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ICICI Prudential Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 1.83 0.07 0.27 0.43 1.72 3.93 8.40 8.12 9.07 9.28 --
CCIL T Bill Liquidity Weight 1.06 0.04 0.19 0.48 1.06 1.96 4.08 4.14 4.40 4.76 --
Debt: Ultra Short Duration 1.43 0.06 0.20 0.50 1.35 2.96 6.51 6.59 7.35 8.19 --
Rank within category 3 16 2 23 3 1 2 -- -- -- --
Number of funds in category 28 29 29 29 28 26 24 17 17 15 0

As on 03-Apr-2020

Best & Worst Performance

Best (Period) Worst (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 7.86 0.58 3.96 6.54 1.06 3.88
CCIL T Bill Liquidity Weight 4.07 0.27 -5.49 -9.70 -- --
Debt: Ultra Short Duration 6.55 1.65 1.99 4.39 1.34 2.99
Rank within category 2 9 2 8 7 5
Number of funds in category 19 19 19 19 19 19

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

As on 31-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 109 109 46 41
Modified Duration (yrs) 0.42 0.45 0.37 0.38
Average Maturity (yrs) 0.49 0.59 0.40 0.45
Yield to Maturity (%) 7.20 8.90 7.20 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.90% Nabha Power 2020 Debenture AAA 0.00 - 2.88 2.62
equal 8.57% NUVOCO Vistas Corp. 14/09/2020 Debenture AA 0.00 - 3.75 2.41
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 0.00 - 3.63 2.36
equal 8.40% JSW Energy 18/09/2020 Non Convertible Debenture AA- 0.00 - 2.93 2.32
new Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 2.19 2.19
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 2.24 2.05
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.93 1.76
equal Tata Value Homes 23/09/2022 Non Convertible Debenture AA 0.00 - 2.72 1.75
equal Motilal Oswal Home Finance 27/01/2024 Non Convertible Debenture AA 1.74 - 3.74 1.74
equal 9.80% Ashoka Buildcon 30/04/2021 Non Convertible Debenture AA- 1.74 - 3.75 1.74
equal 9.60% Aadhar Housing Finance 29/09/2021 Non Convertible Debenture AA 0.00 - 1.88 1.72
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.06 1.66
equal 8.53% TRIL IT4 24/04/2020 Debenture A+ 1.60 - 2.49 1.60
down Writers and Publishers 30/04/2022 Non Convertible Debenture AA- 1.51 - 4.87 1.51
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.48 1.48
new 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 1.46 1.46
equal 8.25% Bharti Airtel 20/04/2020 Non Convertible Debenture AA 0.00 - 2.59 1.45
equal Samvardhana Motherson international 15/03/2020 Zero Coupon Bonds AA 1.44 - 2.84 1.44
equal Tata Motors 329-D 25/09/2020 Commercial Paper A1+ 0.00 - 1.73 1.40
equal 8.75% Muthoot Finance 24/06/2020 Debenture AA 0.00 - 2.48 1.40
equal 8.37% REC 14/08/2020 Bonds AAA 0.00 - 1.48 1.35
equal Adarsh Advisory Services Pvt. 2021 Zero Coupon Bonds A 1.31 - 2.55 1.31
equal Reliance Retail Ltd. 21/06/2020 Non Convertible Debenture AAA 0.00 - 1.95 1.30
equal 7.78% HDFC 24/03/2020 Debenture AAA 0.00 - 2.29 1.28
equal Tata Housing Devp. Co. 26/12/2022 Zero Coupon Bonds AA 0.00 - 1.40 1.18

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 29-Feb-2020

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.


0.07%

Change from previous, NAV as on 03-Apr-2020

Growth: ₹ 21.4882

Dividend Weekly: ₹ 10.0967

More

Dividend Quarterly: ₹ 10.9601

Dividend Monthly: ₹ 10.8325

Dividend Half Yearly: ₹ 10.7594

Dividend Fortnightly: ₹ 10.1007

Dividend Daily: ₹ 10.0382

Bonus: ₹ 16.0551


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 (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.14%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 8,612 Cr (As on 29-Feb-2020)
Expense: 0.45% (As on 29-Feb-2020)
Risk Grade: Low
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Apr-20200.0084

 31-Mar-20200.0022
 30-Mar-20200.0054
 27-Mar-20200.0096
 16-Mar-20200.0091
 11-Mar-20200.0034
 09-Mar-20200.0076
 05-Mar-20200.0016
 04-Mar-20200.0006
 03-Mar-20200.0011
 02-Mar-20200.0048
 28-Feb-20200.0016
 27-Feb-20200.0013
 26-Feb-20200.0016
 25-Feb-20200.0016
 24-Feb-20200.0069
 20-Feb-20200.0036
 18-Feb-20200.0014
 17-Feb-20200.0043
 14-Feb-20200.0017
 13-Feb-20200.0009
 12-Feb-20200.0022
 11-Feb-20200.0035
 10-Feb-20200.0044
 07-Feb-20200.0018
Dividend Fortnightly30-Mar-20200.0219

 16-Mar-20200.0049
 27-Feb-20200.0170
 14-Feb-20200.0280
 30-Jan-20200.0221
 15-Jan-20200.0261
 30-Dec-20190.0187
 16-Dec-20190.0251
 28-Nov-20190.0120
 15-Nov-20190.0166
 29-Oct-20190.0210
 15-Oct-20190.0373
 27-Sep-20190.0071
 16-Sep-20190.0279
 29-Aug-20190.0196
 16-Aug-20190.0256
 30-Jul-20190.0241
 15-Jul-20190.0293
 27-Jun-20190.0200
 14-Jun-20190.0236
 30-May-20190.0328
 15-May-20190.0263
 30-Apr-20190.0161
 15-Apr-20190.0339
 28-Mar-20190.0194
Dividend Weekly30-Mar-20200.0117

 09-Mar-20200.0111
 02-Mar-20200.0073
 24-Feb-20200.0096
 17-Feb-20200.0102
 10-Feb-20200.0164
 03-Feb-20200.0094
 27-Jan-20200.0080
 20-Jan-20200.0098
 13-Jan-20200.0117
 06-Jan-20200.0130
 30-Dec-20190.0050
 16-Dec-20190.0118
 09-Dec-20190.0060
 02-Dec-20190.0096
 25-Nov-20190.0120
 18-Nov-20190.0142
 11-Nov-20190.0081
 04-Nov-20190.0091
 29-Oct-20190.0104
 22-Oct-20190.0136
 14-Oct-20190.0122
 07-Oct-20190.0164
 30-Sep-20190.0116
 23-Sep-20190.0043
Dividend Quarterly26-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
 26-Dec-20140.1857
 26-Sep-20140.1591
 26-Jun-20140.4853
Dividend Monthly27-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
 30-Apr-20190.0618
 26-Mar-20190.0546
 26-Feb-20190.0467
 29-Jan-20190.0590
 28-Dec-20180.0710
 26-Nov-20180.0614
 26-Oct-20180.0638
 26-Sep-20180.0319
 27-Aug-20180.0661
 27-Jul-20180.0640
 27-Jun-20180.0298
 30-May-20180.0362
 26-Apr-20180.0362
 23-Mar-20180.0298
 23-Feb-20180.0308
Dividend Half Yearly26-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: 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

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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