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Essel Ultra Short Term Fund - Direct Plan


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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.24 0.02 0.09 0.43 1.30 3.02 6.95 7.05 7.64 8.15 --
Debt: Ultra Short Duration 0.14 0.02 -0.06 0.35 1.32 3.36 7.01 6.66 7.48 8.29 --
Rank within category 25 21 9 24 23 22 18 10 10 10 --
Number of funds in category 28 28 28 28 26 26 23 17 17 15 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.16 (15-Jun-2018 - 17-Jul-2018) 0.08 (15-Jul-2013 - 14-Aug-2013)
Quarter 2.67 (06-Sep-2013 - 09-Dec-2013) 1.27 (03-Nov-2017 - 02-Feb-2018)
Year 9.99 (30-Aug-2013 - 01-Sep-2014) 6.45 (08-Jun-2017 - 08-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.89 0.50 2.36 5.44 0.87 2.60
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 12 5 11 10 4 14
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 13 5 40
Modified Duration (yrs) 0.40 0.44 0.26 0.37
Average Maturity (yrs) 0.45 0.49 0.28 0.45
Yield to Maturity (%) 5.61 7.97 5.41 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Axis Finance 61-D 18/02/2020 Commercial Paper A1+ 0.00 - 11.33 11.33
new ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 11.12 11.12
equal AU Small Finance Bank 25/02/2020 Certificate of Deposit A1+ 0.00 - 11.65 10.60
new Reliance Jio Infocomm 96-D 09/03/2020 Commercial Paper A1+ 0.00 - 9.53 9.53
new Reliance Retail Ltd. 97-D 09/03/2020 Commercial Paper A1+ 0.00 - 9.53 9.53
equal 8.70% HDFC 15/12/2020 Debenture AAA 5.11 - 8.11 7.26
equal 7.48% LIC Housing Fin. 2022 Bonds AAA 0.00 - 7.98 7.15
equal 8.36% REC 22/09/2020 Debenture AAA 2.55 - 4.04 3.62

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-2019

Fund Manager

— Archit Shah since 06-Mar-2019

Education: Mr. Shah holds B.Com, MBA and CFA.

Experience: Prior to joining Essel Mutual Fund, he has worked with Acko General Insurance Ltd. as Investment Head, Taurus Mutual Fund as Fund Manager, CRISIL and I-Peritus Solutions & Services Pvt. Ltd. as Research Analyst.

Funds Managed:


0.02%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 2,202.1857

Dividend Weekly: ₹ 1,004.6820

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Dividend Monthly: ₹ 1,043.1822

Dividend Daily: ₹ 1,006.6609


Investment Strategy

The Scheme seeks to generate a optimal return and liquidity, from a portfolio constituted of money market securities and short term debt securities which results in a portfolio having marginally higher maturity compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Essel Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.16%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 28 Cr (As on 31-Dec-2019)
Expense: 0.42% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.1037

 16-Jan-20200.1281
 15-Jan-20200.0769
 14-Jan-20200.0492
 13-Jan-20200.2872
 10-Jan-20200.0268
 09-Jan-20200.1642
 08-Jan-20200.1007
 07-Jan-20200.0367
 06-Jan-20200.2545
 03-Jan-20200.1897
 02-Jan-20200.1768
 01-Jan-20200.1310
 31-Dec-20190.1219
 30-Dec-20190.2798
 27-Dec-20190.1267
 26-Dec-20190.1029
 24-Dec-20190.0398
 23-Dec-20190.2618
 20-Dec-20190.1103
 19-Dec-20190.0666
 18-Dec-20190.2380
 17-Dec-20190.1467
 16-Dec-20190.2394
 13-Dec-20190.0527
Dividend Weekly13-Jan-20200.6121

 06-Jan-20200.8658
 30-Dec-20190.5446
 23-Dec-20190.7826
 17-Dec-20190.5392
 09-Dec-20190.3030
 02-Dec-20190.8143
 25-Nov-20190.8346
 18-Nov-20190.7853
 11-Nov-20190.5782
 04-Nov-20190.8155
 29-Oct-20190.7130
 22-Oct-20191.4373
 14-Oct-20190.8915
 07-Oct-20191.3105
 30-Sep-20190.8914
 23-Sep-20190.3266
 16-Sep-20190.5605
 09-Sep-20190.6858
 03-Sep-20191.0654
 26-Aug-20191.1540
 19-Aug-20190.5586
 13-Aug-20191.4193
 05-Aug-20191.4565
 29-Jul-20190.8952
Dividend Monthly27-Dec-20193.7643

 29-Nov-20193.7709
 25-Oct-20193.7700
 27-Sep-20193.7685
 30-Aug-20193.7727
 26-Jul-20193.7624
 28-Jun-20193.7571
 31-May-20193.7580
 26-Apr-20193.7481
 29-Mar-20193.7455
 22-Feb-20193.7371
 25-Jan-20193.7359
 28-Dec-20183.7329
 30-Nov-20183.7287
 26-Oct-20183.7182
 28-Sep-20183.7142
 31-Aug-20183.7198
 27-Jul-20183.7158
 29-Jun-20183.6970
 25-May-20183.6889
 27-Apr-20183.6966
 23-Mar-20183.7013
 23-Feb-20183.6965
 25-Jan-20182.4604
 29-Dec-20173.0755

Contact Information

AMC: Essel Finance AMC Ltd.

Address: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata - 700069

Phone: 033-40185000 / 1800-103-8999

Fax: 033-40185010

Email: [email protected]

Website: www.esselfinance.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

Upcoming Video

Value Investing

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dateSaturday, 25-Jan-2020
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