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Tata Ultra Short Term Fund - Direct Plan


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 0.28 0.02 0.09 0.46 1.52 3.48 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.17 0.01 0.01 0.28 0.83 1.91 -- -- -- -- --
Debt: Ultra Short Duration 0.14 0.02 -0.06 0.35 1.32 3.36 -- -- -- -- --
Rank within category 16 17 17 17 13 12 -- -- -- -- --
Number of funds in category 28 28 28 28 26 26 23 17 17 15 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.95 (01-Mar-2019 - 02-Apr-2019) 0.40 (29-Nov-2019 - 30-Dec-2019)
Quarter 2.16 (01-Mar-2019 - 03-Jun-2019) 1.49 (18-Oct-2019 - 17-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -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 21 21 3 40
Modified Duration (yrs) 0.35 0.51 0.06 0.37
Average Maturity (yrs) 0.36 0.55 0.06 0.45
Yield to Maturity (%) 5.65 7.75 5.62 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 11.45 11.45
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.00 - 8.56 6.39
equal 8.52% Gujarat State 19/01/2021 State Development Loan SOV 0.00 - 6.29 5.93
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 10.45 5.82
equal 8.75% Nabha Power 28/02/2020 Debenture AAA 0.00 - 10.35 5.81
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 7.49 5.81
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 7.26 5.74
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 6.03 5.73
new Qatar National Bank 28/02/2020 Certificate of Deposit A1+ 0.00 - 5.73 5.73
equal Standard Chartered Invest&Loan 365-D 13/03/2020 Commercial Paper A1+ 0.00 - 6.74 5.72
equal ICICI Bank 13/08/2020 Certificate of Deposit A1+ 0.00 - 5.89 5.58
equal REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 8.89 5.18
equal 9.34% M&M Financial Services 17/03/2020 Bonds/Debentures AAA 0.00 - 11.44 4.08
equal 8.84% Power Grid Corporation 21/10/2020 Bonds AAA 0.00 - 3.13 2.95
equal 9.11% LIC Housing Fin. 19/06/2020 Non Convertible Debenture AAA 0.00 - 3.10 2.93
equal 7.87% Tata Capital Financial Services 2020 Debenture AAA 0.00 - 4.56 2.90
new National Bank Agr. Rur. Devp 29/01/2020 Commercial Paper A1+ 0.00 - 2.88 2.88
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.90 2.75
equal 8.60% LIC Housing Fin. 31/05/2020 Debenture AAA 0.00 - 8.57 2.33
equal 8.70% Power Finance Corp. 14/05/2020 Bonds AAA 0.00 - 2.15 0.58
equal Reserve Bank of India 364-D 02/01/2020 Treasury Bills SOV 0.00 - 0.13 0.05

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

— 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:


0.04%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 10.7608

Dividend Weekly: ₹ 10.4108

Dividend Monthly: ₹ 10.7618


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 (₹) 150
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: 7.56%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 173 Cr (As on 31-Dec-2019)
Expense: 0.22% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly14-Jan-20200.0071

 07-Jan-20200.0112
 31-Dec-20190.0079
 24-Dec-20190.0061
 17-Dec-20190.0079
 10-Dec-20190.0046
 03-Dec-20190.0109
 26-Nov-20190.0106
 19-Nov-20190.0087
 13-Nov-20190.0075
 05-Nov-20190.0113
 29-Oct-20190.0098
 22-Oct-20190.0116
 15-Oct-20190.0117
 09-Oct-20190.0133
 01-Oct-20190.0150
 24-Sep-20190.0028
 17-Sep-20190.0061
 11-Sep-20190.0123
 03-Sep-20190.0115
 27-Aug-20190.0116
 20-Aug-20190.0094
 13-Aug-20190.0135
 06-Aug-20190.0132
 31-Jul-20190.0135

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

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