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3 star

Baroda Ultra Short Duration Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 4.03 0.03 0.08 0.31 0.91 2.77 5.73 -- -- -- --
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 -- -- -- --
Debt: Ultra Short Duration 4.10 0.03 0.06 0.30 0.99 2.82 5.80 -- -- -- --
Rank within category 13 9 7 11 16 14 13 -- -- -- --
Number of funds in category 26 27 27 27 27 27 24 15 15 14 12

As on 28-Sep-2020

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 5.73 -- -- 0.43 240
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.52 7.71 8.06 0.48 16,218
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.64 7.43 7.38 0.49 12,635
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.83 -- -- 0.64 11,891
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 6.54 7.13 7.38 0.77 11,176

Best & Worst Performance

Best (Period) Worst (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) 5.71 (16-Sep-2019 - 15-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Ultra Short Duration* 5.95 1.70 1.60 3.38 0.92 1.89
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 19 6 37
Modified Duration (yrs) 0.36 0.49 0.30 0.34
Average Maturity (yrs) 0.39 0.52 0.32 0.42
Yield to Maturity (%) 3.62 6.58 3.58 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
new Reserve Bank of India 91-D 10/09/2020 Treasury Bills SOV 0.00 - 10.41 10.41
equal Reserve Bank of India 91-D 17/09/2020 Treasury Bills SOV 0.00 - 17.17 10.40
new NTPC 91-D 09/09/2020 Commercial Paper A1+ 0.00 - 8.33 8.33
up National Bank Agr. Rur. Devp 27/07/2021 Certificate of Deposit A1+ 0.00 - 6.03 6.03
new 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 4.71 4.71
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 0.00 - 4.88 4.28
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 4.16 - 22.44 4.16
equal Reserve Bank of India 182-D 10/09/2020 Treasury Bills SOV 0.00 - 4.71 4.16
equal Motilal Oswal Financial 89-D 28/10/2020 Commercial Paper A1+ 0.00 - 4.65 4.13
equal Indusind Bank 27/11/2020 Certificate of Deposit A1+ 0.00 - 13.19 4.13
new Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 4.04 4.04
equal ICICI Securities 90-D 17/09/2020 Commercial Paper A1+ 0.00 - 5.48 3.33
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 4.16 2.51
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 4.71 2.18
new 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 2.15 2.15
new 6.22% HDFC 2021 Debenture AAA 0.00 - 2.12 2.12
equal Muthoot Finance 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 3.42 2.08
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 2.19 1.32
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.47 0.88

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

— 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:

— Hetal P Shah since 24-May-2018

Education: Ms. Hetal P. Shah is a B.Com, MBA, and JAIIB.

Experience: Prior to joining Baroda AMC she has worked with Bank of India from may 1999.

Funds Managed:


0.03%

Change from previous, NAV as on 28-Sep-2020

Growth: ₹ 1,173.4366

Dividend Weekly: ₹ 1,001.3827

Dividend 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 (₹) --
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 01-Jun-2018
Return Since Launch: 7.11%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 240 Cr (As on 31-Aug-2020)
Expense: 0.43% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.1074

 24-Sep-20200.1101
 23-Sep-20200.1093
 22-Sep-20200.1213
 21-Sep-20200.3299
 18-Sep-20200.0716
 17-Sep-20200.2907
 16-Sep-20200.1944
 15-Sep-20200.0847
 14-Sep-20200.1984
 07-Sep-20200.1889
 04-Sep-20200.1081
 03-Sep-20200.0919
 02-Sep-20200.1168
 01-Sep-20200.2271
 31-Aug-20200.4195
 28-Aug-20200.0074
 27-Aug-20200.0972
 26-Aug-20200.0947
 25-Aug-20200.1014
 24-Aug-20200.0470
 20-Aug-20200.1588
 19-Aug-20200.1061
 18-Aug-20200.0731
 17-Aug-20200.3151
Dividend Weekly21-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
 15-Jun-20200.9263
 08-Jun-20201.9976
 01-Jun-20200.9485
 26-May-20200.9014
 18-May-20201.0866
 11-May-20200.9583
 04-May-20200.7783
 27-Apr-20201.4961
 20-Apr-20201.8054
 13-Apr-20201.6821
 30-Mar-20201.8209
 09-Mar-20201.2421

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

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