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IDBI Ultra Short Term Fund Direct Growth+0.02%

5.41%
1 Year Return
Debt
Ultra Short Duration
2.0star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Ultra Short Term Fund Direct Growth

RiskModerate
Min SIP Amount₹500
Expense Ratio0.34%
NAV₹2252.50 (20 Jan 2021)
Fund Started01 Jan 2013
Fund Size381 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
5.4%
6.8%
7.2%
7.8%
Category Average
4.9%
5.8%
6.4%
-
Rank Within Category
15
8
8
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 5.4% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.26%
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low

Top Holdings

NameSectorInstrument% Assets
Reserve Bank of IndiaFinancialT-Bills13.4%
Reserve Bank of IndiaFinancialT-Bills13.3%
Housing Development Finance Corpn. Ltd.FinancialCP6.8%
Reserve Bank of IndiaFinancialT-Bills6.8%
Punjab National BankFinancialBonds4.6%
Vedanta Ltd.MetalsDebenture3.0%
Bank Of BarodaFinancialBonds2.3%
JK Cement LtdConstructionDebenture2.0%
Tata Power Co. Ltd.EnergyDebenture2.0%
Kotak Mahindra Bank Ltd.FinancialCD1.4%
See All

IDBI Ultra Short Term Fund Direct Growth Details

IDBI Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Bupesh Kalyani is the Current Fund Manager of IDBI Ultra Short Term Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹381 Cr and the Latest NAV as of 20 Jan 2021 is ₹2252.50.

The IDBI Ultra Short Term Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.

Investment Objective

The scheme seeks to provide investors with regular income for there investments by investing in Debt/ Money market instruments with relatively lower interest rate risk such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months.

Tax Implications

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)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About IDBI Mutual Fund

Address
5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
Phone
022-6644 2800
Launch Date
29 Mar 2010
IDBI Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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