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3 star

Indiabulls 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 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 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 a 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 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 4.37 0.01 0.05 0.21 0.81 2.65 5.91 6.82 7.33 7.91 --
CCIL T Bill Liquidity Weight 2.53 0.05 0.07 0.18 0.56 1.45 3.44 3.97 4.16 4.64 --
Debt: Ultra Short Duration 4.14 0.02 0.08 0.29 0.99 2.72 5.77 6.03 6.59 7.32 --
Rank within category 10 26 26 26 21 16 9 7 6 5 --
Number of funds in category 26 27 27 27 27 27 24 15 15 14 12

As on 30-Sep-2020

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 5.91 6.82 7.33 0.66 22
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.51 7.71 8.02 0.48 16,218
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.61 7.43 7.37 0.49 12,635
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.82 -- -- 0.64 11,891
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 6.50 7.13 7.35 0.77 11,176

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) 0.70 (26-May-2020 - 25-Aug-2020)
Year 10.16 (13-Jan-2012 - 14-Jan-2013) 5.96 (19-Sep-2019 - 18-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.63 0.61 2.59 4.80 1.38 3.17
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Ultra Short Duration 6.01 1.57 1.68 3.32 1.07 2.18
Rank within category 8 6 7 7 13 4
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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 16 1 37
Modified Duration (yrs) -- 0.37 0.37 0.34
Average Maturity (yrs) 0.31 0.48 0.29 0.42
Yield to Maturity (%) 3.43 6.32 3.43 4.50
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 Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 81.90 81.90

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-Aug-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:


0.01%

Change from previous, NAV as on 30-Sep-2020

Growth: ₹ 1,992.1478

Dividend Weekly: ₹ 1,012.7099

More

Dividend Monthly: ₹ 1,012.7257

Dividend Fortnightly: ₹ 1,012.6859

Dividend Daily: ₹ 1,012.5386


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: 8.21%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 22 Cr (As on 31-Aug-2020)
Expense: 0.66% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.0685

 29-Sep-20200.1081
 28-Sep-20200.2191
 25-Sep-20200.0809
 24-Sep-20200.0097
 23-Sep-20200.0156
 22-Sep-20200.0278
 21-Sep-20200.4259
 18-Sep-20200.0057
 17-Sep-20200.0790
 16-Sep-20200.0491
 15-Sep-20200.0238
 14-Sep-20200.2136
 11-Sep-20200.0309
 09-Sep-20200.0711
 08-Sep-20200.0483
 07-Sep-20200.2020
 04-Sep-20200.0707
 03-Sep-20200.0195
 02-Sep-20200.0796
 01-Sep-20200.2209
 31-Aug-20200.2104
 28-Aug-20200.0592
 27-Aug-20200.0714
 26-Aug-20200.0882
Dividend Fortnightly25-Sep-20201.1817

 10-Sep-20201.1099
 25-Aug-20201.2708
 10-Aug-20201.1958
 27-Jul-20200.8579
 10-Jul-20202.3481
 25-Jun-20201.4932
 26-May-20201.9682
 11-May-20203.6226
 27-Apr-20203.5171
 13-Apr-20202.1442
 26-Mar-20203.7363
 11-Mar-20201.2250
 25-Feb-20201.5248
 10-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
Dividend Monthly25-Sep-20202.3093

 25-Aug-20202.4865
 27-Jul-20203.2130
 25-Jun-20201.5049
 26-May-20204.8904
 27-Apr-20205.6541
 26-Mar-20204.9465
 25-Feb-20203.4163
 27-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
Dividend Weekly28-Sep-20200.3461

 21-Sep-20200.5889
 14-Sep-20200.3376
 07-Sep-20200.5623
 31-Aug-20200.4245
 24-Aug-20200.6436
 17-Aug-20200.5655
 10-Aug-20200.6227
 03-Aug-20200.4216
 27-Jul-20200.7917
 20-Jul-20200.0943
 13-Jul-20201.3121
 06-Jul-20201.2036
 29-Jun-20200.5111
 22-Jun-20200.8407
 26-May-20200.5574
 18-May-20201.3899
 11-May-20201.3692
 04-May-20200.7055
 27-Apr-20201.2426
 20-Apr-20203.4812
 07-Apr-20201.2642
 30-Mar-20204.0423
 09-Mar-20201.0682
 02-Mar-20200.4513

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

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