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ICICI Prudential Ultra Short Term Fund

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Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 8.10 0.64 1.99 8.60 7.59 8.35 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Ultra Short Duration 6.65 0.48 3.16 6.69 6.32 7.12 --
Rank within category 4 2 3 4 -- -- --
Number of funds in category 23 27 26 23 17 17 12

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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 7.22 0.67 2.14 3.20 1.48 3.92
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Ultra Short Duration 6.24 1.55 1.44 3.16 1.54 3.04
Rank within category 6 10 8 9 13 6
Number of funds in category 19 19 19 19 19 19

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 90 90 45 41
Modified Duration (yrs) 0.39 0.43 0.36 0.36
Average Maturity (yrs) 0.43 0.63 0.40 0.40
Yield to Maturity (%) 7.47 9.07 7.47 6.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.18% National Bank Agr. Rur. Devp 2020 Bonds/NCDs AAA 0.00 - 5.63 3.90
equal 8.57% NUVOCO Vistas Corp. 14/09/2020 Debenture AA 0.00 - 3.75 3.04
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 0.00 - 3.63 2.95
new 8.40% JSW Energy 18/09/2020 Non Convertible Debenture AA- 0.00 - 2.93 2.93
equal 8.75% Nabha Power 28/02/2020 Debenture AAA 0.00 - 2.77 2.43
equal 9.72% JSW Steel 23/12/2019 Debenture AA 2.34 - 4.81 2.34
equal 9.80% Ashoka Buildcon 30/04/2021 Non Convertible Debenture AA- 2.21 - 4.49 2.21
equal Tata Value Homes 23/09/2022 Non Convertible Debenture AA 0.00 - 2.72 2.20
equal Bahadur Chand Investments 16/01/2024 Floating Rate Debenture AA 0.00 - 3.87 2.20
equal Motilal Oswal Home Finance 27/01/2024 Non Convertible Debenture AA 0.00 - 3.87 2.20
down Writers and Publishers 30/04/2022 Non Convertible Debenture AA- 2.15 - 5.84 2.15
new AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.06 2.06
equal 8.53% TRIL IT4 24/04/2020 Debenture A+ 1.83 - 2.95 2.01
equal 8.25% Bharti Airtel 20/04/2020 Non Convertible Debenture AA 0.00 - 2.59 1.83
equal Samvardhana Motherson international 15/03/2020 Zero Coupon Bonds AA 1.78 - 3.31 1.78
equal 8.75% Muthoot Finance 24/06/2020 Debenture AA 0.00 - 2.48 1.76
new Tata Motors 329-D 25/09/2020 Commercial Paper A1+ 0.00 - 1.73 1.73
equal Bharti Telecom 19/02/2020 Debenture AA+ 0.00 - 2.70 1.69
equal 7.78% HDFC 24/03/2020 Debenture AAA 0.00 - 2.29 1.62
equal Adarsh Advisory Services Pvt. 2021 Zero Coupon Bonds A 1.61 - 2.98 1.61
equal Reliance Retail Ltd. 21/06/2020 Non Convertible Debenture AAA 0.00 - 1.95 1.61
new 8.85% Tata Capital Housing Finance 17/08/2020 Non Convertible Debenture AAA 0.00 - 1.48 1.48
new 8.29% Century Textiles & Inds. 15/04/2020 Bonds AA 0.00 - 1.47 1.47
equal AU Small Finance Bank 2019 Certificate of Deposit A1+ 1.46 - 2.77 1.46
equal HDFC 352-D 27/02/2020 Commercial Paper A1+ 0.00 - 2.04 1.45

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-Nov-2019

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
0.04%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 19.9826

Dividend Weekly: ₹ 10.0750

More

Dividend Quarterly: ₹ 10.8468

Dividend Monthly: ₹ 10.6828

Dividend Half Yearly: ₹ 10.8318

Dividend Fortnightly: ₹ 10.0879

Dividend Daily: ₹ 10.0644

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
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,829 Cr (As on 30-Nov-2019)
Expense: 0.94% (As on 31-Oct-2019)
Risk Grade: Low
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Dec-20190.0011

 11-Dec-20190.0019
 10-Dec-20190.0002
 09-Dec-20190.0043
 06-Dec-20190.0025
 04-Dec-20190.0001
 03-Dec-20190.0013
 02-Dec-20190.0041
 29-Nov-20190.0013
 28-Nov-20190.0007
 27-Nov-20190.0003
 26-Nov-20190.0065
 25-Nov-20190.0030
 22-Nov-20190.0015
 21-Nov-20190.0010
 20-Nov-20190.0015
 19-Nov-20190.0013
 18-Nov-20190.0042
 15-Nov-20190.0013
 14-Nov-20190.0017
 13-Nov-20190.0028
 11-Nov-20190.0040
 08-Nov-20190.0013
 07-Nov-20190.0021
 05-Nov-20190.0019
Dividend Fortnightly28-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
 30-May-20190.0307
 15-May-20190.0247
 30-Apr-20190.0146
 15-Apr-20190.0320
 28-Mar-20190.0174
 15-Mar-20190.0311
 27-Feb-20190.0130
 15-Feb-20190.0256
 30-Jan-20190.0212
 15-Jan-20190.0319
 28-Dec-20180.0310
 13-Dec-20180.0264
 29-Nov-20180.0051
Dividend Half Yearly26-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-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
 26-Apr-20180.0358
 23-Mar-20180.0295
 23-Feb-20180.0305
 25-Jan-20180.0305
 27-Dec-20170.0347
 24-Nov-20170.0295
Dividend Quarterly26-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
 26-Mar-20140.1198
 26-Dec-20130.0972
 26-Sep-20130.0120
Dividend Weekly09-Dec-20190.0052

 02-Dec-20190.0111
 25-Nov-20190.0100
 18-Nov-20190.0108
 11-Nov-20190.0067
 04-Nov-20190.0084
 29-Oct-20190.0073
 22-Oct-20190.0130
 14-Oct-20190.0097
 07-Oct-20190.0124
 30-Sep-20190.0109
 23-Sep-20190.0035
 16-Sep-20190.0093
 09-Sep-20190.0090
 03-Sep-20190.0117
 26-Aug-20190.0089
 19-Aug-20190.0076
 13-Aug-20190.0121
 05-Aug-20190.0133
 29-Jul-20190.0089
 22-Jul-20190.0096
 15-Jul-20190.0126
 08-Jul-20190.0154
 01-Jul-20190.0097
 24-Jun-20190.0107

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: 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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