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5 star

ICICI Prudential Ultra Short Term Fund - Direct Plan


Debt: Ultra Short Duration

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 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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(₹)
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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 4.36 0.03 0.21 1.15 2.54 4.00 8.47 8.17 9.04 9.23 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.02 0.22 0.86 1.90 3.89 4.12 4.31 4.69 --
Debt: Ultra Short Duration 3.79 0.02 0.11 0.77 2.15 3.52 7.23 6.63 7.25 8.13 --
Rank within category 4 6 2 3 4 4 3 -- -- -- --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 0

As on 15-Jul-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 8.47 8.17 9.04 0.39 5,571
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.33 7.97 8.32 0.33 11,830
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.66 7.78 7.68 0.33 9,750
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.82 7.75 7.97 0.34 9,189
IDFC Ultra Short Term Fund - Direct Plan
4 star
Jul-18 7.54 -- -- 0.26 5,768

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 7.87 0.75 3.40 4.78 0.22 2.84
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.53 1.64 2.25 5.23 0.98 2.44
Rank within category 2 9 8 10 2 11
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 100 109 62 31
Modified Duration (yrs) 0.32 0.45 0.30 0.42
Average Maturity (yrs) 0.36 0.53 0.35 0.47
Yield to Maturity (%) 6.18 8.11 6.18 4.90

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 0.00 - 3.84 3.68
equal 8.40% JSW Energy 18/09/2020 Non Convertible Debenture AA- 0.00 - 3.83 3.60
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 3.38 3.18
equal Tata Value Homes 23/09/2022 Non Convertible Debenture AA 0.00 - 2.88 2.72
equal Motilal Oswal Home Finance 27/01/2024 Non Convertible Debenture AA 1.74 - 2.92 2.71
equal Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 2.84 2.68
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.79 2.64
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 2.41 2.29
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 2.39 2.25
equal Tata Motors 329-D 25/09/2020 Commercial Paper A1+ 0.00 - 2.34 2.22
equal Reliance Retail Ltd. 21/09/2020 Non Convertible Debenture AAA 0.00 - 2.18 2.06
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 1.91 1.85
up 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 3.29 1.83
up 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 1.83 1.83
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.00 - 1.89 1.82
equal Tata Realty and Infrastructure 259-D 28/09/2020 Commercial Paper A1+ 0.00 - 1.86 1.76
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 1.85 1.75
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.45 1.73
equal Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 1.81 1.72
down Writers and Publishers 30/04/2022 Non Convertible Debenture AA- 1.51 - 3.51 1.58
up 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 1.46 1.46
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 2.24 1.45
equal Adarsh Advisory Services Pvt. 2021 Zero Coupon Bonds A 1.23 - 2.08 1.41
equal Pune Solapur Expressways 31/03/2029 Debenture A 0.90 - 1.51 1.37
equal 7.28% Tata Motors 29/07/2020 Bonds/NCDs AA- 0.00 - 1.43 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 30-Jun-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.


0.03%

Change from previous, NAV as on 15-Jul-2020

Growth: ₹ 22.0218

Dividend Weekly: ₹ 10.0880

More

Dividend Quarterly: ₹ 10.9127

Dividend Monthly: ₹ 10.8408

Dividend Half Yearly: ₹ 10.6465

Dividend Fortnightly: ₹ 10.1367

Dividend Daily: ₹ 10.0650


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: ₹ 5,571 Cr (As on 30-Jun-2020)
Expense: 0.39% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0020

 13-Jul-20200.0058
 10-Jul-20200.0170
 09-Jul-20200.0019
 08-Jul-20200.0040
 07-Jul-20200.0016
 06-Jul-20200.0055
 03-Jul-20200.0027
 02-Jul-20200.0023
 01-Jul-20200.0019
 30-Jun-20200.0010
 29-Jun-20200.0066
 26-Jun-20200.0021
 25-Jun-20200.0021
 24-Jun-20200.0021
 23-Jun-20200.0028
 22-Jun-20200.0052
 19-Jun-20200.0020
 18-Jun-20200.0021
 17-Jun-20200.0020
 16-Jun-20200.0021
 15-Jun-20200.0063
 12-Jun-20200.0020
 11-Jun-20200.0042
 09-Jun-20200.0022
Dividend Weekly13-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
 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
Dividend Fortnightly30-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
 16-Sep-20190.0279
 29-Aug-20190.0196
 16-Aug-20190.0256
 30-Jul-20190.0241
 15-Jul-20190.0293
 27-Jun-20190.0200
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
Dividend Monthly26-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
 27-Jul-20180.0640
 27-Jun-20180.0298
 30-May-20180.0362
Dividend Quarterly26-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
 26-Jun-20140.4853

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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