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4 star

IDFC Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 4.67 0.02 0.08 0.27 0.90 3.05 6.35 -- -- -- --
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 -- -- -- --
Debt: Ultra Short Duration 4.15 0.02 0.09 0.28 0.97 2.74 5.73 -- -- -- --
Rank within category 7 10 18 16 15 7 6 -- -- -- --
Number of funds in category 26 27 27 27 27 27 24 15 15 14 12

As on 01-Oct-2020

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 6.35 -- -- 0.42 5,750
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.47 7.71 8.02 0.48 16,218
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.56 7.43 7.37 0.49 12,635
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.78 -- -- 0.64 11,891
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 6.46 7.13 7.35 0.77 11,176

Best & Worst Performance

Best (Period) Worst (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) 6.32 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Ultra Short Duration* 6.01 1.57 1.68 3.32 1.07 2.18
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 77 77 55 37
Modified Duration (yrs) 0.30 0.45 0.30 0.34
Average Maturity (yrs) 0.31 0.48 0.31 0.42
Yield to Maturity (%) 3.52 6.28 3.52 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 NTPC 88-D 29/09/2020 Commercial Paper A1+ 0.00 - 8.67 8.67
up 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 12.04 7.82
up Reserve Bank of India 182-D 10/09/2020 Treasury Bills SOV 0.00 - 4.44 4.43
new Reserve Bank of India 91-D 03/09/2020 Treasury Bills SOV 0.00 - 4.35 4.35
equal 8.39% Tamilnadu State 24/11/2020 State Development Loan SOV 0.00 - 3.62 3.52
equal Reliance Jio Infocomm 85-D 15/09/2020 Commercial Paper A1+ 0.00 - 3.55 3.47
new Reserve Bank of India 182-D 29/09/2020 Treasury Bills SOV 0.00 - 3.47 3.47
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 3.38 2.84
equal 9.02% LIC Housing Fin. 2020 Debenture AAA 0.00 - 2.72 2.64
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 3.21 2.62
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 3.50 2.53
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.54 2.47
new Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 2.30 2.30
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.00 - 2.53 2.28
equal 6.99% REC 31/12/2020 Debenture AAA 0.00 - 2.57 2.11
equal 7.50% SIDBI 16/07/2021 Debenture AAA 0.00 - 3.04 2.07
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 2.42 2.03
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.00 - 1.85 1.79
equal Indian Oil Corp. 46-D 14/09/2020 Commercial Paper A1+ 0.00 - 1.77 1.74
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.78 1.71
equal LIC Housing Fin. 345-D 26/05/2021 Commercial Paper A1+ 0.00 - 1.72 1.69
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 1.58 1.53
equal 6.99% Andhra Pradesh State 26/10/2020 State Development Loan SOV 0.00 - 1.53 1.49
down 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 13.45 1.47
new Axis Bank 18/09/2020 Certificate of Deposit A1+ 0.00 - 1.30 1.30

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

— 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:


0.02%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 11.7216

Dividend Weekly: ₹ 10.0783

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Dividend Quarterly: ₹ 10.0781

Dividend Monthly: ₹ 10.0449

Dividend Daily: ₹ 10.0519

Dividend: ₹ 10.4404


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
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Jul-2018
Return Since Launch: 7.46%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,750 Cr (As on 31-Aug-2020)
Expense: 0.42% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.0021

 29-Sep-20200.0005
 28-Sep-20200.0030
 25-Sep-20200.0007
 24-Sep-20200.0011
 23-Sep-20200.0008
 22-Sep-20200.0009
 21-Sep-20200.0028
 18-Sep-20200.0009
 17-Sep-20200.0015
 16-Sep-20200.0008
 15-Sep-20200.0012
 14-Sep-20200.0025
 11-Sep-20200.0002
 10-Sep-20200.0003
 09-Sep-20200.0005
 08-Sep-20200.0000
 07-Sep-20200.0019
 04-Sep-20200.0010
 03-Sep-20200.0014
 02-Sep-20200.0010
 01-Sep-20200.0027
 31-Aug-20200.0029
 28-Aug-20200.0006
 27-Aug-20200.0005
Dividend Monthly28-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
 29-Aug-20190.0465
 30-Jul-20190.0594
 27-Jun-20190.0399
 30-May-20190.0634
 26-Apr-20190.0456
 28-Mar-20190.0491
 27-Feb-20190.0402
 30-Jan-20190.0479
 28-Dec-20180.0458
 29-Nov-20180.0537
 30-Oct-20180.0545
 27-Sep-20180.0303
Dividend Quarterly28-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
Dividend Weekly25-Sep-20200.0063

 18-Sep-20200.0070
 11-Sep-20200.0029
 04-Sep-20200.0091
 28-Aug-20200.0036
 21-Aug-20200.0066
 14-Aug-20200.0090
 07-Aug-20200.0059
 31-Jul-20200.0043
 24-Jul-20200.0048
 17-Jul-20200.0082
 10-Jul-20200.0108
 03-Jul-20200.0110
 26-Jun-20200.0142
 19-Jun-20200.0197
 12-Jun-20200.0126
 05-Jun-20200.0063
 29-May-20200.0104
 22-May-20200.0293
 15-May-20200.0283
 08-May-20200.0177
 24-Apr-20200.0277
 17-Apr-20200.0248
 03-Apr-20200.0241
 27-Mar-20200.0197
Dividend24-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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