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Indiabulls 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

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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(₹)
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cal

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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.32 0.45 1.48 7.79 7.22 7.88 --
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 12 16 17 12 8 5 --
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 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 7.00 0.44 2.77 5.39 1.11 3.07
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 9 3 4 4 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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 26 4 41
Modified Duration (yrs) -- -- -- 0.36
Average Maturity (yrs) 0.29 0.46 0.29 0.40
Yield to Maturity (%) 5.75 8.21 5.75 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 9.15% State Bank of India 31/12/2099 Bonds AAA 2.51 - 38.50 38.50
equal HDFC 351-D 13/08/2020 Commercial Paper A1+ 0.00 - 11.66 11.66
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 10.52 10.52
equal IDFC First Bank 25/06/2020 Certificate of Deposit A1+ 0.00 - 10.46 10.46
new Reliance Jio Infocomm 51-D 05/12/2019 Commercial Paper A1+ 0.00 - 9.45 9.45
equal 7.98% LIC Housing Fin. 15/05/2020 Debenture AAA 0.53 - 8.16 8.16
new Reliance Retail Ltd. 59-D 16/12/2019 Commercial Paper A1+ 0.00 - 1.35 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-Nov-2019

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:

0.00%

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

Growth: ₹ 1,904.5516

Dividend Weekly: ₹ 1,005.9749

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Dividend Monthly: ₹ 1,007.4827

Dividend Fortnightly: ₹ 1,006.1517

Dividend Daily: ₹ 1,005.5923

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
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 37 Cr (As on 30-Nov-2019)
Expense: 0.69% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Dec-20190.1238

 11-Dec-20190.0786
 10-Dec-20190.1681
 09-Dec-20190.2142
 04-Dec-20190.1035
 03-Dec-20190.1037
 02-Dec-20190.3200
 29-Nov-20190.1219
 28-Nov-20190.1756
 27-Nov-20190.1604
 26-Nov-20190.0469
 25-Nov-20190.3737
 22-Nov-20190.1142
 21-Nov-20190.1213
 20-Nov-20190.1278
 19-Nov-20190.1216
 18-Nov-20190.2838
 15-Nov-20190.1405
 14-Nov-20190.1324
 13-Nov-20190.2919
 11-Nov-20190.3437
 08-Nov-20190.0963
 07-Nov-20190.1191
 06-Nov-20190.0001
 04-Nov-20190.3527
Dividend Fortnightly10-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
 25-Jan-20192.5072
 10-Jan-20192.6786
 26-Dec-20182.7589
 10-Dec-20181.9909
Dividend Monthly25-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
 26-Dec-20172.5528
 27-Nov-20173.8347
Dividend Weekly09-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
 03-Sep-20191.0284
 26-Aug-20190.9420
 19-Aug-20190.6635
 13-Aug-20190.9167
 05-Aug-20190.9736
 29-Jul-20190.6095
 22-Jul-20191.0492
 15-Jul-20190.9625
 08-Jul-20191.4840
 01-Jul-20190.6755
 24-Jun-20190.9117

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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time12:30 PM - 01:00 PM

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