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3 star

Tata Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 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 3.14 0.01 0.05 0.29 1.00 1.99 3.97 -- -- -- --
CCIL T Bill Liquidity Weight 1.62 0.00 0.01 0.11 0.51 1.07 2.07 -- -- -- --
Debt: Ultra Short Duration 3.29 0.01 0.05 0.36 1.04 2.15 4.07 -- -- -- --
Rank within category 9 17 12 5 6 8 9 -- -- -- --
Number of funds in category 27 28 28 28 28 27 27 20 14 14 0

As on 20-Oct-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 - Direct Plan  | Invest Online
3 star
Jan-19 3.97 -- -- 0.29% 1,040
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.24 6.98 7.10 0.34% 17,747
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.99 6.60 -- 0.34% 16,705
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.73 6.45 6.75 0.33% 12,698
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.62 6.28 6.62 0.31% 11,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.04 24-Mar-2020 - 31-Mar-2020 -0.58 17-Mar-2020 - 24-Mar-2020
Month 1.70 24-Mar-2020 - 23-Apr-2020 -0.30 25-Feb-2020 - 26-Mar-2020
Quarter 2.87 24-Mar-2020 - 24-Jun-2020 0.58 24-Dec-2019 - 24-Mar-2020
Year 7.66 25-Jan-2019 - 27-Jan-2020 4.00 09-Jul-2020 - 09-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Ultra Short Duration* 5.97 1.35 2.39 5.45 1.07 2.67
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 33 38 19 39
Modified Duration (yrs) 0.37 0.45 0.34 0.40
Average Maturity (yrs) 0.40 0.46 0.35 0.45
Yield to Maturity (%) 3.96 4.06 3.59 4.30
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 Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 9.84 7.20
new 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 4.82 4.82
equal Export-Import Bank 184-D 31/12/2021 Certificate of Deposit A1+ 0.00 - 4.77 4.77
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 4.77 4.77
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.75 4.75
new SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 4.73 4.73
equal IDFC First Bank 15/03/2022 Certificate of Deposit A1+ 0.00 - 6.43 4.73
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 4.73 4.73
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 8.50 3.88
new 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 2.46 2.46
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 2.50 2.45
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 2.50 2.45
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 3.39 2.42
equal 6.99% REC 31/12/2021 Non Convertible Debenture AAA 0.00 - 3.40 2.42
new Shriram Transport Finance Company 16/06/2023 Non Convertible Debenture AA+ 0.00 - 2.41 2.41
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 2.40 2.40
equal Godrej Properties 177-D 29/10/2021 Commercial Paper A1+ 0.00 - 2.40 2.40
equal Standard Chartered Invest&Loan 183-D 07/12/2021 Commercial Paper A1+ 0.00 - 2.39 2.39
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 6.51 2.39
equal Indusind Bank 15/02/2022 Certificate of Deposit A1+ 0.00 - 3.23 2.37
equal Barclays Investments & Loans 150-D 28/01/2022 Commercial Paper A1+ 0.00 - 2.37 2.37
new RBL Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 2.36 2.36
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 2.35 2.35
equal Bahadur Chand Investments 317-D 22/04/2022 Commercial Paper A1+ 0.00 - 2.33 2.33
equal Hero Housing Finance 353-D 15/07/2022 Commercial Paper A1+ 0.00 - 2.32 2.32

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-2021

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:


0.01%

Change from previous, NAV as on 20-Oct-2021

Growth: ₹ 11.6923

IDCW Weekly: ₹ 10.4023

IDCW Monthly: ₹ 11.7620


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 22-Jan-2019
Return Since Launch: 5.86%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,040 Cr (As on 30-Sep-2021)
Expense: 0.29% (As on 31-Aug-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly12-Oct-20210.0111

 05-Oct-20210.0063
 28-Sep-20210.0038
 21-Sep-20210.0076
 14-Sep-20210.0063
 07-Sep-20210.0084
 31-Aug-20210.0092
 24-Aug-20210.0093
 17-Aug-20210.0106
 10-Aug-20210.0083
 03-Aug-20210.0066
 27-Jul-20210.0088
 20-Jul-20210.0092
 13-Jul-20210.0095
 06-Jul-20210.0083
 29-Jun-20210.0077
 22-Jun-20210.0044
 15-Jun-20210.0086
 08-Jun-20210.0080
 01-Jun-20210.0053
 25-May-20210.0080
 18-May-20210.0080
 11-May-20210.0061
 04-May-20210.0091
 27-Apr-20210.0101

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

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