VR Logo

3 star

Indiabulls Ultra Short Term Fund

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh


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 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.

Read more

Please wait...

Please wait...


Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.14 0.01 0.04 0.20 0.57 1.32 4.85 6.49 7.03 7.59 --
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 --
Debt: Ultra Short Duration 0.10 0.00 0.03 0.19 0.74 1.79 4.89 5.81 6.36 7.05 --
Rank within category 4 8 6 15 26 23 13 7 7 5 --
Number of funds in category 28 28 28 28 28 27 26 15 15 14 12

As on 22-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Indiabulls Ultra Short Term Fund
3 star
Jan-12 4.85 6.49 7.03 0.66 18
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 6.64 7.59 7.82 0.48 16,540
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 5.58 7.14 7.12 0.49 14,272
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.18 -- -- 0.64 14,228
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 5.52 6.93 7.12 0.76 12,428

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.90 (24-Mar-2020 - 31-Mar-2020) -0.75 (09-Jul-2013 - 16-Jul-2013)
Month 1.52 (24-Mar-2020 - 23-Apr-2020) -0.17 (24-Jun-2013 - 24-Jul-2013)
Quarter 2.72 (17-Feb-2012 - 21-May-2012) 0.55 (23-Oct-2020 - 22-Jan-2021)
Year 10.16 (13-Jan-2012 - 14-Jan-2013) 4.83 (23-Jan-2020 - 22-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.38 0.68 2.36 4.02 1.57 3.15
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Ultra Short Duration 5.88 1.60 1.75 3.34 1.14 2.23
Rank within category 9 8 8 9 15 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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 16 1 39
Modified Duration (yrs) -- 0.37 0.37 --
Average Maturity (yrs) 0.00 0.48 0.00 --
Yield to Maturity (%) 2.90 5.93 2.90 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Others CBLO -- - 93.99

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-Dec-2020

*As on 30-Nov-2020

Fund Manager

— Karan Singh since 30-May-2020

Education: Mr. Singh is B.A (Honours) in Economics, PGDBF & CFA - Level 1

Experience: Prior to joining IndiaBulls Mutual Fund he has worked with Taurus Corporate Advisory Services Ltd., DIOS Capital, Invesco Asset Management Company Ltd., Fidelity Investments and ICRA Ltd.

Funds Managed:


Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 2,007.8470

Dividend Weekly: ₹ 1,016.5460


Dividend Monthly: ₹ 1,017.9286

Dividend Fortnightly: ₹ 1,016.7887

Dividend Daily: ₹ 1,016.3732

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: 8.00%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 18 Cr (As on 31-Dec-2020)
Expense: 0.66% (As on 30-Nov-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Nov-20200.0499

Dividend Weekly17-Nov-20200.3773

Dividend Fortnightly10-Nov-20201.0808

Dividend Monthly26-Oct-20202.8085


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: http://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

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM