VR Logo

4 star

HDFC 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.80 0.01 0.11 0.35 1.18 2.00 5.01 -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 -- -- -- --
Debt: Ultra Short Duration 1.71 0.01 0.13 0.36 1.08 1.91 4.43 -- -- -- --
Rank within category 6 2 5 6 6 6 5 -- -- -- --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 5.01 -- -- 0.24 16,735
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.61 7.44 7.55 0.34 18,100
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.32 6.81 6.89 0.31 12,864
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.56 6.93 7.15 0.33 11,759
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 6.25 7.75 8.11 0.39 9,949

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.41 24-Mar-2020 - 31-Mar-2020 -0.80 17-Mar-2020 - 24-Mar-2020
Month 2.04 24-Mar-2020 - 23-Apr-2020 -0.58 25-Feb-2020 - 26-Mar-2020
Quarter 3.72 24-Mar-2020 - 24-Jun-2020 0.29 24-Dec-2019 - 24-Mar-2020
Year 8.92 04-Oct-2018 - 04-Oct-2019 4.97 27-May-2020 - 27-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration* 5.88 1.69 2.03 3.71 1.14 2.46
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 98 126 78 41
Modified Duration (yrs) 0.47 0.55 0.34 0.33
Average Maturity (yrs) 0.51 0.61 0.39 0.38
Yield to Maturity (%) 3.99 4.90 3.66 3.75
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reliance Industries 120-D 25/06/2021 Commercial Paper A1+ 0.00 - 6.51 5.96
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.86 3.52
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 3.79 3.45
equal Reliance Jio Infocomm 91-D 15/07/2021 Commercial Paper A1+ 0.00 - 3.25 2.98
equal Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 3.22 2.95
new Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 2.94 2.94
equal 6.60% REC 21/03/2022 Debenture AAA 0.22 - 3.18 2.89
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.63 2.40
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 2.50 2.28
equal Aditya Birla Finance 25/06/2021 Deep Discount Bonds AAA 0.00 - 2.59 2.22
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.22 - 2.24 2.03
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 1.88 1.72
equal Liquid Gold Series 5 22/03/2022 Securitised Debt A1+ 0.00 - 1.85 1.67
equal National Bank Agr. Rur. Devp 180-D 30/06/2021 Commercial Paper A1+ 0.00 - 1.79 1.64
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 1.69 1.54
equal Reserve Bank of India 91-D 15/07/2021 Treasury Bills SOV 0.00 - 1.63 1.49
equal Reliance Jio Infocomm 91-D 19/07/2021 Commercial Paper A1+ 0.00 - 1.62 1.49
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.76 1.49
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 1.70 1.47
equal Manappuram Finance 343-D 24/09/2021 Commercial Paper A1+ 0.00 - 1.69 1.47
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 1.46 1.46
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 1.59 1.45
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 1.54 1.40
equal Sun Pharmaceutical Inds. 364-D 28/01/2022 Commercial Paper A1+ 0.00 - 1.46 1.34
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 1.34 1.22

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-May-2021

Fund Manager

— Anil Bamboli since 18-Sep-2018

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:


0.01%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 12.0398

IDCW Weekly: ₹ 10.0570

More

IDCW Monthly: ₹ 10.0650

IDCW Daily: ₹ 10.0920


Investment Strategy

The scheme seeks to generate income / capital appreciation through investment in debt securities and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 25-Sep-2018
Return Since Launch: 7.08%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 16,735 Cr (As on 31-May-2021)
Expense: 0.24% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily10-Jun-20210.0014

 09-Jun-20210.0015
 08-Jun-20210.0026
 07-Jun-20210.0015
 04-Jun-20210.0038
 03-Jun-20210.0015
 02-Jun-20210.0017
 01-Jun-20210.0006
 31-May-20210.0004
 28-May-20210.0030
 27-May-20210.0011
 25-May-20210.0010
 24-May-20210.0012
 21-May-20210.0031
 20-May-20210.0015
 19-May-20210.0010
 18-May-20210.0011
 17-May-20210.0015
 14-May-20210.0023
 12-May-20210.0026
 11-May-20210.0004
 10-May-20210.0009
 07-May-20210.0024
 06-May-20210.0008
 05-May-20210.0013
IDCW Weekly07-Jun-20210.0080

 31-May-20210.0063
 24-May-20210.0081
 17-May-20210.0062
 10-May-20210.0064
 03-May-20210.0101
 26-Apr-20210.0122
 19-Apr-20210.0075
 12-Apr-20210.0070
 05-Apr-20210.0087
 30-Mar-20210.0165
 22-Mar-20210.0127
 15-Mar-20210.0038
 08-Mar-20210.0062
 01-Mar-20210.0069
 22-Feb-20210.0100
 15-Feb-20210.0098
 08-Feb-20210.0054
 01-Feb-20210.0050
 25-Jan-20210.0054
 18-Jan-20210.0330
 11-Jan-20210.0055
 04-Jan-20210.0113
 28-Dec-20200.0066
 21-Dec-20200.0058
IDCW Monthly31-May-20210.0371

 26-Apr-20210.0355
 30-Mar-20210.0461
 22-Feb-20210.0304
 25-Jan-20210.0201
 28-Dec-20200.0231
 01-Dec-20200.0468
 26-Oct-20200.0507
 28-Sep-20200.0335
 31-Aug-20200.0446
 27-Jul-20200.0571
 29-Jun-20200.0727
 26-May-20200.1132
 27-Apr-20200.1157
 24-Feb-20200.0370
 27-Jan-20200.0321
 30-Dec-20190.0367
 25-Nov-20190.0336
 29-Oct-20190.0449
 30-Sep-20190.0462
 26-Aug-20190.0524
 29-Jul-20190.0620
 24-Jun-20190.0403
 27-May-20190.0511
 30-Apr-20190.0595

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

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

Fax: 022-22821144

Website: http://www.hdfcfund.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

Upcoming Video

Investors' Hangout

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM