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3 star

Baroda Ultra Short Duration Fund - Regular Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 3.29 0.01 0.11 0.46 1.81 3.11 6.64 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Ultra Short Duration 3.46 0.03 0.27 0.80 2.03 3.27 6.81 -- -- -- --
Rank within category 13 25 16 25 18 13 13 -- -- -- --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 12

As on 10-Jul-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 6.64 -- -- 0.43 145
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 8.27 7.86 8.20 0.45 11,830
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 7.55 7.64 7.57 0.49 9,750
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 7.43 7.36 7.59 0.78 9,189
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 7.61 -- -- 0.64 7,697

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) 6.01 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration* 6.06 1.64 1.69 4.08 1.00 1.98
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 18 6 31
Modified Duration (yrs) 0.34 0.49 0.30 0.39
Average Maturity (yrs) 0.37 0.52 0.32 0.46
Yield to Maturity (%) 3.58 6.74 3.58 4.65

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 17/09/2020 Treasury Bills SOV 0.00 - 17.17 17.17
equal SIDBI 24/07/2020 Debenture A1+ 0.00 - 10.83 8.28
down Reliance Industries 179-D 28/08/2020 Commercial Paper A1+ 0.00 - 22.47 6.88
down ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 22.44 6.87
down Indusind Bank 27/11/2020 Certificate of Deposit A1+ 0.00 - 13.19 6.75
new ICICI Securities 90-D 17/09/2020 Commercial Paper A1+ 0.00 - 5.48 5.48
new 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 4.16 4.16
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 4.71 3.62
new Muthoot Finance 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 3.42 3.42
new 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 2.19 2.19
new 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.47 1.47

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

— 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:


0.01%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 1,165.2440

Dividend Weekly: ₹ 1,002.9143

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: 7.51%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 145 Cr (As on 30-Jun-2020)
Expense: 0.43% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.0996

 09-Jul-20200.1955
 08-Jul-20200.2277
 07-Jul-20200.1962
 06-Jul-20200.4130
 03-Jul-20200.1621
 02-Jul-20200.0824
 01-Jul-20200.1917
 30-Jun-20200.0957
 29-Jun-20200.2399
 26-Jun-20200.1726
 25-Jun-20200.0905
 24-Jun-20200.1200
 23-Jun-20200.2090
 22-Jun-20200.3997
 19-Jun-20200.2515
 18-Jun-20200.1375
 17-Jun-20200.2679
 16-Jun-20200.1296
 15-Jun-20200.4299
 12-Jun-20200.2005
 11-Jun-20200.2717
 10-Jun-20200.0921
 09-Jun-20200.1360
 08-Jun-20200.2075
Dividend Weekly06-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
 02-Mar-20200.6025
 24-Feb-20200.7887
 17-Feb-20201.0900
 10-Feb-20200.8155
 03-Feb-20200.8176
 27-Jan-20200.8275
 20-Jan-20200.7698
 13-Jan-20201.0483
 06-Jan-20201.0904
 30-Dec-20190.9380

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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