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4 star

IDFC Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 0.13 0.03 0.05 0.21 0.78 1.75 5.46 -- -- -- --
CCIL T Bill Liquidity Weight 0.08 -0.01 0.04 0.10 0.46 1.07 2.95 -- -- -- --
Debt: Ultra Short Duration 0.16 0.03 0.06 0.24 0.89 2.04 5.35 -- -- -- --
Rank within category 21 12 17 23 22 21 11 -- -- -- --
Number of funds in category 28 28 28 28 28 27 26 15 15 14 0

As on 25-Jan-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 - Direct Plan
4 star
Jul-18 5.46 -- -- 0.26 4,443
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.71 7.72 7.95 0.34 16,540
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.70 7.28 7.25 0.31 14,272
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 6.44 -- -- 0.34 14,228
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.93 7.35 7.52 0.32 12,428

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) 5.48 (23-Jan-2020 - 22-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.78 0.34 -2.89 -5.80 -- --
Debt: Ultra Short Duration* 6.35 1.59 2.26 4.19 1.12 2.69
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 57 77 55 39
Modified Duration (yrs) 0.33 0.45 0.30 0.36
Average Maturity (yrs) 0.35 0.48 0.31 0.39
Yield to Maturity (%) 3.20 5.88 3.12 4.03
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 Reserve Bank of India 182-D 14/01/2021 Treasury Bills SOV 0.00 - 24.17 24.17
new Reserve Bank of India 182-D 18/02/2021 Treasury Bills SOV 0.00 - 5.61 5.61
equal Kotak Mahindra Prime 2021 Commercial Paper A1+ 0.00 - 4.50 4.50
new Reliance Industries 83-D 25/02/2021 Commercial Paper A1+ 0.00 - 3.92 3.92
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 3.50 3.33
new Reliance Industries 91-D 22/01/2021 Commercial Paper A1+ 0.00 - 2.81 2.81
new Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 2.80 2.80
equal 7.50% SIDBI 16/07/2021 Debenture AAA 0.88 - 3.04 2.66
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.55 2.55
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 2.24 2.24
equal LIC Housing Fin. 345-D 26/05/2021 Commercial Paper A1+ 0.00 - 2.22 2.22
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.20 2.20
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 2.18 2.18
equal 8.38% Karnataka State 31/10/2022 State Development Loan SOV 0.00 - 2.05 2.05
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 1.96 1.96
equal Reserve Bank of India 28/01/2021 Treasury Bills SOV 0.00 - 1.91 1.91
new Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 1.72 1.72
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 1.69 1.69
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 1.54 1.38
down 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 3.48 1.35
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 2.30 1.34
equal 8.31% Karnataka State 14/11/2022 State Development Loan SOV 0.00 - 1.33 1.33
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.00 - 1.18 1.18
equal 8.75% LIC Housing Fin. 2021 Debenture AAA 0.00 - 1.14 1.14
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.12 1.12

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-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:


0.03%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 11.8927

Dividend Weekly: ₹ 10.0713

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Dividend Quarterly: ₹ 10.1057

Dividend Monthly: ₹ 10.0518

Dividend Daily: ₹ 10.0367

Dividend: ₹ 10.6783


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: 7.10%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,443 Cr (As on 31-Dec-2020)
Expense: 0.26% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Jan-20210.0025

 22-Jan-20210.0003
 21-Jan-20210.0002
 20-Jan-20210.0018
 19-Jan-20210.0002
 08-Jan-20210.0010
 07-Jan-20210.0004
 06-Jan-20210.0006
 05-Jan-20210.0021
 04-Jan-20210.0030
 01-Jan-20210.0012
 31-Dec-20200.0006
 30-Dec-20200.0012
 29-Dec-20200.0018
 28-Dec-20200.0041
 24-Dec-20200.0008
 23-Dec-20200.0008
 22-Dec-20200.0008
 21-Dec-20200.0027
 18-Dec-20200.0007
 17-Dec-20200.0009
 16-Dec-20200.0010
 15-Dec-20200.0004
 14-Dec-20200.0024
 11-Dec-20200.0005
Dividend Weekly22-Jan-20210.0026

 08-Jan-20210.0072
 01-Jan-20210.0089
 24-Dec-20200.0051
 18-Dec-20200.0054
 11-Dec-20200.0061
 04-Dec-20200.0031
 27-Nov-20200.0074
 20-Nov-20200.0080
 13-Nov-20200.0074
 06-Nov-20200.0090
 29-Oct-20200.0055
 23-Oct-20200.0077
 16-Oct-20200.0088
 09-Oct-20200.0152
 01-Oct-20200.0078
 25-Sep-20200.0066
 18-Sep-20200.0073
 11-Sep-20200.0032
 04-Sep-20200.0094
 28-Aug-20200.0039
 21-Aug-20200.0069
 14-Aug-20200.0093
 07-Aug-20200.0062
 31-Jul-20200.0046
Dividend Monthly28-Dec-20200.0260

 25-Nov-20200.0304
 28-Oct-20200.0411
 28-Sep-20200.0296
 28-Aug-20200.0293
 28-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
Dividend Quarterly24-Dec-20200.0864

 28-Sep-20200.0864
 26-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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