IDBI Ultra Short Term Fund Direct Growth 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 Growth.The fund currently has an Asset Under Management(AUM) of ₹258 Cr and the Latest NAV as of 19 Sep 2019 is ₹2088.15.
The IDBI Ultra Short Term Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
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.
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