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4 star

IDFC Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 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.

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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 2.63 0.01 0.05 0.21 0.81 1.67 3.28 6.02 -- -- --
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 15 2 4 13 13 14 16 6 -- -- --
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)
IDFC Ultra Short Term Fund - Regular Plan
4 star
Jul-18 3.28 6.02 -- 0.43% 4,729
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 1.28 24-Mar-2020 - 31-Mar-2020 -0.78 17-Mar-2020 - 24-Mar-2020
Month 1.90 24-Mar-2020 - 23-Apr-2020 -0.46 25-Feb-2020 - 26-Mar-2020
Quarter 3.33 24-Mar-2020 - 24-Jun-2020 0.37 24-Dec-2019 - 24-Mar-2020
Year 8.76 14-Sep-2018 - 16-Sep-2019 3.32 14-Oct-2020 - 14-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.97 0.77 2.63 6.36 1.58 2.99
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 6 12 7 3 19 5
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 45 67 45 39
Modified Duration (yrs) 0.35 0.35 0.27 0.39
Average Maturity (yrs) 0.39 0.39 0.29 0.44
Yield to Maturity (%) 3.71 3.71 3.12 4.25
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
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 6.10 6.10
new Reliance Jio Infocomm 91-D 03/12/2021 Commercial Paper A1+ 0.00 - 5.25 5.25
equal Reliance Jio Infocomm 91-D 22/10/2021 Commercial Paper A1+ 0.00 - 4.22 4.22
equal Bajaj Finance 91-D 26/10/2021 Commercial Paper A1+ 0.00 - 4.22 4.22
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 4.20 4.20
equal Kotak Mahindra Investments 256-D 12/10/2021 Commercial Paper A1+ 0.00 - 3.22 3.17
equal Kotak Mahindra Prime 29/03/2022 Zero Coupon Bonds AAA 0.00 - 2.59 2.59
equal 7.85% LIC Housing Fin. 16/12/2022 Non Convertible Debenture AAA 0.00 - 2.19 2.19
new 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 0.00 - 2.19 2.19
equal Axis Bank 2022 Zero Coupon Bonds A1+ 0.00 - 2.12 2.12
equal Axis Bank 17/12/2021 Certificate of Deposit A1+ 0.00 - 2.10 2.10
equal LIC Housing Fin. 25/02/2022 Debenture AAA 0.00 - 2.07 2.07
new Reserve Bank of India 91-D 23/12/2021 Treasury Bills SOV 0.00 - 1.99 1.99
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.61 - 1.84 1.84
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.60 1.60
equal 4.95% HDFC 2022 Non Convertible Debenture AAA 0.00 - 1.60 1.60
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 1.59 1.59
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 1.43 1.43
equal 8.44% REC 2021 Bonds AAA 0.17 - 1.28 1.28
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 1.11 1.11
new REC 13/12/2022 Debenture AAA 0.00 - 1.09 1.09
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.07 1.07
equal 6.99% REC 31/12/2021 Non Convertible Debenture AAA 0.00 - 1.07 1.07
equal Axis Bank 31/01/2022 Certificate of Deposit A1+ 0.00 - 0.78 0.78
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 0.75 0.75

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

— Harshal Joshi since 06-Jul-2018

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:


0.01%

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

Growth: ₹ 12.1413

IDCW Weekly: ₹ 10.0755

More

IDCW Quarterly: ₹ 10.1288

IDCW Monthly: ₹ 10.0601

IDCW Daily: ₹ 10.0519

IDCW: ₹ 10.2103


Investment Strategy

The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Jul-2018
Return Since Launch: 6.13%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,729 Cr (As on 30-Sep-2021)
Expense: 0.43% (As on 30-Sep-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-Oct-20210.0014

 20-Oct-20210.0009
 18-Oct-20210.0024
 14-Oct-20210.0008
 13-Oct-20210.0019
 12-Oct-20210.0020
 11-Oct-20210.0030
 08-Oct-20210.0017
 07-Oct-20210.0014
 06-Oct-20210.0001
 05-Oct-20210.0002
 04-Oct-20210.0024
 01-Oct-20210.0005
 30-Sep-20210.0004
 28-Sep-20210.0002
 27-Sep-20210.0007
 23-Sep-20210.0008
 22-Sep-20210.0006
 21-Sep-20210.0009
 20-Sep-20210.0021
 17-Sep-20210.0004
 16-Sep-20210.0007
 15-Sep-20210.0009
 14-Sep-20210.0006
 13-Sep-20210.0033
IDCW Weekly14-Oct-20210.0077

 08-Oct-20210.0058
 01-Oct-20210.0034
 24-Sep-20210.0028
 17-Sep-20210.0059
 09-Sep-20210.0039
 03-Sep-20210.0084
 27-Aug-20210.0064
 20-Aug-20210.0080
 13-Aug-20210.0090
 06-Aug-20210.0056
 30-Jul-20210.0066
 23-Jul-20210.0067
 16-Jul-20210.0081
 09-Jul-20210.0073
 02-Jul-20210.0072
 25-Jun-20210.0070
 18-Jun-20210.0031
 11-Jun-20210.0080
 04-Jun-20210.0056
 28-May-20210.0064
 21-May-20210.0064
 14-May-20210.0058
 07-May-20210.0058
 30-Apr-20210.0085
IDCW Monthly29-Sep-20210.0200

 30-Aug-20210.0330
 29-Jul-20210.0317
 29-Jun-20210.0271
 28-May-20210.0253
 29-Apr-20210.0374
 26-Mar-20210.0293
 26-Feb-20210.0242
 28-Jan-20210.0187
 28-Dec-20200.0247
 25-Nov-20200.0292
 28-Oct-20200.0399
 28-Sep-20200.0284
 28-Aug-20200.0280
 28-Jul-20200.0362
 26-Jun-20200.0519
 28-May-20200.0933
 28-Apr-20200.0697
 27-Mar-20200.0332
 28-Feb-20200.0340
 28-Jan-20200.0384
 27-Dec-20190.0280
 28-Nov-20190.0371
 30-Oct-20190.0585
 27-Sep-20190.0319
IDCW Quarterly28-Sep-20210.0812

 28-Jun-20210.0817
 24-Mar-20210.0611
 24-Dec-20200.0826
 28-Sep-20200.0824
 26-Jun-20200.2908
 24-Mar-20200.0774
 26-Dec-20190.1199
 25-Sep-20190.1405
 25-Jun-20190.1339
 27-Mar-20190.1324
 27-Dec-20180.1518
 26-Sep-20180.0820
IDCW25-Mar-20210.5945

 24-Mar-20200.8929

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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