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Baroda Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.27 0.02 0.09 0.49 1.49 3.38 7.74 -- -- -- --
Debt: Ultra Short Duration 0.14 0.02 -0.06 0.35 1.32 3.36 7.01 -- -- -- --
Rank within category 21 20 15 11 15 17 13 -- -- -- --
Number of funds in category 28 28 28 28 26 26 23 17 17 15 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.90 (03-May-2019 - 04-Jun-2019) 0.42 (27-Aug-2018 - 26-Sep-2018)
Quarter 2.28 (01-Mar-2019 - 03-Jun-2019) 1.46 (18-Oct-2019 - 17-Jan-2020)
Year 8.56 (04-Jun-2018 - 04-Jun-2019) 7.69 (15-Jan-2019 - 15-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
Debt: Ultra Short Duration* 6.73 1.54 2.18 4.45 1.44 3.37
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 20 12 40
Modified Duration (yrs) 0.49 0.49 0.24 0.37
Average Maturity (yrs) 0.52 0.52 0.26 0.45
Yield to Maturity (%) 5.98 8.39 5.50 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.09% Export-Import Bank 2020 Bonds AAA 0.00 - 12.56 9.81
equal Reliance Industries 180-D 03/03/2020 Commercial Paper A1+ 0.00 - 9.69 9.69
equal Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 9.52 9.52
up ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 9.39 9.39
equal 9.48% Bank of Baroda Bonds AA 6.42 - 12.03 9.39
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 9.77 7.75
down HDFC 330-D 07/02/2020 Commercial Paper A1+ 0.00 - 12.25 5.84
equal Axis Finance 273-D 06/03/2020 Commercial Paper A1+ 0.00 - 7.31 5.81
equal Indusind Bank 27/11/2020 Certificate of Deposit A1+ 0.00 - 5.55 5.55
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 6.93 5.43
equal 11.00% Motilal Oswal Home Finance 16/03/2020 Debenture A+ 0.00 - 6.51 5.09
new 8.99% Bank of Baroda Non Convertible Debenture AA+ 0.00 - 3.94 3.94
equal 8.20% National Bank Agr. Rur. Devp 13/03/2020 Privately Placed Debts AAA 0.00 - 4.03 3.15
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 1.97 1.97
equal Indusind Bank 26/02/2020 Certificate of Deposit A1+ 0.00 - 2.44 1.94
equal SIDBI 24/07/2020 Debenture A1+ 0.00 - 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 31-Dec-2019

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:


0.02%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 1,134.3476

Dividend Weekly: ₹ 1,001.6336

Dividend Daily: ₹ 1,007.0611


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: 8.04%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 256 Cr (As on 31-Dec-2019)
Expense: 0.20% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.1156

 16-Jan-20200.1203
 15-Jan-20200.1010
 13-Jan-20200.2949
 10-Jan-20200.0588
 09-Jan-20200.1079
 08-Jan-20200.1478
 07-Jan-20200.1084
 06-Jan-20200.2799
 03-Jan-20200.2115
 02-Jan-20200.2338
 01-Jan-20200.1455
 31-Dec-20190.2025
 30-Dec-20190.3733
 27-Dec-20190.1555
 26-Dec-20190.2455
 24-Dec-20190.0656
 23-Dec-20190.2972
 20-Dec-20190.0998
 19-Dec-20190.1019
 18-Dec-20190.0916
 17-Dec-20190.1037
 16-Dec-20190.3218
 13-Dec-20190.1166
 12-Dec-20190.1053
Dividend Weekly13-Jan-20201.0732

 06-Jan-20201.1153
 30-Dec-20190.9628
 23-Dec-20190.8633
 16-Dec-20190.8531
 09-Dec-20190.9048
 02-Dec-20190.9801
 25-Nov-20190.9112
 18-Nov-20190.7664
 11-Nov-20191.6826
 03-Sep-20191.1094
 26-Aug-20190.8054
 19-Aug-20190.7639
 13-Aug-20191.2289
 05-Aug-20190.9316
 29-Jul-20190.8373
 22-Jul-20190.8574
 15-Jul-20190.9988
 08-Jul-20191.1305
 01-Jul-20191.0201
 24-Jun-20190.9513
 17-Jun-20190.9808
 10-Jun-20190.8841
 03-Jun-20191.1684
 27-May-20191.1705

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: www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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