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2 star

IDBI Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 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 4.03 0.01 0.07 0.37 1.44 2.42 4.33 5.85 6.33 7.02 --
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 5 9 12 14 3 3 5 10 7 7 --
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)
IDBI Ultra Short Term Fund - Direct Plan
2 star
Jan-13 4.33 5.85 6.33 0.27% 336
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 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 5.82 3.41 0.60 0.84 -0.77 1.56
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 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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 21 27 12 44
Modified Duration (yrs) 0.35 0.46 0.22 --
Average Maturity (yrs) 0.44 0.51 0.29 --
Yield to Maturity (%) 4.03 4.17 3.46 --
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 9.90% OCL India 30/03/2022 Bonds AA+ 0.00 - 7.58 7.56
equal NTPC 91-D 14/12/2021 Commercial Paper A1+ 0.00 - 7.57 7.43
equal Axis Finance 143-D 20/12/2021 Commercial Paper A1+ 0.00 - 7.56 7.42
equal National Bank Agr. Rur. Devp 89-D 25/01/2022 Commercial Paper A1+ 0.00 - 7.40 7.40
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 7.53 7.39
new Reliance Jio Infocomm 91-D 11/02/2022 Commercial Paper A1+ 0.00 - 7.38 7.38
equal SBM Bank India 2022 Certificate of Deposit A1+ 0.00 - 7.50 7.38
new HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 7.37 7.37
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 7.49 7.36
new LIC Housing Fin. 120-D 08/03/2022 Commercial Paper A1+ 0.00 - 7.36 7.36
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 7.49 7.35
equal Reserve Bank of India 91-D 23/12/2021 Treasury Bills SOV 0.00 - 7.56 5.94
equal Tata Capital Financial Services 181-D 13/12/2021 Commercial Paper A1+ 0.00 - 1.51 1.49
equal 9.21% Punjab National Bank Additional Tier 1 Bond AA 1.02 - 5.11 1.35
equal 7.99% Tata Power Company 16/11/2022 Debenture AA 0.46 - 2.16 0.61
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 0.39 - 0.61 0.59
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.39 - 0.61 0.59
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 0.47 0.46
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 0.47 0.46
equal 6.95% Tata Motors 31/03/2026 Debenture AA- 0.00 - 0.46 0.45
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 0.26 0.26

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-Nov-2021

*As on 31-Oct-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:


0.01%

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

Growth: ₹ 2,337.8565

IDCW Weekly: ₹ 1,090.6088

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IDCW Monthly: ₹ 1,448.2726

IDCW Daily: ₹ 1,031.1905

Bonus: ₹ 2,336.7065


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: 7.48%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 336 Cr (As on 30-Nov-2021)
Expense: 0.27% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-Dec-20210.1062

 06-Dec-20210.2258
 03-Dec-20210.1090
 02-Dec-20210.1539
 01-Dec-20210.1242
 30-Nov-20210.1415
 29-Nov-20210.1995
 26-Nov-20210.1994
 25-Nov-20210.1265
 24-Nov-20210.1179
 23-Nov-20210.0458
 22-Nov-20210.3941
 18-Nov-20210.0820
 17-Nov-20210.1680
 16-Nov-20210.1008
 15-Nov-20210.2676
 12-Nov-20210.1505
 11-Nov-20210.1230
 10-Nov-20210.1412
 09-Nov-20210.1612
 08-Nov-20210.6372
 03-Nov-20210.1308
 02-Nov-20210.1141
 01-Nov-20210.2864
 29-Oct-20210.1735
IDCW Weekly06-Dec-20210.6549

 29-Nov-20210.6847
 22-Nov-20210.6986
 15-Nov-20210.7293
 08-Nov-20210.8348
 01-Nov-20210.5683
 25-Oct-20210.3518
 18-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
IDCW Monthly25-Nov-20214.6206

 25-Oct-202111.5272
 27-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

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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