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IDBI Ultra Short Term Fund - Direct Plan


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 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 2.08 0.07 0.39 0.43 1.08 2.78 8.31 7.12 7.54 7.96 --
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 4.26 4.43 4.75 --
Debt: Ultra Short Duration 2.68 0.09 0.33 0.71 1.77 3.31 6.99 6.62 7.28 8.12 --
Rank within category 23 23 7 26 26 24 2 8 8 8 --
Number of funds in category 27 28 28 28 28 26 23 16 16 14 0

As on 22-May-2020

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 9.93 (20-Aug-2013 - 20-Aug-2014) -1.38 (21-Jun-2018 - 21-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.81 3.39 0.40 0.50 -2.66 -2.15
CCIL T Bill Liquidity Weight 4.16 0.26 -5.00 -9.29 -- --
Debt: Ultra Short Duration 6.47 1.61 2.09 4.61 1.30 2.71
Rank within category 10 16 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-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 23 7 33
Modified Duration (yrs) 0.43 0.87 0.26 --
Average Maturity (yrs) 0.50 0.87 0.34 --
Yield to Maturity (%) 6.70 7.94 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
equal 9.21% Punjab National Bank Bonds A 0.00 - 14.14 14.14
equal Bandhan Bank 2020 Certificate of Deposit A1+ 0.00 - 13.14 13.14
up 8.50% Vedanta 2021 Debenture AA 0.16 - 8.99 8.99
new Tata Power 62-D 22/06/2020 Commercial Paper A1+ 0.00 - 8.71 8.71
equal 11.00% JK Cement 24/01/2021 Debenture AA 3.30 - 8.87 6.63
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 0.94 - 3.10 3.10
up 11.00% JK Cement 2020 Debenture AA 0.31 - 2.38 2.38

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-Apr-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:


0.07%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 2,173.7485

Dividend Weekly: ₹ 1,079.4917

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Dividend Monthly: ₹ 1,455.0922

Dividend Daily: ₹ 1,031.1905

Bonus: ₹ 2,172.6800


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: 8.05%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 114 Cr (As on 30-Apr-2020)
Expense: 0.26% (As on 30-Apr-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-May-20200.6944

 21-May-20200.7423
 20-May-20200.2337
 19-May-20200.8852
 18-May-20200.8527
 23-Apr-20200.9952
 22-Apr-20200.5362
 21-Apr-20200.0643
 07-Apr-20200.0330
 03-Apr-20200.0139
 31-Mar-20200.7026
 30-Mar-20200.2276
 27-Mar-20201.2937
 06-Mar-20200.1732
 05-Mar-20200.0435
 04-Mar-20200.3882
 03-Mar-20200.1547
 02-Mar-20200.2993
 27-Feb-20200.1016
 26-Feb-20200.1087
 25-Feb-20200.1108
 24-Feb-20200.7688
 20-Feb-20200.2108
 18-Feb-20200.0080
 17-Feb-20200.4242
Dividend Weekly18-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
 29-Oct-20190.9390
 22-Oct-20191.2288
 14-Oct-20190.8754
 07-Oct-20190.9492
 30-Sep-20191.1622
Dividend Monthly25-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
 26-Oct-20173.2476
 27-May-20145.8651

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: 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

Upcoming Video

Investors' Hangout

Debt funds and the crisis

dateFriday, 29-May-2020
time12:30 PM - 01:00 PM