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Unrated

Tata Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.39 0.07 0.18 0.51 1.31 2.80 6.37 -- -- -- --
CCIL T Bill Liquidity Weight 1.06 0.04 0.19 0.48 1.06 1.96 4.08 -- -- -- --
Debt: Ultra Short Duration 1.31 0.06 0.19 0.46 1.24 2.71 6.06 -- -- -- --
Rank within category 15 12 19 12 15 16 15 -- -- -- --
Number of funds in category 28 29 29 29 28 26 24 17 17 15 13

As on 03-Apr-2020

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 0.90 (01-Mar-2019 - 02-Apr-2019) -0.36 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.03 (09-May-2019 - 08-Aug-2019) 0.39 (24-Dec-2019 - 24-Mar-2020)
Year 6.98 (25-Jan-2019 - 27-Jan-2020) 5.65 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.27 -5.49 -9.70 -- --
Debt: Ultra Short Duration* 6.09 1.65 1.42 3.29 1.36 2.55
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-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 21 14 41
Modified Duration (yrs) 0.42 0.51 0.31 0.38
Average Maturity (yrs) 0.44 0.55 0.32 0.45
Yield to Maturity (%) 6.07 7.75 5.62 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 6.73% IRFC 23/03/2020 Debenture AAA 0.00 - 7.88 7.88
equal Reserve Bank of India 63-D 17/03/2020 Treasury Bills SOV 0.00 - 7.86 7.86
equal Standard Chartered Invest&Loan 365-D 13/03/2020 Commercial Paper A1+ 0.00 - 7.86 7.86
equal HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 7.47 7.47
equal 8.52% Gujarat State 19/01/2021 State Development Loan SOV 0.00 - 6.29 5.38
new 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 5.26 5.26
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 7.49 5.26
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 6.03 5.25
new 6.32% REC 31/12/2021 Debenture AAA 0.00 - 5.24 5.24
equal Bharti Hexacom 64-D 20/03/2020 Commercial Paper A1+ 0.00 - 5.23 5.23
new Deutsche Investments 91-D 15/05/2020 Commercial Paper A1+ 0.00 - 5.16 5.16
equal ICICI Bank 13/08/2020 Certificate of Deposit A1+ 0.00 - 5.89 5.12
equal Axis Bank 30/12/2020 Certificate of Deposit A1+ 0.00 - 5.01 5.01
equal 8.84% Power Grid Corporation 21/10/2020 Bonds AAA 0.00 - 3.13 2.67
equal 7.87% Tata Capital Financial Services 2020 Debenture AAA 0.00 - 4.56 2.63
new HDFC 364-D 05/08/2020 Commercial Paper A1+ 0.00 - 2.56 2.56
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.90 2.52
equal 8.60% LIC Housing Fin. 31/05/2020 Debenture AAA 1.99 - 8.57 2.11
equal 8.70% Power Finance Corp. 14/05/2020 Bonds AAA 0.50 - 2.15 0.53

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 29-Feb-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:


0.07%

Change from previous, NAV as on 03-Apr-2020

Growth: ₹ 10.8122

Dividend Weekly: ₹ 10.3832

Dividend Monthly: ₹ 10.8101


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: 6.74%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 191 Cr (As on 29-Feb-2020)
Expense: 0.97% (As on 29-Feb-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly31-Mar-20200.0194

 11-Mar-20200.0122
 03-Mar-20200.0034
 25-Feb-20200.0091
 18-Feb-20200.0058
 11-Feb-20200.0107
 04-Feb-20200.0071
 28-Jan-20200.0074
 21-Jan-20200.0062
 14-Jan-20200.0060
 07-Jan-20200.0102
 31-Dec-20190.0066
 24-Dec-20190.0048
 17-Dec-20190.0069
 10-Dec-20190.0035
 03-Dec-20190.0098
 26-Nov-20190.0096
 19-Nov-20190.0076
 13-Nov-20190.0063
 05-Nov-20190.0102
 29-Oct-20190.0086
 22-Oct-20190.0104
 15-Oct-20190.0107
 09-Oct-20190.0120
 01-Oct-20190.0137

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: 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

Last Session

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dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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