividend Fortnightly: ₹ 10.1076

Dividend Daily: ₹ 10.1173

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 (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 03-May-2011
Return Since Launch: 8.30%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 5,571 Cr (As on 30-Jun-2020)
Expense: 1.02% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0018

 13-Jul-20200.0052
 10-Jul-20200.0024
 09-Jul-20200.0018
 08-Jul-20200.0019
 07-Jul-20200.0014
 06-Jul-20200.0050
 03-Jul-20200.0026
 02-Jul-20200.0023
 01-Jul-20200.0020
 30-Jun-20200.0016
 29-Jun-20200.0061
 26-Jun-20200.0019
 25-Jun-20200.0029
 24-Jun-20200.0020
 23-Jun-20200.0026
 22-Jun-20200.0052
 19-Jun-20200.0023
 18-Jun-20200.0018
 17-Jun-20200.0018
 16-Jun-20200.0020
 15-Jun-20200.0058
 12-Jun-20200.0019
 11-Jun-20200.0038
 09-Jun-20200.0020
Dividend Weekly13-Jul-20200.0234

 06-Jul-20200.0229
 29-Jun-20200.0246
 22-Jun-20200.0353
 15-Jun-20200.0097
 08-Jun-20200.0070
 01-Jun-20200.0083
 26-May-20200.0448
 18-May-20200.0279
 11-May-20200.0074
 20-Apr-20200.0086
 07-Apr-20200.0173
 30-Mar-20200.0091
 09-Mar-20200.0102
 02-Mar-20200.0066
 24-Feb-20200.0087
 17-Feb-20200.0094
 10-Feb-20200.0137
 03-Feb-20200.0100
 27-Jan-20200.0109
 20-Jan-20200.0092
 13-Jan-20200.0109
 06-Jan-20200.0122
 30-Dec-20190.0068
 23-Dec-20190.0101
Dividend Fortnightly30-Jun-20200.0640

 15-Jun-20200.0212
 29-May-20200.0631
 15-May-20200.0427
 15-Apr-20200.0041
 30-Mar-20200.0201
 16-Mar-20200.0027
 27-Feb-20200.0154
 14-Feb-20200.0276
 30-Jan-20200.0228
 15-Jan-20200.0242
 30-Dec-20190.0170
 16-Dec-20190.0230
 28-Nov-20190.0231
 15-Nov-20190.0292
 29-Oct-20190.0215
 15-Oct-20190.0352
 27-Sep-20190.0060
 16-Sep-20190.0090
 29-Aug-20190.0184
 16-Aug-20190.0251
 30-Jul-20190.0224
 15-Jul-20190.0295
 27-Jun-20190.0187
 14-Jun-20190.0220
Dividend Half Yearly26-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
Dividend Monthly26-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
 26-Feb-20190.0424
 29-Jan-20190.0552
 28-Dec-20180.0669
 26-Nov-20180.0576
 26-Oct-20180.0631
 26-Sep-20180.0316
 27-Aug-20180.0654
 27-Jul-20180.0634
 27-Jun-20180.0295
 30-May-20180.0359
Dividend Quarterly26-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
 26-Dec-20140.1845
 26-Sep-20140.1527
 26-Jun-20140.4094

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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