ICICI Prudential Ultra Short Term Fund - Direct Plan

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Value Research Rating

5 star

Analyst’s Choice

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Riskometer

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Moderate

₹28.6608 0.03%

As on 06-Dec-2024

Returns

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Calculate SIP Returns of ICICI Prudential Ultra Short Term Fund - Direct Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Moderate risk.

Low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of ICICI Prudential Ultra Short Term Fund - Direct Plan

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of ICICI Prudential Ultra Short Term Fund - Direct Plan

Assets info

₹14,206 Cr

Exit Load (Days) info

--

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

1

Min. SIP Investment (₹)

1,000

Min. No of Cheques

6

Investment Strategy

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

Suitability

"Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.

They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.

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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run."

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 2 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 2 years from the date of investment: Gains are taxed at the rate of 12.5%.
  • No tax is to be paid as long as you continue to hold the units.

Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.

Dividend Taxation

  • 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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FAQ for ICICI Prudential Ultra Short Term Fund - Direct Plan

ICICI Prudential Ultra Short Term Fund - Direct Plan is mandated to invest in bonds such that the duration of the portfolio is between three to six months.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Ultra Short Term Fund - Direct Plan fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential Ultra Short Term Fund - Direct Plan is ₹28.6608 as of 09-Dec-2024.

The AUM of ICICI Prudential Ultra Short Term Fund - Direct Plan Fund is ₹14,206 Cr as of 31-Oct-2024

The riskometer level of ICICI Prudential Ultra Short Term Fund - Direct Plan is Moderate. See More

Company Percentage of Portfolio

Punjab National Bank CD 20/02/2025

4.13

Reserve Bank of India T-Bills 364-D 06/02/2025

2.77

National Bank For Agriculture & Rural Development CD 07/02/2025

2.76

Reserve Bank of India T-Bills 364-D 13/03/2025

2.75

RBL Bank Ltd CD 14/03/2025

2.74
See More

As of 31-Oct-2024, ICICI Prudential Ultra Short Term Fund - Direct Plan had invested 85.77% in Debt and 14.23% in Cash & Cash Eq. See More

ICICI Prudential Ultra Short Term Fund - Direct Plan is 11 years 11 months old. It has delivered 8.03% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
7.88%
6.70%
6.41%
6.98%
7.82%
8.03%

No, There is no lock in period in ICICI Prudential Ultra Short Term Fund - Direct Plan.

The expense ratio of ICICI Prudential Ultra Short Term Fund - Direct Plan is 0.39.