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ITI Ultra Short Duration Fund - Direct 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 -- 0.01 0.06 0.29 0.97 -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- -0.03 0.01 0.17 0.60 -- -- -- -- -- --
Debt: Ultra Short Duration -- 0.01 0.10 0.36 1.14 -- -- -- -- -- --
Rank within category -- 13 6 13 17 -- -- -- -- -- --
Number of funds in category 27 28 28 28 28 27 26 19 14 14 0

As on 23-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 - Direct Plan
Unrated
May-21 -- -- -- 0.22 133
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.61 7.12 7.22 0.34 18,973
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.29 -- -- 0.34 17,843
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.98 6.57 6.84 0.33 14,237
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.83 6.42 6.68 0.31 12,277

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.11 04-Jun-2021 - 11-Jun-2021 0.03 10-Jun-2021 - 17-Jun-2021
Month 0.36 02-Jul-2021 - 03-Aug-2021 0.26 07-May-2021 - 07-Jun-2021
Quarter 1.00 04-Jun-2021 - 03-Sep-2021 0.91 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* 5.68 1.60 2.07 4.38 1.13 2.39
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:


0.01%

Change from previous, NAV as on 23-Sep-2021

Growth: ₹ 1,014.4105

IDCW Yearly: ₹ 1,014.5333

More

IDCW Weekly: ₹ 1,001.1151

IDCW Monthly: ₹ 1,003.7042

IDCW Fortnightly: ₹ 1,001.8285

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: 1.44%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 133 Cr (As on 31-Aug-2021)
Expense: 0.22% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily23-Sep-20210.1149

 22-Sep-20210.0183
 21-Sep-20210.0549
 20-Sep-20210.3444
 17-Sep-20210.0701
 16-Sep-20210.1324
 15-Sep-20210.1197
 14-Sep-20210.0150
 13-Sep-20210.3641
 09-Sep-20210.0431
 08-Sep-20210.0985
 07-Sep-20210.0907
 06-Sep-20210.3124
 03-Sep-20210.2039
 02-Sep-20210.0487
 01-Sep-20210.2863
 31-Aug-20210.0471
 30-Aug-20210.3976
 27-Aug-20210.1208
 26-Aug-20210.0694
 25-Aug-20210.0745
 24-Aug-20210.0716
 23-Aug-20210.2571
 20-Aug-20210.2683
 18-Aug-20210.1189
IDCW Weekly20-Sep-20210.7063

 13-Sep-20210.4790
 06-Sep-20210.8481
 30-Aug-20210.7099
 23-Aug-20210.5980
 17-Aug-20211.0835
 09-Aug-20210.6485
 02-Aug-20210.6675
 26-Jul-20210.7203
 19-Jul-20210.8710
 12-Jul-20210.9992
 05-Jul-20210.7128
 28-Jun-20210.6781
 21-Jun-20210.4106
 14-Jun-20211.0238
 07-Jun-20210.5966
 31-May-20210.4915
 24-May-20210.7776
 17-May-20210.2180
IDCW Fortnightly13-Sep-20211.9094

 25-Aug-20211.6938
 10-Aug-20211.4720
 26-Jul-20211.6018
 12-Jul-20211.8228
 25-Jun-20211.3767
 10-Jun-20211.6167
 25-May-20211.1240
IDCW Monthly25-Aug-20213.1286

 26-Jul-20213.3929
 25-Jun-20212.9667
 25-May-20211.1094

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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