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Motilal Oswal Ultra Short Term Fund - Regular Plan

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh


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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.77 0.00 0.03 0.18 0.60 1.26 3.00 0.21 2.43 3.67 --
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 3.61 3.86 4.31 --
Debt: Ultra Short Duration 1.12 0.01 0.07 0.30 0.93 1.63 4.40 5.49 6.01 6.71 --
Rank within category 26 26 27 26 26 25 25 15 14 14 --
Number of funds in category 27 27 27 27 27 27 26 15 14 14 12

As on 05-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Motilal Oswal Ultra Short Term Fund - Regular Plan
1 star
Sep-13 3.00 0.21 2.43 1.02 82
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 5.48 -- -- 0.64 17,221
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 6.36 7.35 7.50 0.51 16,098
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 4.81 6.59 6.83 0.77 11,180
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 4.81 6.81 6.85 0.49 9,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.38 24-Mar-2020 - 31-Mar-2020 -7.81 19-Dec-2018 - 26-Dec-2018
Month 0.92 24-Mar-2020 - 23-Apr-2020 -7.39 19-Dec-2018 - 18-Jan-2019
Quarter 2.16 12-Sep-2013 - 12-Dec-2013 -10.43 24-Sep-2018 - 24-Dec-2018
Year 8.00 13-Sep-2013 - 15-Sep-2014 -8.14 26-Dec-2017 - 26-Dec-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.40 5.76 -0.69 -1.20 0.95 -3.20
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Ultra Short Duration 5.50 1.69 1.61 2.95 1.13 2.05
Rank within category 16 16 16 16 5 16
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 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 2 1 40
Modified Duration (yrs) 0.08 0.25 0.01 --
Average Maturity (yrs) 0.25 0.39 0.02 --
Yield to Maturity (%) 3.26 4.01 3.10 --
Avg Credit Rating GOI/Cash -- -- --

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 22/07/2021 Treasury Bills SOV 0.00 - 80.41 54.04
equal Reserve Bank of India 364-D 05/08/2021 Treasury Bills SOV 0.00 - 26.51 23.99
equal Others CBLO -- - 21.34

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-Mar-2021

Fund Manager

— Abhiroop Mukherjee since 04-Sep-2013

Education: Mr. Abhiroop Mukherjee holds B.Com from Calcutta University & PGPBF (Finance) from National Institute of Bank Management.

Experience: Prior to joining Motilal Oswal AMC, he has worked with PNB Gilts Ltd. Mumbai.

Funds Managed:


Change from previous, NAV as on 05-May-2021

Growth: ₹ 13.5661

IDCW Weekly: ₹ 9.8533


IDCW Quarterly: ₹ 9.9934

IDCW Monthly: ₹ 9.8504

IDCW Fortnightly: ₹ 9.8603

IDCW Daily: ₹ 9.8498

Investment Strategy

The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Motilal Oswal Mutual Fund
Launch Date: 06-Sep-2013
Return Since Launch: 4.06%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 82 Cr (As on 31-Mar-2021)
Expense: 1.02% (As on 31-Mar-2021)
Risk Grade: Above Average
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-Sep-20180.0012

IDCW Monthly31-Aug-20180.0438

IDCW Weekly31-Aug-20180.0079

IDCW Fortnightly24-Aug-20180.0158

IDCW Quarterly29-Jun-20180.1093


Contact Information

AMC: Motilal Oswal Asset Management Company Ltd.

Address: Motilal Oswal Towers - 10th Floor, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai - 400025

Phone: 022-39804238 / 1800-200-6626

Email: [email protected]

Website: http://www.motilaloswalmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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