IDBI Ultra Short Term Fund Direct Dividend daily is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Bupesh Kalyani is the Current Fund Manager of IDBI Ultra Short Term Fund Direct Dividend daily.The fund currently has an Asset Under Management(AUM) of ₹177 Cr and the Latest NAV as of 18 Oct 2019 is ₹1031.19.
The IDBI Ultra Short Term Fund Direct Dividend daily is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
The objective of the Scheme will be to provide investors with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a diversified portfolio of money market and debt instruments with maturity predominantly between a liquid fund and a short term fund while maintaining a portfolio risk profile similar to a liquid fund.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment