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2 star

IDBI Ultra Short Term Fund - Direct Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

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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(₹)
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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 2.95 0.08 0.22 0.85 1.36 2.75 11.22 7.08 7.47 7.93 --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 --
Debt: Ultra Short Duration 3.73 0.03 0.28 0.84 2.15 3.52 7.31 6.65 7.26 8.14 --
Rank within category 24 3 5 7 26 24 2 8 8 8 --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 0

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Ultra Short Term Fund - Direct Plan
2 star
Jan-13 11.22 7.08 7.47 0.26 169
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.41 8.00 8.34 0.33 11,830
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.72 7.79 7.69 0.33 9,750
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.91 7.77 7.99 0.34 9,189
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.51 8.18 9.05 0.39 5,571

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.69 (24-Jun-2019 - 01-Jul-2019) -6.98 (03-Jun-2019 - 10-Jun-2019)
Month 5.32 (21-Jun-2019 - 23-Jul-2019) -8.11 (10-May-2019 - 10-Jun-2019)
Quarter 11.25 (20-Jun-2019 - 19-Sep-2019) -6.97 (25-Mar-2019 - 24-Jun-2019)
Year 16.30 (20-Jun-2019 - 19-Jun-2020) -1.38 (21-Jun-2018 - 21-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.88 3.39 0.47 0.62 -2.38 -1.34
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.53 1.64 2.25 5.23 0.98 2.44
Rank within category 10 17 13 13 1 18
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 16 6 30
Modified Duration (yrs) 0.39 0.87 0.36 --
Average Maturity (yrs) 0.45 0.87 0.45 --
Yield to Maturity (%) 6.10 7.41 6.01 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 16/07/2020 Treasury Bills SOV 0.00 - 14.77 14.77
equal 9.21% Punjab National Bank Bonds A 6.14 - 14.14 9.84
equal 8.50% Vedanta 2021 Debenture AA 0.18 - 8.99 5.94
equal 11.00% JK Cement 24/01/2021 Debenture AA 3.30 - 8.87 4.50
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 1.10 - 3.10 2.19
equal 11.00% JK Cement 2020 Debenture AA 0.31 - 2.38 1.61

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-Jun-2020

*As on 31-May-2020

Fund Manager

— Bhupesh Kalyani since 01-Feb-2017

Education: Mr. Kalyani is a CA, ICWA and CISA.

Experience: Prior to joining IDBI AMC he was with LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.

Funds Managed:


0.08%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 2,192.4097

Dividend Weekly: ₹ 1,080.7161

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Dividend Monthly: ₹ 1,447.4171

Dividend Daily: ₹ 1,031.1905

Bonus: ₹ 2,191.3319


Investment Strategy

The scheme seeks to provide investors with regular income for there investments by investing in Debt/ Money market instruments with relatively lower interest rate risk such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.02%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 169 Cr (As on 30-Jun-2020)
Expense: 0.26% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.8018

 09-Jul-20200.2879
 08-Jul-20200.1993
 07-Jul-20200.6187
 06-Jul-20200.3628
 03-Jul-20200.2762
 02-Jul-20200.3196
 01-Jul-20200.2906
 30-Jun-20200.2652
 29-Jun-20200.4202
 26-Jun-20200.2177
 25-Jun-20200.4271
 19-Jun-20202.1856
 18-Jun-20200.3976
 17-Jun-20200.0635
 08-Jun-20200.4302
 05-Jun-20200.1180
 27-May-20200.2301
 26-May-20200.9065
 22-May-20200.6944
 21-May-20200.7423
 20-May-20200.2337
 19-May-20200.8852
 18-May-20200.8527
 23-Apr-20200.9952
Dividend Weekly06-Jul-20201.3401

 29-Jun-20201.8883
 22-Jun-20202.0853
 15-Jun-20200.1248
 26-May-20202.7461
 18-May-20202.7178
 30-Mar-20202.2618
 02-Mar-20200.5883
 24-Feb-20201.0797
 17-Feb-20200.9164
 10-Feb-20201.4613
 03-Feb-20201.0138
 27-Jan-20200.9423
 20-Jan-20200.9097
 13-Jan-20200.8341
 06-Jan-20200.9978
 30-Dec-20190.8658
 23-Dec-20191.0986
 16-Dec-20190.7669
 09-Dec-20190.1746
 02-Dec-20191.4303
 25-Nov-20191.3024
 18-Nov-20190.8949
 11-Nov-20190.7107
 04-Nov-20191.0496
Dividend Monthly25-Jun-20205.0690

 26-May-202014.9644
 25-Feb-20205.0558
 27-Jan-20205.6766
 26-Dec-20195.3884
 25-Nov-20195.8418
 25-Oct-20196.7803
 25-Sep-201928.5221
 25-Apr-20196.1642
 25-Mar-20195.9218
 26-Feb-20193.5234
 28-Jan-20193.2958
 27-Dec-20185.5601
 27-Nov-20185.9922
 26-Oct-20183.4310
 28-Aug-20182.7399
 26-Jul-20183.0379
 26-Jun-20183.1477
 28-May-20181.8959
 26-Apr-20182.6861
 27-Mar-20183.1449
 27-Feb-20182.0414
 29-Jan-20182.3252
 27-Dec-20171.6273
 28-Nov-20172.3885

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

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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