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5 star

ICICI Prudential Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.06 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 2.15 0.01 0.12 0.45 1.35 2.38 6.25 7.75 8.11 9.00 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Ultra Short Duration 1.71 0.01 0.13 0.36 1.08 1.91 4.43 6.04 6.43 7.10 --
Rank within category 2 1 2 2 2 2 2 2 -- -- --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 6.25 7.75 8.11 0.39 9,949
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.61 7.44 7.55 0.34 18,100
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 5.01 -- -- 0.24 16,735
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.32 6.81 6.89 0.31 12,864
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.56 6.93 7.15 0.33 11,759

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.30 19-Aug-2013 - 26-Aug-2013 -3.26 12-Aug-2013 - 19-Aug-2013
Month 4.03 20-Aug-2013 - 19-Sep-2013 -4.62 19-Jul-2013 - 19-Aug-2013
Quarter 6.55 11-Mar-2014 - 10-Jun-2014 -7.27 20-May-2013 - 19-Aug-2013
Year 16.72 09-Apr-2014 - 09-Apr-2015 2.46 17-May-2013 - 19-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.50 0.75 4.24 6.29 0.69 3.73
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration 5.88 1.69 2.03 3.71 1.14 2.46
Rank within category 2 8 1 4 3 2
Number of funds in category 16 16 16 16 16 16

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 104 130 88 41
Modified Duration (yrs) 0.38 0.44 0.30 --
Average Maturity (yrs) 0.45 0.50 0.35 --
Yield to Maturity (%) 4.73 7.03 4.61 --
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 182-D 19/08/2021 Treasury Bills SOV 0.00 - 7.44 6.24
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 3.27 3.27
equal 8.15% REC 18/06/2021 Bonds/Debentures AAA 0.00 - 3.95 2.87
equal 9.23% Talwandi Sabo Power 30/07/2021 Debenture AA 0.23 - 2.49 2.38
equal Tata Power Perpetual Bond AA 0.00 - 2.33 2.23
up 6.22% HDFC 2021 Debenture AAA 0.00 - 2.16 2.16
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 2.86 2.06
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 2.05 - 3.68 2.05
equal Shriram Transport Finance 28/04/2023 Debenture AA+ 0.00 - 2.10 2.01
equal National Bank Agr. Rur. Devp 180-D 30/06/2021 Commercial Paper A1+ 0.00 - 2.39 2.00
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 1.87 1.54
equal Tata Value Homes 23/09/2022 Non Convertible Debenture AA 1.51 - 2.72 1.51
equal Motilal Oswal Home Finance 27/01/2024 Non Convertible Debenture AA 1.51 - 2.71 1.51
equal Tata Realty and Infrastructure 2021 Debenture AA 0.00 - 1.79 1.51
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 1.78 1.49
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 1.75 1.47
equal 8.75% Manappuram Finance 2022 Non Convertible Debenture AA 0.00 - 1.52 1.46
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.87 1.37
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 1.58 1.31
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 1.26 - 2.25 1.26
up 9.15% Coastal Gujarat Power 14/06/2021 Debenture AA 0.63 - 1.26 1.26
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 1.50 1.26
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.17 1.17
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 1.15 - 1.85 1.15
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 1.09 - 1.82 1.09

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-May-2021

*As on 30-Apr-2021

Fund Manager

— Manish Banthia since 07-Nov-2016

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:

— Ritesh Lunawat since 05-Jun-2017

Education: Mr. Lunawat is B.Com and Chartered Accountant.

Experience: He has been Working with ICICI Prudential AMC Since September 2013.

Funds Managed:


0.01%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 23.1068

IDCW Weekly: ₹ 10.0908

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IDCW Quarterly: ₹ 11.0094

IDCW Monthly: ₹ 10.7975

IDCW Half Yearly: ₹ 10.8276

IDCW Fortnightly: ₹ 10.1090

IDCW Daily: ₹ 10.0060


Investment Strategy

The scheme seeks to generate income through investments in a range of debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.73%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 9,949 Cr (As on 31-May-2021)
Expense: 0.39% (As on 30-Apr-2021)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.0013

 10-Jun-20210.0022
 09-Jun-20210.0023
 08-Jun-20210.0011
 07-Jun-20210.0049
 04-Jun-20210.0015
 03-Jun-20210.0014
 02-Jun-20210.0011
 01-Jun-20210.0015
 31-May-20210.0037
 28-May-20210.0022
 27-May-20210.0020
 25-May-20210.0025
 24-May-20210.0032
 21-May-20210.0018
 20-May-20210.0022
 19-May-20210.0010
 18-May-20210.0017
 17-May-20210.0036
 14-May-20210.0019
 12-May-20210.0018
 11-May-20210.0012
 10-May-20210.0032
 07-May-20210.0011
 06-May-20210.0016
IDCW Weekly07-Jun-20210.0105

 31-May-20210.0104
 24-May-20210.0100
 17-May-20210.0086
 10-May-20210.0070
 03-May-20210.0091
 26-Apr-20210.0122
 19-Apr-20210.0097
 12-Apr-20210.0092
 05-Apr-20210.0097
 30-Mar-20210.0162
 22-Mar-20210.0107
 15-Mar-20210.0083
 08-Mar-20210.0070
 01-Mar-20210.0087
 22-Feb-20210.0123
 15-Feb-20210.0118
 08-Feb-20210.0093
 01-Feb-20210.0079
 25-Jan-20210.0054
 11-Jan-20210.0070
 04-Jan-20210.0116
 28-Dec-20200.0082
 21-Dec-20200.0063
 14-Dec-20200.0085
IDCW Monthly31-May-20210.0428

 30-Apr-20210.0464
 31-Mar-20210.0107
 26-Mar-20210.0410
 26-Feb-20210.0497
 25-Jan-20210.0258
 28-Dec-20200.0359
 26-Nov-20200.0529
 26-Oct-20200.0702
 25-Sep-20200.0514
 26-Aug-20200.0632
 24-Jul-20200.0730
 26-Jun-20200.0927
 26-May-20200.1048
 27-Apr-20200.0597
 27-Feb-20200.0541
 27-Jan-20200.0548
 26-Dec-20190.0460
 26-Nov-20190.0609
 25-Oct-20190.0639
 26-Sep-20190.0443
 26-Aug-20190.0614
 26-Jul-20190.0604
 27-Jun-20190.0499
 29-May-20190.0625
IDCW Fortnightly28-May-20210.0203

 14-May-20210.0159
 30-Apr-20210.0227
 15-Apr-20210.0234
 30-Mar-20210.0269
 15-Mar-20210.0188
 26-Feb-20210.0175
 15-Feb-20210.0232
 29-Jan-20210.0129
 15-Jan-20210.0128
 30-Dec-20200.0177
 15-Dec-20200.0189
 27-Nov-20200.0163
 17-Nov-20200.0304
 29-Oct-20200.0214
 15-Oct-20200.0403
 30-Sep-20200.0229
 15-Sep-20200.0284
 28-Aug-20200.0248
 14-Aug-20200.0303
 30-Jul-20200.0188
 15-Jul-20200.0489
 30-Jun-20200.0668
 15-Jun-20200.0244
 29-May-20200.0657
IDCW Quarterly25-Mar-20210.1000

 28-Dec-20200.1576
 21-Sep-20200.1724
 26-Jun-20200.3178
 26-Mar-20200.0627
 26-Dec-20190.1637
 26-Sep-20190.1646
 26-Jun-20190.1600
 28-Mar-20190.1521
 28-Dec-20180.1776
 26-Sep-20180.1348
 26-Jun-20180.1090
 27-Mar-20180.1412
 27-Dec-20170.0973
 27-Sep-20170.1446
 30-Jun-20170.1477
 31-Mar-20170.1582
 29-Dec-20160.1761
 29-Sep-20160.2304
 29-Jun-20160.1667
 29-Mar-20160.1779
 29-Dec-20150.1699
 28-Sep-20150.1904
 26-Jun-20150.1674
 26-Mar-20150.1683
IDCW Half Yearly28-Dec-20200.3361

 26-Jun-20200.3780
 26-Dec-20190.3288
 26-Jun-20190.3203
 28-Dec-20180.3066
 27-Jun-20180.2655
 27-Dec-20170.2461
 28-Jun-20170.3226
 28-Dec-20160.4226
 28-Jun-20160.3793
 28-Dec-20150.2862

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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DateFriday, 18-Jun-2021
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