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5 star

ICICI Prudential Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 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 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 a 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 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 5.68 0.02 0.10 0.45 1.71 3.85 7.93 8.05 8.79 9.91 --
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 --
Debt: Ultra Short Duration 4.53 0.02 0.09 0.32 1.09 2.99 6.26 6.51 7.08 7.78 --
Rank within category 2 8 7 2 1 2 1 -- -- -- --
Number of funds in category 26 27 27 27 27 27 24 15 15 14 0

As on 01-Oct-2020

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 7.93 8.05 8.79 0.39 6,940
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.61 7.84 8.16 0.34 16,218
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.74 7.58 7.50 0.32 12,635
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 7.11 -- -- 0.34 11,891
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.93 7.55 7.75 0.33 11,176

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 7.79 0.75 3.64 5.20 0.32 3.09
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Ultra Short Duration 6.48 1.57 2.22 4.24 1.06 2.64
Rank within category 2 9 3 8 2 9
Number of funds in category 17 17 17 17 17 17

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 117 117 69 37
Modified Duration (yrs) 0.30 0.45 0.30 0.34
Average Maturity (yrs) 0.39 0.53 0.35 0.42
Yield to Maturity (%) 5.42 8.11 5.42 4.50
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 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 2.36 - 3.84 2.96
equal 8.40% JSW Energy 18/09/2020 Non Convertible Debenture AA- 0.00 - 3.83 2.88
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 3.38 2.53
up 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.19 2.19
equal Tata Value Homes 23/09/2022 Non Convertible Debenture AA 1.75 - 2.88 2.19
equal Motilal Oswal Home Finance 27/01/2024 Non Convertible Debenture AA 1.74 - 2.87 2.17
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.79 2.14
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 2.26 2.04
equal NUVOCO Vistas Corp. 80-D 21/09/2020 Commercial Paper A1+ 0.00 - 2.05 1.87
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 2.41 1.84
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 2.39 1.81
equal Tata Motors 329-D 25/09/2020 Commercial Paper A1+ 0.00 - 2.34 1.80
equal Reliance Retail Ltd. 21/09/2020 Non Convertible Debenture AAA 1.30 - 2.18 1.67
up 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 1.56 1.56
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 1.91 1.51
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.00 - 1.89 1.48
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 3.29 1.46
equal Tata Realty and Infrastructure 259-D 28/09/2020 Commercial Paper A1+ 0.00 - 1.86 1.44
equal Kribhco Fertilizers 82-D 20/10/2020 Commercial Paper A1+ 0.00 - 1.58 1.43
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 1.85 1.42
new National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.42 1.42
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.45 1.41
equal Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 1.81 1.41
equal JM Financial Services 179-D 28/12/2020 Commercial Paper A1+ 0.00 - 1.54 1.40
equal Phoenix ARC 365-D 20/07/2021 Commercial Paper A1+ 0.00 - 1.48 1.35

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-Aug-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.


0.02%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 22.3008

Dividend Weekly: ₹ 10.0897

More

Dividend Quarterly: ₹ 10.8783

Dividend Monthly: ₹ 10.7893

Dividend Half Yearly: ₹ 10.7813

Dividend Fortnightly: ₹ 10.0897

Dividend Daily: ₹ 10.0387


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: 9.05%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,940 Cr (As on 31-Aug-2020)
Expense: 0.39% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.0022

 29-Sep-20200.0014
 28-Sep-20200.0056
 25-Sep-20200.0012
 24-Sep-20200.0019
 23-Sep-20200.0015
 21-Sep-20200.0054
 18-Sep-20200.0042
 17-Sep-20200.0009
 16-Sep-20200.0019
 15-Sep-20200.0021
 14-Sep-20200.0050
 11-Sep-20200.0155
 10-Sep-20200.0016
 09-Sep-20200.0017
 08-Sep-20200.0011
 07-Sep-20200.0053
 04-Sep-20200.0019
 03-Sep-20200.0022
 02-Sep-20200.0020
 01-Sep-20200.0020
 31-Aug-20200.0056
 28-Aug-20200.0017
 27-Aug-20200.0021
 26-Aug-20200.0021
Dividend Fortnightly30-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
 15-May-20200.0475
 30-Apr-20200.0007
 15-Apr-20200.0071
 30-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
Dividend Weekly28-Sep-20200.0089

 21-Sep-20200.0110
 14-Sep-20200.0087
 07-Sep-20200.0131
 31-Aug-20200.0132
 24-Aug-20200.0115
 17-Aug-20200.0157
 10-Aug-20200.0131
 03-Aug-20200.0116
 27-Jul-20200.0075
 20-Jul-20200.0110
 13-Jul-20200.0247
 06-Jul-20200.0242
 29-Jun-20200.0260
 22-Jun-20200.0365
 15-Jun-20200.0111
 08-Jun-20200.0082
 01-Jun-20200.0094
 26-May-20200.0463
 18-May-20200.0293
 11-May-20200.0111
 20-Apr-20200.0110
 07-Apr-20200.0187
 30-Mar-20200.0117
 09-Mar-20200.0111
Dividend Monthly25-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
 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
Dividend Quarterly21-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
 26-Dec-20140.1857
 26-Sep-20140.1591
Dividend Half Yearly26-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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