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Indiabulls Ultra Short Term Fund - Direct Plan

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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 7.72 0.48 1.58 8.21 7.67 8.40 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Ultra Short Duration 7.06 0.51 3.28 7.12 6.80 7.58 --
Rank within category 12 18 19 11 6 5 --
Number of funds in category 23 27 26 23 17 17 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.13 (25-Oct-2016 - 24-Nov-2016) -0.15 (24-Jun-2013 - 24-Jul-2013)
Quarter 2.85 (20-Aug-2013 - 19-Nov-2013) 1.21 (21-May-2013 - 20-Aug-2013)
Year 10.35 (26-Jul-2013 - 28-Jul-2014) 6.88 (26-Sep-2017 - 26-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.42 0.44 3.76 7.02 1.09 3.46
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Ultra Short Duration 6.70 1.55 2.02 4.16 1.53 3.48
Rank within category 8 3 4 4 6 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: ₹ 1,966.4657

Dividend Weekly: ₹ 1,006.0258

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Dividend Monthly: ₹ 1,007.6851

Dividend Fortnightly: ₹ 1,005.4201

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: 01-Jan-2013
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 37 Cr (As on 30-Nov-2019)
Expense: 0.29% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Dec-20190.0027

 12-Dec-20190.1320
 11-Dec-20190.0867
 10-Dec-20190.1756
 09-Dec-20190.2533
 04-Dec-20190.1110
 03-Dec-20190.1115
 02-Dec-20190.3438
 29-Nov-20190.1299
 28-Nov-20190.1837
 27-Nov-20190.1688
 26-Nov-20190.0563
 25-Nov-20190.3975
 22-Nov-20190.1227
 21-Nov-20190.1292
 20-Nov-20190.1360
 19-Nov-20190.1312
 18-Nov-20190.3074
 15-Nov-20190.1488
 14-Nov-20190.1416
 13-Nov-20190.3084
 11-Nov-20190.3679
 08-Nov-20190.1044
 07-Nov-20190.1276
 06-Nov-20190.0156
Dividend Fortnightly10-Dec-20191.5572

 25-Nov-20191.6540
 11-Nov-20191.5315
 25-Oct-20192.5861
 10-Oct-20192.5163
 25-Sep-20191.2106
 11-Sep-20192.2885
 26-Aug-20191.9570
 13-Aug-20192.6493
 25-Jul-20192.1540
 10-Jul-20192.6116
 25-Jun-20191.8252
 10-Jun-20192.1420
 27-May-20192.4417
 12-May-20192.5097
 25-Apr-20191.5445
 10-Apr-20193.5196
 25-Mar-20192.5959
 11-Mar-20192.7889
 25-Feb-20191.9596
 11-Feb-20192.2376
 25-Jan-20192.7658
 10-Jan-20193.1141
 26-Dec-20182.8926
 10-Dec-20182.1095
Dividend Monthly25-Nov-20193.1880

 25-Oct-20194.8211
 25-Sep-20193.4975
 26-Aug-20194.5291
 25-Jul-20193.8772
 25-Jun-20194.8182
 27-May-20195.0525
 25-Apr-20195.0671
 25-Mar-20195.3896
 25-Feb-20194.1964
 25-Jan-20195.8894
 26-Dec-20185.0070
 26-Nov-20184.9722
 25-Oct-20184.9223
 25-Sep-20182.4509
 27-Aug-20184.8378
 25-Jul-20184.7673
 25-Jun-20184.7569
 25-May-20183.5974
 25-Apr-20184.0762
 26-Mar-20184.8041
 26-Feb-20183.9848
 25-Jan-20183.9303
 26-Dec-20172.7317
 27-Nov-20174.0546
Dividend Weekly09-Dec-20190.4758

 02-Dec-20190.8812
 25-Nov-20191.0079
 18-Nov-20190.8595
 11-Nov-20190.6154
 04-Nov-20190.6410
 29-Oct-20190.9314
 22-Oct-20191.1985
 14-Oct-20190.9554
 07-Oct-20191.1490
 30-Sep-20191.0135
 23-Sep-20190.3778
 16-Sep-20191.0126
 09-Sep-20190.9893
 03-Sep-20191.0898
 26-Aug-20190.9957
 19-Aug-20190.7110
 13-Aug-20190.9809
 05-Aug-20191.0310
 29-Jul-20190.6653
 22-Jul-20191.1036
 15-Jul-20191.0110
 08-Jul-20191.5396
 01-Jul-20190.7290
 24-Jun-20190.9647

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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