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3 star

Tata Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 0.09 0.03 0.03 0.16 0.68 1.60 4.63 -- -- -- --
CCIL T Bill Liquidity Weight 0.08 -0.01 0.04 0.10 0.46 1.07 2.95 -- -- -- --
Debt: Ultra Short Duration 0.13 0.02 0.05 0.20 0.76 1.79 4.84 -- -- -- --
Rank within category 23 7 25 23 20 19 17 -- -- -- --
Number of funds in category 28 28 28 28 28 27 26 15 15 14 12

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)
Tata Ultra Short Term Fund - Regular Plan  | Invest Online
3 star
Jan-19 4.63 -- -- 1.03 519
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 6.56 7.58 7.82 0.48 16,540
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 5.52 7.13 7.11 0.49 14,272
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.12 -- -- 0.64 14,228
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 5.46 6.92 7.11 0.76 12,428

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.02 (24-Mar-2020 - 31-Mar-2020) -0.59 (17-Mar-2020 - 24-Mar-2020)
Month 1.63 (24-Mar-2020 - 23-Apr-2020) -0.36 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.68 (24-Mar-2020 - 24-Jun-2020) 0.39 (24-Dec-2019 - 24-Mar-2020)
Year 6.98 (25-Jan-2019 - 27-Jan-2020) 4.65 (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* 5.88 1.60 1.75 3.34 1.14 2.23
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 31 31 13 39
Modified Duration (yrs) 0.34 0.43 0.29 0.36
Average Maturity (yrs) 0.35 0.44 0.32 0.39
Yield to Maturity (%) 3.59 6.07 3.59 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
equal IDFC First Bank 2021 Certificate of Deposit A1+ 0.00 - 6.72 4.81
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 11.66 4.78
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 6.63 4.75
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 6.61 4.74
new Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 4.72 4.72
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 6.51 4.66
equal 8.75% HDFC 2021 Debenture AAA 0.00 - 5.47 3.89
equal Aditya Birla Money 29/01/2021 Commercial Paper A1+ 0.00 - 5.35 3.84
equal L&T Infrastructre Finance 242-D 15/06/2021 Commercial Paper A1+ 0.00 - 7.04 3.78
new 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 2.98 2.98
new Tata Teleservices (Mah) 88-D 12/03/2021 Commercial Paper A1+ 0.00 - 2.87 2.87
new Deutsche Investments 137-D 30/04/2021 Commercial Paper A1+ 0.00 - 2.85 2.85
equal Tata Motors Finance 354-D 30/08/2021 Commercial Paper A1+ 0.00 - 6.74 2.80
new Tata Teleservices 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 2.74 2.74
equal 8.60% Maharashtra State 20/07/2021 State Development Loan SOV 0.00 - 3.73 1.98
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.00 - 6.10 1.97
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 8.45 1.94
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 4.67 1.92
equal Network 18 Media & Inv 167-D 25/02/2021 Commercial Paper A1+ 0.00 - 4.67 1.92
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 4.69 1.92
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 5.74 1.91
new Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.90 1.90
equal Reserve Bank of India 364-D 10/06/2021 Treasury Bills SOV 0.00 - 2.65 1.90
equal Cholamandalam Invest. & Fin. 18/11/2021 Commercial Paper A1+ 0.00 - 2.59 1.86
equal 8.48% Odisha State 24/02/2021 State Development Loan SOV 0.00 - 7.94 1.81

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

— Akhil Mittal since 11-Jan-2019

Education: Mr. Mittal is B.Com (H) and MBA from University Business School.

Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.

Funds Managed:


0.03%

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

Growth: ₹ 11.1992

Dividend Weekly: ₹ 10.3771

Dividend Monthly: ₹ 11.2022


Investment Strategy

The scheme seeks to generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 22-Jan-2019
Return Since Launch: 5.79%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 519 Cr (As on 31-Dec-2020)
Expense: 1.03% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly12-Jan-20210.0013

 05-Jan-20210.0097
 29-Dec-20200.0057
 22-Dec-20200.0043
 15-Dec-20200.0052
 08-Dec-20200.0031
 01-Dec-20200.0048
 24-Nov-20200.0101
 17-Nov-20200.0072
 10-Nov-20200.0073
 03-Nov-20200.0065
 27-Oct-20200.0055
 20-Oct-20200.0112
 13-Oct-20200.0132
 06-Oct-20200.0118
 29-Sep-20200.0050
 22-Sep-20200.0083
 15-Sep-20200.0042
 08-Sep-20200.0028
 01-Sep-20200.0034
 25-Aug-20200.0003
 18-Aug-20200.0166
 11-Aug-20200.0067
 04-Aug-20200.0068
 28-Jul-20200.0055

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.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

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM