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2 star

Navi Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 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

  • 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 2.64 0.00 0.05 0.32 0.64 1.46 2.81 4.93 5.78 6.58 --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 3.20 3.53 3.98 --
Debt: Ultra Short Duration 3.76 0.01 0.07 0.37 0.96 2.09 3.99 5.76 6.03 6.77 --
Rank within category 27 27 27 26 28 28 27 19 11 11 --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Navi Ultra Short Term Fund - Direct Plan
2 star
Jan-13 2.81 4.93 5.78 0.69% 21
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.08 6.71 6.97 0.34% 16,758
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.88 6.34 -- 0.34% 14,452
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.57 7.03 7.33 0.39% 11,896
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.63 6.17 6.63 0.33% 11,873

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.07 24-Mar-2020 - 31-Mar-2020 -0.61 17-Mar-2020 - 24-Mar-2020
Month 1.49 24-Mar-2020 - 23-Apr-2020 -0.51 25-Feb-2020 - 26-Mar-2020
Quarter 2.67 06-Sep-2013 - 09-Dec-2013 0.36 24-Dec-2019 - 24-Mar-2020
Year 9.99 30-Aug-2013 - 01-Sep-2014 2.78 02-Nov-2020 - 02-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.87 0.63 1.71 4.56 1.24 1.84
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.68 1.35 2.25 5.69 1.05 2.53
Rank within category 19 4 16 15 12 16
Number of funds in category 20 20 20 19 20 20

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 8 4 18
Modified Duration (yrs) 0.40 0.47 0.14 --
Average Maturity (yrs) 0.43 0.50 0.15 --
Yield to Maturity (%) 6.31 6.31 3.14 --
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 Reserve Bank of India 364-D 05/05/2022 Treasury Bills SOV 0.00 - 25.41 23.52
equal Reserve Bank of India 364-D 19/05/2022 Treasury Bills SOV 0.00 - 25.37 23.49
equal 7.48% LIC Housing Fin. 2022 Bonds AAA 7.40 - 10.67 9.76
new Reserve Bank of India 182-D 18/02/2022 Treasury Bills SOV 0.00 - 9.49 9.49
equal Northern ARC Capital 91-D 17/12/2021 Commercial Paper A1+ 0.00 - 4.75 4.75
equal L&T Finance 13/04/2022 Debenture AAA 0.00 - 3.75 3.43
new HDFC 29/05/2026 Debenture AAA 0.00 - 1.43 1.43

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-Oct-2021

Fund Manager

— Saravana Kumar since 21-Apr-2020

Education: Mr. Kumar has an Engineering degree in Electronics & Telecommunications. He is an MBA (Finance) from IIM Bangalore & is a CAIIB.

Experience: Prior to joining Navi Mutual Fund he has worked with LIC Mutual Fund, he had been Head of Investments at Trust Investment Advisors Pvt. Ltd.(Oct'13-April'15), CIO at AIA Life Insurance Co. Ltd.(Oct'09-Sept'13) , Dy. GM at ICICI Bank Ltd.(Mar'03-Sept'09) & Fund Manager at SBI(2001-2003).

Interviews:

Funds Managed:


0.00%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 2,358.3093

IDCW Weekly: ₹ 1,004.1921

More

IDCW Monthly: ₹ 1,025.6404

IDCW Daily: ₹ 1,006.7284


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Navi Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.20%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 21 Cr (As on 31-Oct-2021)
Expense: 0.69% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-Dec-20210.2646

 02-Dec-20210.1252
 01-Dec-20210.0756
 30-Nov-20210.1181
 29-Nov-20210.2137
 26-Nov-20210.1395
 25-Nov-20210.0844
 23-Nov-20210.1520
 22-Nov-20210.4396
 16-Nov-20210.0799
 15-Nov-20210.2833
 12-Nov-20210.2030
 11-Nov-20210.1945
 09-Nov-20210.0950
 08-Nov-20210.6747
 03-Nov-20210.1123
 25-Oct-20210.2512
 22-Oct-20210.2014
 21-Oct-20210.2120
 18-Oct-20210.2100
 14-Oct-20210.1200
 13-Oct-20210.0900
 12-Oct-20210.0682
 11-Oct-20210.2586
 04-Oct-20210.0763
IDCW Weekly06-Dec-20210.6822

 29-Nov-20210.5509
 22-Nov-20210.7585
 15-Nov-20210.8828
 08-Nov-20210.7073
 25-Oct-20210.5124
 18-Oct-20210.4962
 04-Oct-20210.3969
 27-Sep-20210.2690
 20-Sep-20210.5213
 13-Sep-20210.7644
 06-Sep-20210.6153
 30-Aug-20210.4633
 23-Aug-20210.5689
 17-Aug-20210.8849
 09-Aug-20210.5915
 02-Aug-20210.7232
 26-Jul-20210.8142
 19-Jul-20210.9217
 12-Jul-20210.6438
 05-Jul-20210.9668
 28-Jun-20210.3026
 14-Jun-20210.7594
 07-Jun-20210.6337
 31-May-20210.2853
IDCW Monthly26-Nov-20213.4270

 29-Oct-20213.4297
 24-Sep-20213.4355
 30-Jul-20213.4305
 25-Jun-20213.4293
 28-May-20213.4345
 30-Apr-20213.4389
 26-Mar-20213.4399
 26-Feb-20213.4450
 29-Jan-20213.4511
 24-Dec-20203.4561
 27-Nov-20203.4633
 29-Oct-20203.4665
 25-Sep-20203.4679
 28-Aug-20203.4703
 31-Jul-20203.4748
 26-Jun-20205.2187
 29-May-20205.2230
 24-Apr-20205.2163
 27-Mar-20203.7226
 28-Feb-20203.7623
 31-Jan-20203.7649
 27-Dec-20193.7643
 29-Nov-20193.7709
 25-Oct-20193.7700

Contact Information

AMC: Navi AMC Limited

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

Phone: 033-40185000 / 1800-103-8999

Fax: 033-40185010

Email: [email protected]

Website: http://www.navimutualfund.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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