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Motilal Oswal Ultra Short Term Fund - Regular Plan

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?


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 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 2.38 0.03 0.06 0.35 1.58 2.81 5.86 1.02 3.06 -- --
CCIL T Bill Liquidity Weight 1.76 -0.02 -0.02 0.23 1.18 1.98 4.11 4.21 4.40 -- --
Debt: Ultra Short Duration 2.58 0.03 0.09 0.82 1.66 3.00 6.29 6.09 6.75 -- --
Rank within category 19 13 20 27 19 18 18 16 16 -- --
Number of funds in category 27 28 28 28 28 27 23 16 16 14 12

As on 01-Jun-2020

Best & Worst Performance

Best (Period) Worst (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 1.18 5.80 -0.72 -1.27 3.67 0.34
CCIL T Bill Liquidity Weight 4.15 0.27 -4.64 -8.65 -- --
Debt: Ultra Short Duration 6.07 1.64 1.61 3.84 1.16 2.12
Rank within category 18 18 18 18 18 16
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 31-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 6 1 32
Modified Duration (yrs) 0.25 0.42 0.15 --
Average Maturity (yrs) 0.25 0.42 0.15 --
Yield to Maturity (%) 4.01 6.00 4.01 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Reserve Bank of India 364-D 10/09/2020 Treasury Bills SOV 0.00 - 84.70 66.72

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-Apr-2020

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 01-Jun-2020

Growth: ₹ 13.2104

Dividend Weekly: ₹ 9.5947


Dividend Quarterly: ₹ 9.7313

Dividend Monthly: ₹ 9.5918

Dividend Fortnightly: ₹ 9.6016

Dividend Daily: ₹ 9.5913

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 (₹) --
Exit Load 0

Basic Details

Fund House: Motilal Oswal Mutual Fund
Launch Date: 06-Sep-2013
Return Since Launch: 4.22%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 44 Cr (As on 30-Apr-2020)
Expense: 0.08% (As on 30-Apr-2020)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

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

Dividend Monthly31-Aug-20180.0438

Dividend Weekly31-Aug-20180.0079

Dividend Fortnightly24-Aug-20180.0158

Dividend 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: 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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dateFriday, 12-Jun-2020
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