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2 star

IDBI Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 3.52 -0.02 0.02 0.84 1.46 2.39 4.55 6.10 6.45 7.12 --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 3.32 3.61 4.05 --
Debt: Ultra Short Duration 3.29 0.01 0.04 0.36 1.04 2.16 4.07 6.01 6.14 6.88 --
Rank within category 5 28 28 2 2 3 4 10 7 7 --
Number of funds in category 27 28 28 28 28 27 27 20 14 14 0

As on 21-Oct-2021

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 4.55 6.10 6.45 0.28% 328
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.25 6.98 7.10 0.34% 17,747
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.99 6.60 -- 0.34% 16,705
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.73 6.44 6.75 0.33% 12,698
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.62 6.28 6.62 0.31% 11,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 6.09 3.41 0.63 0.91 -0.74 1.69
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Ultra Short Duration 5.97 1.35 2.39 5.45 1.07 2.67
Rank within category 10 18 18 17 1 18
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-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 27 12 39
Modified Duration (yrs) 0.37 0.46 0.22 0.39
Average Maturity (yrs) 0.46 0.51 0.29 0.44
Yield to Maturity (%) 3.78 4.34 3.46 4.27
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
new NTPC 91-D 14/12/2021 Commercial Paper A1+ 0.00 - 7.57 7.57
equal Axis Finance 143-D 20/12/2021 Commercial Paper A1+ 0.00 - 7.56 7.56
new ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 7.56 7.56
new Reserve Bank of India 91-D 23/12/2021 Treasury Bills SOV 0.00 - 7.56 7.56
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 7.53 7.53
equal SBM Bank India 2022 Certificate of Deposit A1+ 0.00 - 7.50 7.50
new SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 7.49 7.49
new HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 7.49 7.49
new Tata Capital Financial Services 181-D 13/12/2021 Commercial Paper A1+ 0.00 - 1.51 1.51
equal 9.21% Punjab National Bank Additional Tier 1 Bond AA 1.02 - 6.00 1.38
equal 7.99% Tata Power Company 16/11/2022 Debenture AA 0.46 - 2.57 0.63
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 0.00 - 0.61 0.61
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 0.61 0.61
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 0.47 0.47
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 0.47 0.47
equal 6.95% Tata Motors 31/03/2026 Debenture AA- 0.00 - 0.46 0.46
new 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 0.25 0.25

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-Sep-2021

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:


-0.02%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 2,326.4294

IDCW Weekly: ₹ 1,089.7247

More

IDCW Monthly: ₹ 1,457.3275

IDCW Daily: ₹ 1,031.0314

Bonus: ₹ 2,325.2851


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.54%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 328 Cr (As on 30-Sep-2021)
Expense: 0.28% (As on 31-Aug-2021)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Oct-20210.0915

 18-Oct-20210.2320
 14-Oct-20210.1160
 13-Oct-20210.2264
 12-Oct-20210.1413
 11-Oct-20210.5066
 08-Oct-20210.1846
 07-Oct-20210.2062
 06-Oct-20210.0101
 05-Oct-20210.0093
 04-Oct-20210.3220
 01-Oct-20210.1922
 30-Sep-20212.7300
 29-Sep-20213.3094
 27-Sep-20210.2537
 24-Sep-20210.0929
 23-Sep-20210.0726
 22-Sep-20210.0589
 20-Sep-20210.1944
 17-Sep-20210.1278
 16-Sep-20210.1415
 15-Sep-20210.0367
 13-Sep-20210.3522
 09-Sep-20210.1602
 08-Sep-20210.0931
IDCW Weekly18-Oct-20210.6194

 11-Oct-20210.9969
 04-Oct-20216.9521
 27-Sep-20210.5257
 20-Sep-20210.4997
 13-Sep-20210.6345
 06-Sep-20210.7826
 30-Aug-20210.6797
 23-Aug-20210.5950
 17-Aug-20211.0249
 09-Aug-20210.4440
 02-Aug-20210.4965
 26-Jul-20210.5714
 19-Jul-20210.7404
 12-Jul-20210.8020
 05-Jul-20210.7635
 28-Jun-20210.7055
 21-Jun-20210.5232
 14-Jun-20210.6735
 07-Jun-20210.6421
 31-May-20210.5757
 24-May-20210.3931
 17-May-20210.5945
 10-May-20210.8790
 03-May-20210.2757
IDCW Monthly27-Sep-20213.9717

 25-Aug-20214.3432
 26-Jul-20214.5268
 25-Jun-20213.6292
 25-May-20214.0115
 26-Apr-20214.7429
 25-Mar-20212.5657
 25-Feb-20214.8743
 25-Jan-20214.7057
 28-Dec-20204.6675
 25-Nov-20207.1831
 26-Oct-20206.0490
 25-Sep-20205.4878
 25-Aug-20205.3702
 27-Jul-20209.8331
 25-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

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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