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Unrated

IDFC Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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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(₹)
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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 0.42 0.02 0.13 0.52 1.55 3.60 8.01 -- -- -- --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 -- -- -- --
Debt: Ultra Short Duration 0.27 0.02 0.13 0.38 1.33 3.38 7.02 -- -- -- --
Rank within category 13 22 17 14 12 10 6 -- -- -- --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.36 (26-Mar-2019 - 02-Apr-2019) -0.01 (19-Sep-2018 - 26-Sep-2018)
Month 0.96 (01-Mar-2019 - 02-Apr-2019) 0.37 (27-Aug-2018 - 26-Sep-2018)
Quarter 2.37 (26-Sep-2018 - 26-Dec-2018) 1.52 (17-Oct-2019 - 16-Jan-2020)
Year 8.95 (14-Sep-2018 - 16-Sep-2019) 8.00 (22-Jan-2019 - 22-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -6.21 -10.52 -- --
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 69 69 28 40
Modified Duration (yrs) 0.39 0.46 0.35 0.36
Average Maturity (yrs) 0.41 0.47 0.37 0.44
Yield to Maturity (%) 5.78 7.68 5.69 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 6.26 6.26
down National Housing Bank 22/02/2022 Non Convertible Debenture AAA 0.00 - 7.86 5.15
equal 9.11% LIC Housing Fin. 19/06/2020 Non Convertible Debenture AAA 0.00 - 5.27 4.59
down Reliance Industries 180-D 03/03/2020 Commercial Paper A1+ 0.00 - 6.34 4.50
up 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 4.00 4.00
equal 7.60% HDFC 26/06/2020 Debenture AAA 0.00 - 3.66 3.63
new Reserve Bank of India 364-D 12/03/2020 Treasury Bills SOV 0.00 - 3.26 3.26
equal 8.02% National Housing Bank 31/01/2022 Debenture AAA 0.00 - 3.32 3.19
down 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 0.00 - 3.22 2.96
up SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 2.78 2.78
down SIDBI 2020 Certificate of Deposit A1+ 0.00 - 3.34 2.77
down 7.60% Bajaj Finance 15/06/2020 Debenture AAA 0.00 - 3.45 2.74
down 7.20% LIC Housing Fin. 24/04/2020 Debenture AAA 0.00 - 3.26 2.73
equal 7.42% Power Finance Corp. 26/06/2020 Debenture AAA 0.00 - 2.42 2.40
equal 8.18% National Bank Agr. Rur. Devp 2020 Bonds/NCDs AAA 0.00 - 2.62 2.39
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 2.51 2.18
equal National Bank Agr. Rur. Devp 29/05/2020 Certificate of Deposit A1+ 0.00 - 2.37 2.11
new Reserve Bank of India 364-D 05/03/2020 Treasury Bills SOV 0.00 - 2.10 2.10
equal 7.74% Bajaj Finance 30/06/2020 Debenture AAA 0.00 - 1.96 1.94
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 1.73 1.71
new Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 1.66 1.66
new Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 1.66 1.66
equal Kotak Mahindra Investments 366-D 03/06/2020 Commercial Paper A1+ 0.00 - 3.26 1.55
up 8.45% Power Finance Corp. 2020 Bonds AAA 0.00 - 1.49 1.49
new 8.50% IRFC 22/06/2020 Bonds AAA 0.00 - 1.38 1.38

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

— 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:

— Viraj Kulkarni since 06-Jul-2018

Education: Mr. Kulkarni is a B.Tech. (Electronics), CFA and also holds a PGDM (Finance).

Experience: Prior to joining IDFC AMC he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014-Sept. 2015) and Goldman Sachs Services India (June 2010-May 2012).

Funds Managed:


0.02%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 11.2738

Dividend Weekly: ₹ 10.0727

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Dividend Quarterly: ₹ 10.1402

Dividend Monthly: ₹ 10.0833

Dividend Daily: ₹ 10.0367

Dividend: ₹ 11.3460


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 (₹) 1,000
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: 8.20%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,408 Cr (As on 31-Dec-2019)
Expense: 0.20% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Jan-20200.0014

 23-Jan-20200.0022
 22-Jan-20200.0009
 21-Jan-20200.0012
 20-Jan-20200.0036
 17-Jan-20200.0016
 16-Jan-20200.0012
 13-Jan-20200.0034
 10-Jan-20200.0008
 09-Jan-20200.0018
 08-Jan-20200.0012
 07-Jan-20200.0019
 06-Jan-20200.0032
 03-Jan-20200.0018
 02-Jan-20200.0020
 01-Jan-20200.0022
 31-Dec-20190.0008
 30-Dec-20190.0035
 27-Dec-20190.0014
 26-Dec-20190.0013
 24-Dec-20190.0005
 23-Dec-20190.0031
 20-Dec-20190.0003
 19-Dec-20190.0010
 18-Dec-20190.0011
Dividend Weekly17-Jan-20200.0063

 10-Jan-20200.0090
 03-Jan-20200.0103
 27-Dec-20190.0062
 20-Dec-20190.0072
 13-Dec-20190.0098
 06-Dec-20190.0043
 29-Nov-20190.0087
 22-Nov-20190.0105
 15-Nov-20190.0107
 08-Nov-20190.0050
 01-Nov-20190.0110
 25-Oct-20190.0089
 18-Oct-20190.0121
 11-Oct-20190.0119
 04-Oct-20190.0170
 27-Sep-20190.0075
 20-Sep-20190.0032
 13-Sep-20190.0090
 06-Sep-20190.0101
 30-Aug-20190.0105
 23-Aug-20190.0078
 09-Aug-20190.0110
 02-Aug-20190.0127
 26-Jul-20190.0079
Dividend Monthly27-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-Dec-20190.1225

 25-Sep-20190.1433
 25-Jun-20190.1364
 27-Mar-20190.1351
 27-Dec-20180.1549
 26-Sep-20180.0846

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: 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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