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Unrated

ITI Ultra Short Duration Fund - Regular Plan


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 -- 0.00 0.05 0.23 0.77 -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.01 0.04 0.18 0.63 -- -- -- -- -- --
Debt: Ultra Short Duration -- 0.01 0.08 0.30 0.99 -- -- -- -- -- --
Rank within category -- 24 24 23 23 -- -- -- -- -- --
Number of funds in category 27 28 28 28 28 27 26 19 14 14 12

As on 17-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Ultra Short Duration Fund - Regular Plan
Unrated
May-21 -- -- -- 1.07 133
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 4.49 7.00 7.10 0.48 18,973
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.99 -- -- 0.64 17,843
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.56 6.15 6.44 0.77 14,237
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.66 6.27 6.55 0.49 12,277

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.09 04-Jun-2021 - 11-Jun-2021 0.01 10-Jun-2021 - 17-Jun-2021
Month 0.29 02-Jul-2021 - 02-Aug-2021 0.19 07-May-2021 - 07-Jun-2021
Quarter 0.79 04-Jun-2021 - 03-Sep-2021 0.69 07-May-2021 - 06-Aug-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Ultra Short Duration* 5.24 1.61 1.63 3.53 1.15 1.96
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 6 4 43
Modified Duration (yrs) 0.44 0.44 0.38 0.39
Average Maturity (yrs) 0.46 0.46 0.39 0.41
Yield to Maturity (%) 3.37 3.70 3.37 4.00
Avg Credit Rating GOI/Cash -- -- --

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 23/12/2021 Treasury Bills SOV 0.00 - 18.65 18.65
equal Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 12.77 - 22.80 14.79
new 4.48% GOI 2023 GOI Securities SOV 0.00 - 11.33 11.33
new 7.47% Power Finance Corporation 16/09/2021 Bonds AAA 0.00 - 9.81 9.81
new 5.44% Chennai Petroleum Corporation 24/06/2024 Debenture AAA 0.00 - 2.26 2.26

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-Aug-2021

Fund Manager

— Vikrant Mehta since 19-Apr-2021

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


0.00%

Change from previous, NAV as on 17-Sep-2021

Growth: ₹ 1,010.6836

IDCW Yearly: ₹ 1,010.6849

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IDCW Weekly: ₹ 1,001.2357

IDCW Monthly: ₹ 1,002.6832

IDCW Fortnightly: ₹ 1,001.2351

IDCW Daily: ₹ 1,001.0000


Investment Strategy

The scheme seeks to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 03-May-2021
Return Since Launch: 1.07%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 133 Cr (As on 31-Aug-2021)
Expense: 1.07% (As on 31-Jul-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Sep-20210.0458

 16-Sep-20210.1085
 15-Sep-20210.0744
 13-Sep-20210.2284
 09-Sep-20210.0211
 08-Sep-20210.0751
 07-Sep-20210.0665
 06-Sep-20210.2418
 03-Sep-20210.1324
 02-Sep-20210.0259
 01-Sep-20210.2164
 31-Aug-20210.0233
 30-Aug-20210.3270
 27-Aug-20210.0967
 26-Aug-20210.0460
 25-Aug-20210.0509
 24-Aug-20210.0487
 23-Aug-20210.1869
 20-Aug-20210.2216
 18-Aug-20210.0975
 17-Aug-20210.4172
 13-Aug-20210.1050
 12-Aug-20210.1545
 11-Aug-20210.1203
 10-Aug-20210.0815
IDCW Fortnightly13-Sep-20211.4465

 25-Aug-20211.3279
 10-Aug-20211.1073
 26-Jul-20211.2629
 12-Jul-20211.4602
 25-Jun-20210.9661
 10-Jun-20211.2571
 25-May-20210.5789
IDCW Weekly13-Sep-20210.3158

 06-Sep-20210.6843
 30-Aug-20210.5448
 23-Aug-20210.4581
 17-Aug-20210.8962
 09-Aug-20210.4828
 02-Aug-20210.5067
 26-Jul-20210.5558
 19-Jul-20210.7042
 12-Jul-20210.8323
 05-Jul-20210.5467
 28-Jun-20210.5130
 21-Jun-20210.2433
 14-Jun-20210.8565
 07-Jun-20210.4299
 31-May-20210.3200
 24-May-20210.5029
IDCW Monthly25-Aug-20212.4375

 26-Jul-20212.7251
 25-Jun-20212.2249
 25-May-20210.5795

Contact Information

AMC: ITI Asset Management Ltd.

Address: Naman Midtown 'A' - Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi Mumbai - 400013

Phone: 1800-266-9603 / 022-66214999

Email: [email protected]

Website: http://www.itiamc.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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