|Risk||Low to Moderate|
|Min SIP Amount||₹500|
|NAV||₹2285.54 (22 Jun 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹449 Cr|
|Reserve Bank of India||Financial||T-Bills||22.1%|
|Reserve Bank of India||Financial||T-Bills||10.9%|
|Reliance Industries Ltd.||Energy||CP||5.6%|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||CP||5.6%|
|Redington India Ltd.||Technology||CP||5.5%|
|APL Apollo Tubes Ltd.||Metals||CP||5.5%|
|Bandhan Bank Ltd.||Financial||CD||5.5%|
|National Bank For Agriculture & Rural Development||Financial||CP||5.5%|
|Axis Bank Ltd.||Financial||CD||5.5%|
|Reserve Bank of India||Financial||T-Bills||5.5%|
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 ₹449 Cr and the Latest NAV as of 22 Jun 2021 is ₹2285.54.
The IDBI Ultra Short Term Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.