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4 star

IDFC Ultra Short Term Fund - Direct 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 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 4.22 0.01 0.07 0.31 1.84 3.53 7.14 -- -- -- --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 -- -- -- --
Debt: Ultra Short Duration 3.96 0.01 0.09 0.33 1.85 3.27 6.86 -- -- -- --
Rank within category 11 15 23 22 12 11 9 -- -- -- --
Number of funds in category 27 28 28 28 28 28 25 16 16 14 0

As on 06-Aug-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 - Direct Plan
4 star
Jul-18 7.14 -- -- 0.26 5,768
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.02 7.85 8.26 0.33 11,830
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.30 7.72 7.63 0.33 9,750
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.47 7.65 7.90 0.32 9,189
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.23 8.07 8.96 0.39 5,571

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 1.91 (24-Mar-2020 - 23-Apr-2020) -0.45 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.37 (24-Mar-2020 - 24-Jun-2020) 0.41 (24-Dec-2019 - 24-Mar-2020)
Year 8.95 (14-Sep-2018 - 16-Sep-2019) 6.48 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.03 0.29 -4.08 -7.51 -- --
Debt: Ultra Short Duration* 6.50 1.68 2.24 5.18 0.89 2.34
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 73 74 54 30
Modified Duration (yrs) 0.33 0.46 0.33 --
Average Maturity (yrs) 0.35 0.48 0.35 --
Yield to Maturity (%) 3.67 6.61 3.67 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 13.45 10.65
down 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 12.04 8.26
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 9.35 7.23
new Reserve Bank of India 91-D 16/07/2020 Treasury Bills SOV 0.00 - 4.33 4.33
new 8.39% Tamilnadu State 24/11/2020 State Development Loan SOV 0.00 - 3.53 3.53
new Reliance Jio Infocomm 85-D 15/09/2020 Commercial Paper A1+ 0.00 - 3.44 3.44
up 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 3.38 3.38
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 3.21 2.63
down HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 3.50 2.50
up 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.00 - 2.53 2.28
equal SIDBI 182-D 16/07/2020 Commercial Paper A1+ 0.00 - 2.63 2.16
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
new Indian Oil Corp. 70-D 14/08/2020 Commercial Paper A1+ 0.00 - 1.73 1.73
equal Reliance Jio Infocomm 91-D 20/07/2020 Commercial Paper A1+ 0.00 - 2.10 1.73
equal Axis Bank 18/08/2020 Certificate of Deposit A1+ 0.00 - 2.34 1.73
new Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 1.73 1.73
equal Indian Oil Corp. 76-D 21/07/2020 Commercial Paper A1+ 0.00 - 1.84 1.73
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.78 1.68
new LIC Housing Fin. 345-D 26/05/2021 Commercial Paper A1+ 0.00 - 1.66 1.66
new Reserve Bank of India 364-D 02/07/2020 Treasury Bills SOV 0.00 - 1.65 1.65
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 1.54 1.45
equal 8.45% Power Finance Corp. 2020 Bonds AAA 0.00 - 1.81 1.31
equal 7.47% Sundaram Finance 2020 Bonds/NCDs AAA 0.00 - 1.60 1.31

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

— 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 06-Aug-2020

Growth: ₹ 11.7002

Dividend Weekly: ₹ 10.0748

More

Dividend Quarterly: ₹ 10.1126

Dividend Monthly: ₹ 10.0438

Dividend Daily: ₹ 10.0367

Dividend: ₹ 10.5009


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: 7.94%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,768 Cr (As on 30-Jun-2020)
Expense: 0.26% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily05-Aug-20200.0013

 04-Aug-20200.0011
 03-Aug-20200.0028
 31-Jul-20200.0012
 30-Jul-20200.0010
 27-Jul-20200.0023
 24-Jul-20200.0006
 23-Jul-20200.0013
 22-Jul-20200.0005
 20-Jul-20200.0026
 17-Jul-20200.0016
 16-Jul-20200.0015
 15-Jul-20200.0017
 14-Jul-20200.0010
 13-Jul-20200.0028
 10-Jul-20200.0015
 09-Jul-20200.0021
 08-Jul-20200.0016
 07-Jul-20200.0015
 06-Jul-20200.0043
 03-Jul-20200.0021
 02-Jul-20200.0022
 01-Jul-20200.0034
 30-Jun-20200.0011
 29-Jun-20200.0024
Dividend Weekly31-Jul-20200.0046

 24-Jul-20200.0051
 17-Jul-20200.0085
 10-Jul-20200.0111
 03-Jul-20200.0113
 26-Jun-20200.0145
 19-Jun-20200.0200
 12-Jun-20200.0129
 05-Jun-20200.0066
 29-May-20200.0107
 22-May-20200.0283
 15-May-20200.0284
 08-May-20200.0183
 24-Apr-20200.0280
 17-Apr-20200.0254
 03-Apr-20200.0244
 27-Mar-20200.0203
 06-Mar-20200.0135
 28-Feb-20200.0040
 20-Feb-20200.0058
 14-Feb-20200.0092
 07-Feb-20200.0122
 31-Jan-20200.0076
 24-Jan-20200.0093
 17-Jan-20200.0063
Dividend Monthly28-Jul-20200.0375

 26-Jun-20200.0529
 28-May-20200.1109
 28-Apr-20200.0709
 27-Mar-20200.0338
 28-Feb-20200.0348
 28-Jan-20200.0393
 27-Dec-20190.0288
 28-Nov-20190.0379
 30-Oct-20190.0564
 27-Sep-20190.0326
 29-Aug-20190.0533
 30-Jul-20190.0546
 27-Jun-20190.0406
 30-May-20190.0554
 26-Apr-20190.0463
 28-Mar-20190.0500
 27-Feb-20190.0410
 30-Jan-20190.0569
 28-Dec-20180.0489
 29-Nov-20180.0548
 30-Oct-20180.0557
 27-Sep-20180.0312
 30-Aug-20180.0465
 30-Jul-20180.0180
Dividend Quarterly26-Jun-20200.2938

 24-Mar-20200.0810
 26-Dec-20190.1225
 25-Sep-20190.1433
 25-Jun-20190.1364
 27-Mar-20190.1351
 27-Dec-20180.1549
 26-Sep-20180.0846
Dividend24-Mar-20200.8874

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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