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Mutual Fund Publication

Indiabulls Ultra Short Term Fund

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Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 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 0.89 0.01 0.10 0.52 1.33 2.98 7.21 7.11 7.73 8.12 --
CCIL T Bill Liquidity Weight 0.55 0.02 0.05 0.31 0.85 1.81 4.08 4.11 4.45 4.77 --
Debt: Ultra Short Duration 0.79 0.01 0.11 0.54 1.27 2.93 6.50 6.19 6.97 7.84 --
Rank within category 15 26 17 16 14 15 13 8 5 5 --
Number of funds in category 28 29 29 28 27 26 24 17 17 15 13

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.46 (28-Mar-2016 - 04-Apr-2016) -0.75 (09-Jul-2013 - 16-Jul-2013)
Month 1.09 (25-Oct-2016 - 24-Nov-2016) -0.17 (24-Jun-2013 - 24-Jul-2013)
Quarter 2.72 (17-Feb-2012 - 21-May-2012) 1.12 (21-May-2013 - 20-Aug-2013)
Year 10.16 (13-Jan-2012 - 14-Jan-2013) 6.43 (26-Sep-2017 - 26-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.91 0.46 2.69 5.36 1.15 3.09
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Ultra Short Duration 6.14 1.64 1.35 3.07 1.48 2.85
Rank within category 10 4 4 5 7 12
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 20 4 40
Modified Duration (yrs) -- -- -- 0.36
Average Maturity (yrs) 0.46 0.47 0.29 0.43
Yield to Maturity (%) 5.68 8.04 5.51 6.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 70-D 17/03/2020 Treasury Bills SOV 0.00 - 15.48 15.48
new Indusind Bank 20/04/2020 Certificate of Deposit A1+ 0.00 - 9.62 9.62
new NTPC 91-D 24/04/2020 Commercial Paper A1+ 0.00 - 9.61 9.61
new SIDBI 182-D 16/07/2020 Commercial Paper A1+ 0.00 - 9.49 9.49
new National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 9.19 9.19
new HDFC 358-D 10/07/2020 Commercial Paper A1+ 0.00 - 7.96 7.96
new Andhra Bank 26/03/2020 Certificate of Deposit A1+ 0.00 - 7.15 7.15
new Export-Import Bank 180-D 27/05/2020 Commercial Paper A1+ 0.00 - 7.08 7.08
new Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 6.81 6.81
new 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 4.54 4.54
new 6.83% Power Finance Corp. 15/04/2020 Bonds AAA 0.00 - 3.90 3.90
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 14.04 1.96
new IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 1.95 1.95
equal HDFC 351-D 13/08/2020 Commercial Paper A1+ 0.00 - 12.09 1.70
equal IDFC First Bank 25/06/2020 Certificate of Deposit A1+ 0.00 - 10.86 1.52
equal 7.98% LIC Housing Fin. 15/05/2020 Debenture AAA 0.53 - 8.42 1.17

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-Jan-2020

Fund Manager

— Vikrant Mehta since 20-Jun-2019

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:

0.01%

Change from previous, NAV as on 26-Feb-2020

Growth: ₹ 1,925.6868

Dividend Weekly: ₹ 1,005.7002

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Dividend Monthly: ₹ 1,005.3233

Dividend Fortnightly: ₹ 1,005.9891

Dividend Daily: ₹ 1,005.6003

Investment Strategy

The scheme seeks to provide liquidity with returns commensurate with low risk through a portfolio of money market and debt securities such that the Macaulay duration of the portfolio is between 3 months-6 months.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 06-Jan-2012
Return Since Launch: 8.38%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 257 Cr (As on 31-Jan-2020)
Expense: 0.69% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Feb-20200.0846

 24-Feb-20200.4113
 20-Feb-20200.1433
 18-Feb-20200.1016
 17-Feb-20200.2997
 14-Feb-20200.1050
 13-Feb-20200.1826
 12-Feb-20200.1109
 11-Feb-20200.1893
 10-Feb-20200.3323
 07-Feb-20200.1619
 06-Feb-20200.4017
 05-Feb-20200.0918
 04-Feb-20200.1221
 03-Feb-20200.3187
 31-Jan-20200.0808
 30-Jan-20200.1167
 29-Jan-20200.0828
 28-Jan-20200.0843
 27-Jan-20200.2845
 24-Jan-20200.1482
 23-Jan-20200.1334
 22-Jan-20200.1438
 21-Jan-20200.0972
 20-Jan-20200.2873
Dividend Weekly24-Feb-20200.6570

 17-Feb-20200.8899
 10-Feb-20201.1086
 03-Feb-20200.6819
 27-Jan-20200.8061
 20-Jan-20200.5736
 13-Jan-20200.7743
 06-Jan-20200.8973
 30-Dec-20190.5763
 23-Dec-20190.5673
 16-Dec-20190.6505
 09-Dec-20190.4194
 02-Dec-20190.8279
 25-Nov-20190.9531
 18-Nov-20190.8010
 11-Nov-20190.5564
 04-Nov-20190.5940
 29-Oct-20190.8743
 22-Oct-20191.1349
 14-Oct-20190.9021
 07-Oct-20191.0953
 30-Sep-20190.9579
 23-Sep-20190.3257
 16-Sep-20190.9606
 09-Sep-20190.9417
Dividend Fortnightly10-Feb-20201.9018

 27-Jan-20201.4731
 10-Jan-20201.9321
 26-Dec-20191.3042
 10-Dec-20191.4465
 25-Nov-20191.6859
 11-Nov-20191.7861
 25-Oct-20192.3593
 10-Oct-20192.3854
 25-Sep-20191.0986
 11-Sep-20191.9348
 26-Aug-20191.8414
 13-Aug-20191.7554
 25-Jul-20192.1454
 10-Jul-20192.1034
 25-Jun-20191.7074
 10-Jun-20192.0301
 27-May-20192.3007
 12-May-20192.5297
 25-Apr-20191.4266
 10-Apr-20193.1359
 25-Mar-20192.1053
 11-Mar-20192.6702
 25-Feb-20191.8486
 11-Feb-20192.1087
Dividend Monthly27-Jan-20203.3985

 26-Dec-20192.7416
 25-Nov-20192.9607
 25-Oct-20194.5640
 25-Sep-20193.4345
 26-Aug-20194.2812
 25-Jul-20193.6497
 25-Jun-20194.6018
 27-May-20194.8490
 25-Apr-20194.8150
 25-Mar-20195.1805
 25-Feb-20193.9827
 25-Jan-20195.6405
 26-Dec-20184.7821
 26-Nov-20184.7282
 25-Oct-20184.7016
 25-Sep-20182.2454
 27-Aug-20184.5884
 25-Jul-20184.5409
 25-Jun-20184.5665
 25-May-20183.4210
 25-Apr-20183.8214
 26-Mar-20184.6068
 26-Feb-20183.8030
 25-Jan-201867.0162

Contact Information

AMC: Indiabulls Asset Management Company Ltd.

Address: Indiabulls Finance Centre - 11th Floor, Elphinstone Mills, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013

Phone: 022-61891300 / 1800-2666-002

Email: [email protected]

Website: www.indiabullsamc.com

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

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