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Unrated

HDFC Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 0.38 0.02 0.12 0.49 1.46 3.49 7.90 -- -- -- --
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 22 9 18 19 19 14 10 -- -- -- --
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 0.44 (28-Mar-2019 - 04-Apr-2019) 0.04 (17-Sep-2019 - 24-Sep-2019)
Month 1.05 (01-Mar-2019 - 02-Apr-2019) 0.38 (03-Apr-2019 - 03-May-2019)
Quarter 2.38 (04-Jan-2019 - 05-Apr-2019) 1.43 (24-Oct-2019 - 23-Jan-2020)
Year 8.92 (04-Oct-2018 - 04-Oct-2019) 7.90 (23-Jan-2019 - 23-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 93 103 38 40
Modified Duration (yrs) 0.28 0.40 0.24 0.36
Average Maturity (yrs) 0.33 0.52 0.29 0.44
Yield to Maturity (%) 5.71 8.44 5.52 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
equal 7.59% REC 13/03/2020 Debenture AAA 0.00 - 6.86 6.49
equal 7.53% Power Finance Corp. 20/01/2020 Debenture AAA 0.00 - 5.19 4.91
new BHEL 365-D 11/12/2020 Commercial Paper A1+ 0.00 - 4.63 4.63
equal Can Fin Homes 350-D 03/07/2020 Commercial Paper A1+ 0.00 - 3.77 3.35
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.86 - 2.93 2.93
equal Reliance Industries 109-D 06/03/2020 Commercial Paper A1+ 0.00 - 2.86 2.86
equal Indusind Bank 19/06/2020 Certificate of Deposit A1+ 0.00 - 3.16 2.81
equal 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 0.00 - 2.82 2.66
equal 8.43% HDFC 25/02/2020 Bonds/Debentures AAA 0.00 - 5.75 2.61
new Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 2.18 2.18
equal Tata Sons 364-D 06/02/2020 Commercial Paper A1+ 0.00 - 3.81 2.11
equal Cholamandalam Invest. & Fin. 351-D 13/03/2020 Commercial Paper A1+ 0.00 - 3.18 2.06
equal 8.40% L&T Infrastructre Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 2.02 2.02
equal National Bank Agr. Rur. Devp 310-D 13/03/2020 Commercial Paper A1+ 0.00 - 3.06 2.00
equal 8.05% National Housing Bank 2022 Non Convertible Debenture AAA 1.62 - 6.11 1.74
down Axis Bank 17/01/2020 Certificate of Deposit A1+ 0.00 - 3.00 1.73
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 1.78 1.72
equal Kotak Mahindra Investments 365-D 05/02/2020 Commercial Paper A1+ 0.00 - 3.58 1.72
equal IDFC First Bank 19/03/2020 Certificate of Deposit A1+ 0.00 - 4.75 1.71
new Nirma 60-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.32 1.32
new 9.11% LIC Housing Fin. 19/06/2020 Non Convertible Debenture AAA 0.00 - 1.17 1.17
equal 8.02% LIC Housing Fin. 18/02/2020 Debenture AAA 0.00 - 1.23 1.16
equal Kotak Mahindra Bank 13/02/2020 Certificate of Deposit A1+ 0.00 - 3.07 1.15
new First Business Receivable Trust Securitised Debt AAA 0.00 - 0.20 1.15
equal Andhra Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 2.38 1.14

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

— 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:


0.02%

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

Growth: ₹ 11.1242

Dividend Weekly: ₹ 10.0931

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Dividend Monthly: ₹ 10.0899

Dividend Daily: ₹ 10.0600


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 (₹) --
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 25-Sep-2018
Return Since Launch: 8.33%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 8,660 Cr (As on 31-Dec-2019)
Expense: 0.34% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Jan-20200.0017

 22-Jan-20200.0019
 21-Jan-20200.0012
 20-Jan-20200.0011
 17-Jan-20200.0031
 16-Jan-20200.0012
 15-Jan-20200.0009
 14-Jan-20200.0009
 13-Jan-20200.0006
 10-Jan-20200.0030
 09-Jan-20200.0006
 08-Jan-20200.0014
 07-Jan-20200.0012
 06-Jan-20200.0013
 03-Jan-20200.0032
 02-Jan-20200.0011
 01-Jan-20200.0017
 31-Dec-20190.0017
 30-Dec-20190.0010
 27-Dec-20190.0032
 26-Dec-20190.0019
 24-Dec-20190.0017
 23-Dec-20190.0008
 20-Dec-20190.0028
 19-Dec-20190.0006
Dividend Weekly20-Jan-20200.0068

 13-Jan-20200.0075
 06-Jan-20200.0087
 30-Dec-20190.0075
 23-Dec-20190.0067
 16-Dec-20190.0086
 09-Dec-20190.0048
 02-Dec-20190.0091
 25-Nov-20190.0082
 18-Nov-20190.0096
 11-Nov-20190.0058
 04-Nov-20190.0102
 29-Oct-20190.0094
 22-Oct-20190.0114
 14-Oct-20190.0106
 07-Oct-20190.0135
 30-Sep-20190.0115
 23-Sep-20190.0027
 16-Sep-20190.0102
 09-Sep-20190.0090
 03-Sep-20190.0130
 26-Aug-20190.0107
 19-Aug-20190.0073
 13-Aug-20190.0045
 05-Aug-20190.0137
Dividend Monthly30-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
 25-Mar-20190.0485
 25-Feb-20190.0426
 28-Jan-20190.0482
 31-Dec-20180.0664
 26-Nov-20180.0506
 29-Oct-20180.0259

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: 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

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