VR Logo

3 star

Baroda Ultra Short Duration Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 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

  • 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.93 0.00 0.06 0.25 0.85 1.83 3.59 5.74 -- -- --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 3.32 -- -- --
Debt: Ultra Short Duration 2.87 0.00 0.03 0.32 0.91 1.90 3.55 5.53 -- -- --
Rank within category 7 22 1 5 10 7 8 9 -- -- --
Number of funds in category 27 28 28 28 28 27 27 20 14 14 12

As on 21-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda Ultra Short Duration Fund - Regular Plan
3 star
Jun-18 3.59 5.74 -- 0.42% 108
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 4.09 6.84 6.96 0.48% 17,747
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.65 6.27 -- 0.64% 16,705
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.28 5.99 6.33 0.77% 12,698
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.43 6.10 6.47 0.49% 11,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.18 24-Mar-2020 - 31-Mar-2020 -0.77 17-Mar-2020 - 24-Mar-2020
Month 1.82 24-Mar-2020 - 23-Apr-2020 -0.69 25-Feb-2020 - 26-Mar-2020
Quarter 2.86 24-Mar-2020 - 24-Jun-2020 0.33 24-Dec-2019 - 24-Mar-2020
Year 8.35 04-Jun-2018 - 04-Jun-2019 3.63 09-Oct-2020 - 11-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.70 0.65 2.72 6.23 1.21 2.49
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Ultra Short Duration 5.51 1.35 1.86 4.07 1.08 2.23
Rank within category 9 3 5 5 10 10
Number of funds in category 20 20 20 20 20 20

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 20 12 39
Modified Duration (yrs) 0.48 0.52 0.29 0.39
Average Maturity (yrs) 0.51 0.56 0.31 0.44
Yield to Maturity (%) 4.23 4.33 3.25 4.25
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.39% Rajasthan State 24/02/2026 State Development Loan SOV 0.00 - 9.48 9.48
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 13.38 9.43
equal 5.11% HDB Financial Services 26/07/2022 Zero Coupon Bonds AAA 3.25 - 9.33 9.33
down Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 9.23 9.23
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 1.97 - 5.62 5.62
new 7.70% Shriram City Union Finance 21/12/2022 Non Convertible Debenture AA 0.00 - 5.57 5.57
new Piramal Capital & Housing Finance 240-D 29/04/2022 Commercial Paper A1+ 0.00 - 5.35 5.35
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 1.69 - 4.78 4.78
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 4.75 4.75
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 4.75 4.75
equal 6.22% HDFC 2021 Debenture AAA 1.64 - 4.67 4.67
equal JM Financial Services 91-D 29/11/2021 Commercial Paper A1+ 0.00 - 4.61 4.61
new IIFL Wealth Management 89-D 15/12/2021 Commercial Paper A1+ 0.00 - 4.60 4.60
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 1.02 - 2.84 2.84
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.68 - 1.89 1.89

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-Sep-2021

Fund Manager

— Alok Sahoo since 24-May-2018

Education: Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar.

Experience: Prior to joining Baroda AMC he has worked with UTI Mutual Fund and HSBC Mutual Fund.

Funds Managed:


0.00%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 1,220.1727

IDCW Daily: ₹ 1,006.2583


Investment Strategy

The scheme seeks to generate regular income by investing in a portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months 6 months.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 01-Jun-2018
Return Since Launch: 6.04%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 108 Cr (As on 30-Sep-2021)
Expense: 0.42% (As on 30-Sep-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-Oct-20210.0046

 20-Oct-20210.0964
 18-Oct-20210.4563
 14-Oct-20210.0811
 13-Oct-20210.2489
 12-Oct-20210.4380
 11-Oct-20210.3623
 08-Oct-20210.1384
 07-Oct-20210.0723
 04-Oct-20210.2616
 01-Oct-20210.1283
 30-Sep-20210.0562
 28-Sep-20210.0203
 27-Sep-20210.1372
 23-Sep-20210.0351
 21-Sep-20210.0601
 20-Sep-20210.2428
 17-Sep-20210.0438
 16-Sep-20210.0976
 15-Sep-20210.1384
 14-Sep-20210.0357
 13-Sep-20210.3169
 09-Sep-20210.0915
 08-Sep-20210.0627
 07-Sep-20210.0409
IDCW Weekly21-Dec-20200.5578

 14-Dec-20200.4818
 07-Dec-20200.5644
 01-Dec-20200.5765
 23-Nov-20201.6618
 09-Nov-20200.5514
 02-Nov-20200.6407
 26-Oct-20200.7635
 19-Oct-20200.7938
 12-Oct-20200.9844
 05-Oct-20200.7232
 28-Sep-20200.8237
 21-Sep-20200.8811
 14-Sep-20200.9846
 07-Sep-20200.6820
 31-Aug-20200.8139
 24-Aug-20200.5357
 17-Aug-20200.8128
 10-Aug-20200.9945
 03-Aug-20200.5646
 27-Jul-20201.0414
 20-Jul-20201.2429
 06-Jul-20200.9156
 29-Jun-20200.9742
 22-Jun-20201.9225

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: http://www.barodapioneer.in

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

Upcoming Video

Investors' Hangout

The investment mindset: These women show the way

DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM