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4 star

HDFC Ultra Short Term Fund - Direct Plan


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 5.84 0.04 0.14 0.52 1.30 3.89 7.04 -- -- -- --
CCIL T Bill Liquidity Weight 2.67 0.00 0.06 0.21 0.54 1.29 3.27 -- -- -- --
Debt: Ultra Short Duration 4.83 0.04 0.11 0.45 1.15 3.01 6.15 -- -- -- --
Rank within category 3 14 3 4 6 3 3 -- -- -- --
Number of funds in category 26 28 28 27 27 27 25 15 15 14 0

As on 19-Oct-2020

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 7.04 -- -- 0.34 11,967
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.51 7.84 8.15 0.34 14,532
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.78 7.53 7.73 0.33 11,072
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.56 7.58 7.49 0.31 10,122
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.83 8.08 8.77 0.39 7,413

Best & Worst Performance

Best (Period) Worst (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) 6.26 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Ultra Short Duration* 6.48 1.57 2.22 4.24 1.06 2.64
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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 110 118 65 35
Modified Duration (yrs) 0.35 0.53 0.24 0.37
Average Maturity (yrs) 0.50 0.65 0.29 0.45
Yield to Maturity (%) 4.41 6.69 4.38 4.54
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
up 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 7.58 5.53
up 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 5.28 5.28
new NTPC 91-D 22/12/2020 Commercial Paper A1+ 0.00 - 4.15 4.15
equal BHEL 365-D 11/12/2020 Commercial Paper A1+ 0.00 - 6.26 3.53
equal Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 4.09 2.67
up Aditya Birla Finance 25/06/2021 Deep Discount Bonds AAA 0.00 - 2.59 2.59
equal BHEL 365-D 04/11/2020 Commercial Paper A1+ 0.00 - 2.51 2.50
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 2.73 2.47
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 4.26 2.44
equal Aditya Birla Finance 18/05/2021 Zero Coupon Bonds AAA 0.00 - 2.50 2.27
down Ultratech Cement 90-D 05/11/2020 Commercial Paper A1+ 0.00 - 2.51 2.08
equal Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 3.31 1.87
equal Tata Realty and Infrastructure 62-D 29/10/2020 Commercial Paper A1+ 0.00 - 1.67 1.67
equal National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.66 1.65
equal Bharti Hexacom 364-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.89 1.64
new Tata Realty and Infrastructure 287-D 21/06/2021 Commercial Paper A1+ 0.00 - 1.60 1.60
equal Bahadur Chand Investments 353-D 25/06/2021 Commercial Paper A1+ 0.00 - 1.74 1.58
equal Shriram City Union Finance 2020 Securitised Debt AAA 0.00 - 3.62 1.54
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 1.54 1.53
equal 8.40% L&T Infrastructre Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 2.66 1.49
equal IIFL Finance 2020 Securitised Debt A1+ 0.00 - 2.98 1.37
equal REC 15/12/2020 Bonds AAA 0.00 - 2.21 1.32
equal National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 2.35 1.32
equal 6.99% REC 31/12/2020 Debenture AAA 0.00 - 1.98 1.26
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.20 1.24

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-Sep-2020

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:


0.04%

Change from previous, NAV as on 19-Oct-2020

Growth: ₹ 11.7284

Dividend Weekly: ₹ 10.0994

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Dividend Monthly: ₹ 10.0909

Dividend 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 (₹) --
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 25-Sep-2018
Return Since Launch: 8.01%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,967 Cr (As on 30-Sep-2020)
Expense: 0.34% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily16-Oct-20200.0037

 15-Oct-20200.0021
 14-Oct-20200.0029
 13-Oct-20200.0031
 12-Oct-20200.0026
 09-Oct-20200.0038
 08-Oct-20200.0031
 07-Oct-20200.0030
 06-Oct-20200.0025
 05-Oct-20200.0025
 01-Oct-20200.0057
 30-Sep-20200.0018
 29-Sep-20200.0025
 28-Sep-20200.0017
 25-Sep-20200.0034
 24-Sep-20200.0010
 23-Sep-20200.0010
 22-Sep-20200.0008
 21-Sep-20200.0013
 18-Sep-20200.0036
 17-Sep-20200.0016
 16-Sep-20200.0016
 15-Sep-20200.0015
 14-Sep-20200.0007
 11-Sep-20200.0033
Dividend Weekly12-Oct-20200.0149

 05-Oct-20200.0117
 28-Sep-20200.0075
 21-Sep-20200.0090
 14-Sep-20200.0056
 07-Sep-20200.0115
 31-Aug-20200.0089
 24-Aug-20200.0073
 17-Aug-20200.0107
 10-Aug-20200.0104
 03-Aug-20200.0073
 27-Jul-20200.0070
 20-Jul-20200.0117
 13-Jul-20200.0166
 06-Jul-20200.0218
 29-Jun-20200.0164
 22-Jun-20200.0254
 15-Jun-20200.0214
 08-Jun-20200.0053
 01-Jun-20200.0043
 26-May-20200.0437
 18-May-20200.0346
 11-May-20200.0256
 04-May-20200.0091
 27-Apr-20200.0114
Dividend Monthly28-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
 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: 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

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