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IDBI Ultra Short Term Fund Direct Growth
+5.08%
3Y annualised
+0.02% 1D
NAV: 28 Jul '23
₹2,552.10
Min. for SIP
Not Supported
Fund size (AUM)
₹146.42 Cr
Expense ratio
0.25%
Rating
4
Holdings (7)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 16.75% |
| Reserve Bank of India | Financial | T-Bills | 16.54% |
| Reserve Bank of India | Financial | T-Bills | 16.05% |
| State Bank of India | Financial | CD | 14.82% |
| Canara Bank | Financial | CD | 6.83% |
| Reserve Bank of India | Financial | T-Bills | 6.78% |
| Udaipur Cement Works Ltd. | Construction | Debenture | 1.71% |
Minimum investments
Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +5.1% | +5.9% | +7.1% | +7.2% |
| Category average (Debt Ultra Short Duration) | +6.8% | +5.7% | +6.0% | -- |
| Rank (Debt Ultra Short Duration) | 6 | 10 | 6 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed as per your Income Tax slab.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +6.85% | +7.49% | 6,377.77 | |
 | +6.65% | +7.43% | 5,907.80 | |
 | +6.63% | +7.33% | 1,073.02 | |
 | +6.54% | +7.30% | 204.86 | |
 | +6.62% | +7.20% | 508.91 | |
| Compare | ||||
About IDBI Ultra Short Term Fund Direct Growth
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 29 Mar 2010. The fund currently has an Asset Under Management(AUM) of ₹3,592 Cr and the Latest NAV as of 28 Jul 2023 is ₹2,552.10.
The IDBI Ultra Short Term Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹500.
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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.
Fund benchmarkCRISIL Ultra Short Duration Debt B-I Index
Fund house
Rank (total assets)#29 in India
Total AUM₹3,591.62 Cr
Date of Incorporation29 Mar 2010
Launch Date29 Mar 2010
Address4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,