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:
|CCIL T Bill Liquidity Weight||--||0.03||--||--||--||--||--||--||--||--||--|
|Debt: Ultra Short Duration||--||-0.01||--||--||--||--||--||--||--||--||--|
As on 24-Sep-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Nippon India Ultra Short Duration Fund - Segregated Portfolio 1 - Direct Plan||Sep-19||--||--||--||--||24|
|Aditya Birla Sun Life Savings Fund - Direct Plan | Invest Online||Jan-13||4.58||7.13||7.21||0.34||18,973|
|HDFC Ultra Short Term Fund - Direct Plan | Invest Online||Sep-18||4.27||--||--||0.34||17,843|
|Kotak Savings Fund - Direct Plan | Invest Online||Jan-13||3.96||6.58||6.83||0.33||14,237|
|SBI Magnum Ultra Short Duration Fund - Direct Plan | Invest Online||Jan-13||3.81||6.42||6.68||0.31||12,277|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||265.31||05-Mar-2021 - 12-Mar-2021||-24.26||23-Dec-2019 - 30-Dec-2019|
|Month||265.31||10-Feb-2021 - 12-Mar-2021||-24.26||29-Nov-2019 - 30-Dec-2019|
|Quarter||265.31||11-Dec-2020 - 12-Mar-2021||-24.26||30-Sep-2019 - 30-Dec-2019|
|Year||195.09||12-Mar-2020 - 12-Mar-2021||-38.82||09-Oct-2019 - 08-Oct-2020|
|CCIL T Bill Liquidity Weight*||3.37||0.39||-1.71||-4.34||--||--|
|Debt: Ultra Short Duration*||5.68||1.60||2.07||4.38||1.13||2.39|
The Risk Measures have been calculated using calendar month returns for the last three years.
* As on 31-Aug-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||1||1||1||1|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||0.07||0.57||0.07||--|
|Yield to Maturity (%)||10.75||10.75||10.75||--|
|Avg Credit Rating||BBB||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|10.50% Altico Capital India 26/03/2021||Non Convertible Debenture||D||49.99 - 50.00||49.99|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 28-Feb-2021
Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience: Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).
Experience: He has been associated with Nippon India Mutual Fund since 2006.
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The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market instruments.
|Minimum Investment (₹)||100|
|Minimum Addl Investment (₹)||100|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||100|
|Minimum Balance (₹)||1|
|Lock-in Period||Not Applicable|
|Fund House:||Nippon India Mutual Fund|
|Return Since Launch:||--|
|Benchmark:||NIFTY Ultra Short Duration Debt|
|Assets:||₹ 24 Cr (As on 28-Feb-2021)|
|Expense:||-- (As on )|
AMC: Nippon India Life Asset Management Ltd.
Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055
Phone: 022-68334800 / 18602660111
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]